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Affirming the growth of AI in the region, a report launched by PwC earlier this month stated that the usage of AI among the workforce in the Middle East continues to rise, with 75 percent of employees in the region utilizing it in their tasks over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the innovation sector and said that 84 percent of CEOs in the nation are all set to deploy AI properly, well above the 76 percent international criteria, supported by the Kingdom's information governance community, including nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area attractive, including having more practical laws to enable experimentation and growth," stated the report.
Leading service leaders, policymakers and investors from the GCC and Latin America just recently checked out how nations from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 local and worldwide policymakers, presidents, CEOs, business leaders, investors, and industry experts went to the first Global Organization 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 goods from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers said. Both areas depend on each other for important products.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the area's total sugar imports, it included. Brazil is by far the largest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for cars and Chile for wood items, stated a statement.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how organizations can benefit from the altering patterns of global need and what role Dubai can play in assisting in 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 serving as a details and research study centre, by offering organization documentation, using legal services, assisting in networking opportunities through signature service occasions and providing nearly every imaginable service option, it stated.
GCC development will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong however slow slightly. Non-oil activity will be supported by population development, brand-new markets, and public investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector development will accelerate, offsetting in part lower oil prices; financial balances will be blended, with surpluses in UAE and Qatar, but deficits persist somewhere else.
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 government policies attracting funds and skill, said organization leaders 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 Venture Capital Look Like", speakers agreed that the emerging regional investment landscape appears promising.
Reacting to a question on regional start-ups' prospects of gaining from recent financial investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have a lot going for us in the region: the low expense of energy, an extremely progressive government that is ahead in policy, guideline and data privacy; and truly strong universities that are progressively looking at AI and ending up technical talent in AI."She added: "Our ultimate objective is to see this area, specifically the GCC, end up being an AI superpower.
Our biggest chauffeur right now is investing in talent, because in the AI race, it's the technical talent that actually wins."Focusing on the attractiveness of the region for financiers, Christos Mastoras, Creator and Managing Partner of Iliad Partners, stated: "I think we are very fortunate to onboard the three largest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International growth funds are coming in, which reveals clear indications of maturity of the community The ability of the UAE and regional federal governments to bring in skill; their innovation-first technique, abundance of capital here in addition to inflow worldwide are the essential structure 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 values, with 250 "largest ticket size" deals tape-recorded in 2025 in the nation.
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