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Affirming the development of AI in the area, a report launched by PwC previously this month stated that the usage of AI among the labor force in the Middle East continues to rise, with 75 percent of employees in the area utilizing it in their jobs over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the nation are prepared to release AI properly, well above the 76 percent international criteria, supported by the Kingdom's information governance environment, including national initiatives led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the area attractive, including having more pragmatic laws to allow for experimentation and development," stated the report.
Top business leaders, policymakers and financiers from the GCC and Latin America just recently explored how nations from the two regions can grow trade between each other in Dubai, UAE.More than 500 local and worldwide policymakers, presidents, CEOs, magnate, investors, and market specialists participated in the very first Global Service 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 region were $5.6 billion, a declaration from organisers said. Both areas rely on each other for vital products.
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 by far 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 (generally poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, said a statement.
The forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how organizations can gain from the altering patterns of worldwide need and what function Dubai can play in helping with the next step in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by functioning as an info and research study centre, by offering company documentation, providing legal services, assisting in networking opportunities by means of signature service events and providing nearly every conceivable company option, it specified.
GCC development will enhance in 2026, led by faster expansion 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. Hydrocarbons sector development will accelerate, balancing out in part lower oil prices; financial balances will be combined, with surpluses in UAE and Qatar, however deficits persist somewhere else.
SHARJAH (WAM) The GCC and broader 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 talent, stated service leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Endeavor Capital Look Like", speakers agreed that the emerging regional investment landscape appears appealing.
Ways to Leverage Market Research for 2026 SuccessResponding to a question on regional startups' prospects of gaining from current financial investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have a lot going for us in the area: the low expense of energy, a very progressive federal government that is ahead in policy, regulation and information privacy; and really strong educational institutions that are progressively taking a look at AI and ending up technical talent in AI."She included: "Our supreme objective is to see this area, 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 skill that truly wins.
"International development funds are being available in, which shows clear signs of maturity of the environment The ability of the UAE and local federal governments to bring in skill; their innovation-first method, abundance of capital here as well as inflow internationally are the essential foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of offers with the highest worths, with 250 "largest ticket size" offers taped in 2025 in the country.
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