Syed Basar Shueb: “Our Q1 2025 performance reinforces the strength of IHC’s diversified model and the growing impact of our strategic investments across global markets. As we expanded our portfolio, we continued to drive improved operational performance and enhance recurring revenue streams, ensuring resilience and stability across our business segments.”
Revenue increased by 41.1% year-on-year to AED 27.2 billion, supported by strong performance across core verticals.
Group Profit After Tax reached AED 4.1 billion, with a Net Profit margin of 15.2%.
Total Assets rose to AED 416.6 billion, reflecting portfolio expansion and strategic investments.
Return on Equity stood at 9.9%, underscoring sustained value creation and disciplined capital allocation.
115% revenue growth, robust international expansion and groundbreaking AI platform product launches underscore strong start to 2025
Abu Dhabi, UAE, May 7, 2025: Presight AI Holding Plc (“Presight” or “the Company”; ADX: PRESIGHT), today announced record financial results for the three months ending 31 March 2025. The results mark Presight’s strongest quarter to date and signal the company’s accelerating transition into a global powerhouse for AI-driven digital transformation, backed by robust financial growth, international momentum, and groundbreaking platform innovation.
Help AG’s highly anticipated State of the Market Report 2025 calls for urgent quantum-readiness and AI-powered cyber autonomy, as Distributed Denial-of-Service cyberattacks in the UAE surged from 38,797 in 2019 to 373,429 in 2024; a staggering 862.45% increase, Help AG observed.
Offering deep insights into the most pressing cyber trends across the UAE and Saudi Arabia, the State of the Market Report 2025 was unveiled at an exclusive media roundtable on Day 1 of GISEC Global.
Stephan Berner, Chief Executive Officer of Help AG
Dubai, UAE / Riyadh, KSA – May 7th, 2025: Help AG, the cybersecurity arm of e& enterprise and the region’s leading Managed Security Services Provider (MSSP), unveiled its highly anticipated State of the Market Report 2025 on Day 1 of GISEC Global (May 6-8; Dubai World Trade Centre). The Help AG report explores how AI-driven attacks, data-centric threats, and quantum-readiness are reshaping enterprise and government security strategies across the GCC.
Igniting a New Era for Crypto in MENA with Professional-Grade Trading and Bank-Grade Security
Abu Dhabi, UAE – Tuesday, 6May 2025
The future of crypto in MENA is taking shape. BurjX, a UAE-based digital asset brokerage, announced today that it has received In-Principle Approval (IPA) from the Financial Services Regulatory Authority (FSRA) of Abu Dhabi Global Market (ADGM). This marks a key regulatory milestone as BurjX moves towards securing its Financial Services Permission (FSP) to operate as a fully regulated, institutional-grade trading and custody platform.
As the pioneer of the world’s first comprehensive virtual asset regulatory framework, ADGM’s approval reinforces BurjX’s commitment to building a next-generation platform founded on trust, transparency, and institutional adoption in MENA.
A New Era for Crypto in MENA
“This is an exciting step forward – not just for BurjX, but for crypto in MENA as a whole,” said Omar Abbas, Co-Founder & CEO of BurjX. “Secure, institutional-grade custody is the foundation of a trusted trading platform, and the MENA region is ready for it. As BurjX moves toward final regulatory approval, we are reimagining crypto trading – seamlessly integrating cutting-edge security with a frictionless trading experience in a single, unified platform.”
Adam Ferris, Co-Founder & Chairman of BurjX, underscored the company’s vision: “This milestone is just the beginning. We’re building something that doesn’t just meet the highest security and regulatory standards – it’s about raising the bar for enterprise-grade custody, compliance, and market integrity. BurjX is shaping the future of responsible digital asset trading.”
Wall Street Meets MENA: The Next Crypto Powerhouse
BurjX was founded to bring North American expertise into MENA’s rapidly growing crypto landscape. Omar Abbas, co-founder of NDAX – Canada’s leading cryptocurrency exchange, has over a decade of experience in fintech, banking, and digital assets. He’s worked at Canada’s top banks, bridging traditional finance with the rise of crypto markets. Adam Ferris, a Harvard JD/MBA who previously held key roles at Goldman Sachs, has deep expertise in high-growth financial and technology markets, strengthening the team’s strategic leadership and expansion capabilities.
Recognising the immense potential of the MENA region – ranked as the seventh-largest crypto market globally in 2024, valued at an estimated $338.7 billion and accounting for 7.5% of the world’s total transaction volume – they’ve assembled a team of seasoned experts to reshape the crypto landscape and setting a new standard for digital asset trading.
Raising the Bar for Regulated Crypto
With final regulatory approval on the horizon, BurjX is preparing to launch later this year, bringing a full suite of digital asset trading and custody solutions to market. Designed for retail, professional, and institutional traders, the platform provides secure fiat on/off-ramps, deep liquidity, and advanced execution tools – all within a tightly governed and fully compliant framework.
At the heart of BurjX’s security framework is its integration with Fireblocks, the global leader in digital asset custody. By leveraging Fireblocks’ multi-party computation (MPC) technology and cutting-edge security protocols, BurjX ensures institutional-grade asset protection, secure transfers, and real-time risk management – setting a new benchmark for safeguarding digital assets in MENA.
Strengthening its security-first approach, BurjX has secured market-leading insurance coverage, offering comprehensive protection for client and operational assets against a range of potential risks, ensuring resilience and trust in its platform.
About BurjX
BurjX is a UAE-based digital asset brokerage and custodian designed to bring secure, efficient, and cost-effective access to digital assets such as Bitcoin, Ethereum and Solana. Built from the ground up for MENA, BurjX is in the final stages of regulatory approval with the FSRA of ADGM, paving the way to set a new benchmark for compliant crypto trading and custody in the region.
For more details on BurjX, please visit www.burjx.com.
With strong fundamentals, real estate and construction stocks continue to capture investor attention across the UAE. According to eToro’s recent Retail Investor Beat survey, 52.5% of investors see real estate and construction as the most promising sector over the next 12 months, ahead of even the fast-growing technology sector, which came in at 42%.
Dubai and Abu Dhabi’s property markets remain two of the hottest globally, fuelled by population growth, foreign investment, and demand for premium developments. This strength has translated into solid returns for listed developers in the last year, such as Emaar Properties (+72%) and Aldar (+40%). Aldar’s Q1 results, reported in late April, showed why this real estate is attracting investor attention with a 33% rise in net profit and a 42% jump in development sales. What’s helping businesses like Aldar and Emaar is the UAE’s stable economic environment, which continues to support their growth.
UAE News 24/7 