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Affirming the growth of AI in the region, a report launched by PwC earlier this month stated that the use of AI amongst the labor force in the Middle East continues to rise, with 75 percent of staff members in the area using it in their tasks over the previous 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the nation are all set to release AI properly, well above the 76 percent worldwide standard, supported by the Kingdom's data governance environment, consisting of national efforts led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the region appealing, including having more pragmatic laws to permit experimentation and growth," said the report.
Leading organization leaders, policymakers and investors from the GCC and Latin America just recently checked out how countries from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, company leaders, financiers, and industry specialists attended the first Global Service Online 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 items from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers said. Both areas count on each other for essential items.
In 2015 Latin America provided 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 countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, said a declaration.
The forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how organizations can gain from the changing patterns of international demand and what role Dubai can play in facilitating the next step in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but globally too, by acting as a details and research centre, by providing company paperwork, using legal services, facilitating networking chances by means of signature company occasions and providing almost every imaginable business solution, it mentioned.
GCC growth will strengthen in 2026, led by faster growth in hydrocarbons; non-oil development will remain solid but slow slightly. Non-oil activity will be supported by population development, new markets, and public investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector growth will accelerate, offsetting in part lower oil prices; fiscal balances will be blended, with surpluses in UAE and Qatar, however deficits continue elsewhere.
SHARJAH (WAM) The GCC and wider Middle East region is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies attracting funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the very first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Look Like", speakers agreed that the emerging local financial investment landscape appears promising.
Driving Operational Excellence in Modern GCCReacting to a question on regional start-ups' potential customers of taking advantage of current financial investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have so much choosing us in the area: the low expense of energy, an extremely progressive government that is ahead in policy, regulation and data personal privacy; and actually strong universities that are increasingly looking at AI and turning out technical skill in AI."She added: "Our supreme goal is to see this area, specifically the GCC, end up being an AI superpower.
Our most significant driver right now is investing in talent, since in the AI race, it's the technical talent that actually wins.
"International development funds are being available in, which reveals clear signs of maturity of the environment The capability of the UAE and local federal governments to bring in skill; their innovation-first approach, abundance of capital here as well as inflow internationally are the essential foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of deals with the greatest worths, with 250 "biggest ticket size" offers tape-recorded in 2025 in the nation.
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