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Verifying the development of AI in the area, a report launched by PwC earlier this month stated that the use 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 past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the nation are prepared to deploy AI responsibly, well above the 76 percent worldwide criteria, supported by the Kingdom's information governance environment, consisting of national efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the region appealing, including having more practical laws to enable experimentation and growth," stated the report.
Adapting Your Operations to New Omani Company MandatesLeading magnate, policymakers and investors from the GCC and Latin America recently explored how countries from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, magnate, financiers, and industry experts attended the 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 products from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers said. Both areas count on each other for vital items.
In 2015 Latin America supplied almost 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 largest trading partner for countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, stated 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 changing patterns of worldwide demand and what role Dubai can play in facilitating the next action in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but globally too, by serving as an info and research study centre, by offering service paperwork, providing legal services, facilitating networking opportunities through signature organization occasions and delivering practically every possible service service, it stated.
GCC development will strengthen in 2026, led by faster growth in hydrocarbons; non-oil development will remain solid however sluggish a little. 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, balancing out in part lower oil costs; fiscal balances will be blended, with surpluses in UAE and Qatar, but deficits continue somewhere else.
SHARJAH (WAM) The GCC and wider Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies drawing in funds and skill, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the very first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Look Like", speakers concurred that the emerging regional financial investment landscape appears promising.
What Foreign Entities Required to Know About Qatari LawReacting to a question on regional start-ups' potential customers of gaining from recent investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have so much going for us in the region: the low cost of energy, a very progressive federal government that is ahead in policy, guideline and data personal privacy; and truly strong academic organizations that are significantly taking a look at AI and ending up technical talent in AI."She added: "Our ultimate objective is to see this region, particularly the GCC, end up being an AI superpower.
Our biggest chauffeur right now is investing in skill, due to the fact that in the AI race, it's the technical skill that truly wins."Concentrating on the beauty of the region for financiers, Christos Mastoras, Creator and Handling Partner of Iliad Partners, stated: "I believe we are really fortunate to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International development funds are can be found in, which reveals clear indications of maturity of the ecosystem The capability of the UAE and regional federal governments to attract talent; their innovation-first approach, abundance of capital here in addition to inflow worldwide are the essential foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of handle the highest worths, with 250 "largest ticket size" offers taped in 2025 in the nation.
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