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Verifying the development of AI in the region, a report released by PwC previously this month stated that the usage of AI among the workforce in the Middle East continues to increase, with 75 percent of staff members in the region using it in their jobs over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the nation are ready to deploy AI responsibly, well above the 76 percent international standard, supported by the Kingdom's data governance ecosystem, consisting of national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the region attractive, consisting of having more practical laws to permit experimentation and development," said the report.
Top magnate, policymakers and investors from the GCC and Latin America recently explored how nations from the two regions can grow trade between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, magnate, investors, and market professionals attended the very first Global Company Forum Latin America held at the Atlantis Palm - Dubai.
In 2015 the GCC comprised of the UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia, imported $11 billion worth of goods from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both areas depend on each other for vital items.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the area's total sugar imports, it included. Brazil is without a doubt the largest trading partner for countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, said a declaration.
The forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how businesses can gain from the changing patterns of worldwide demand and what role Dubai can play in facilitating the next action in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by functioning as an info and research centre, by offering service documentation, offering legal services, facilitating networking chances via signature service occasions and providing practically every possible organization option, it mentioned.
GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong however slow somewhat. Non-oil activity will be supported by population development, new markets, and public investment; inflation will remain soft, while monetary policy will loosen up. Hydrocarbons sector development will speed up, offsetting in part lower oil rates; financial balances will be combined, with surpluses in UAE and Qatar, but deficits continue in other places.
SHARJAH (WAM) The GCC and broader Middle East area is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies drawing in funds and skill, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging regional investment landscape appears appealing.
The Operational Advantages of Advanced Market ResearchResponding to a question on local start-ups' potential customers of taking advantage of recent investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have a lot choosing us in the area: the low expense of energy, a very progressive federal government that is ahead in policy, guideline and information personal privacy; and really strong academic institutions that are progressively taking a look at AI and ending up technical talent in AI."She included: "Our supreme goal is to see this area, specifically the GCC, become an AI superpower.
Our most significant chauffeur right now is investing in talent, due to the fact that in the AI race, it's the technical talent that truly wins.
"International growth funds are being available in, which shows clear signs of maturity of the ecosystem The capability of the UAE and regional federal governments to draw in talent; their innovation-first technique, abundance of capital here as well as inflow globally are the key building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of deals with the greatest worths, with 250 "biggest ticket size" offers recorded in 2025 in the country.
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