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Affirming the growth of AI in the region, a report launched by PwC previously this month stated that the use of AI amongst the workforce in the Middle East continues to rise, with 75 percent of workers in the area utilizing it in their jobs over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the innovation sector and stated that 84 percent of CEOs in the nation are prepared to release AI properly, well above the 76 percent worldwide standard, supported by the Kingdom's information governance environment, including nationwide efforts led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the area attractive, including having more pragmatic laws to enable for experimentation and growth," said the report.
Top service leaders, policymakers and investors from the GCC and Latin America just recently checked out how countries from the two areas can grow trade between each other in Dubai, UAE.More than 500 local and international policymakers, heads of state, CEOs, magnate, investors, and market specialists participated in the first Global Company Forum Latin America held at the Atlantis Palm - Dubai.
In 2015 the GCC made up of the UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia, imported $11 billion worth of products from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both regions count on each other for necessary products.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it included. Brazil is without a doubt the biggest trading partner for countries in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (generally poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, said a statement.
The forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how businesses can benefit from the altering patterns of international need and what function Dubai can play in facilitating the next step in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but globally too, by serving as an information and research study centre, by supplying organization documentation, using legal services, helping with networking chances by means of signature company events and delivering almost every possible business option, it specified.
GCC development will reinforce in 2026, led by faster growth in hydrocarbons; non-oil development will stay solid but slow somewhat. Non-oil activity will be supported by population development, brand-new markets, and public financial investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector growth will accelerate, balancing out in part lower oil costs; financial balances will be blended, with surpluses in UAE and Qatar, however deficits persist elsewhere.
SHARJAH (WAM) The GCC and broader Middle East area is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies drawing in funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging regional investment landscape appears promising.
Reacting to a concern on regional start-ups' prospects of benefiting from current investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have a lot going for us in the area: the low cost of energy, a very progressive government that is ahead in policy, regulation and information privacy; and really strong instructional organizations that are significantly looking at AI and ending up technical skill in AI."She included: "Our supreme goal is to see this region, particularly the GCC, end up being an AI superpower.
Our greatest driver right now is investing in talent, since in the AI race, it's the technical talent that truly wins.
"International development funds are can be found in, which shows clear indications of maturity of the ecosystem The capability of the UAE and local federal governments to draw in skill; their innovation-first method, abundance of capital here as well as inflow globally are the key building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of handle the highest values, with 250 "biggest ticket size" deals recorded in 2025 in the nation.
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