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Affirming the development of AI in the region, a report released by PwC previously this month stated that the usage of AI among the labor force in the Middle East continues to increase, with 75 percent of staff members in the region using it in their tasks over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the innovation sector and stated that 84 percent of CEOs in the nation are prepared to deploy AI properly, well above the 76 percent international criteria, supported by the Kingdom's data governance environment, consisting of nationwide efforts led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the area appealing, consisting of having more pragmatic laws to enable for experimentation and growth," stated the report.
Top magnate, policymakers and investors from the GCC and Latin America recently explored how countries from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, business leaders, investors, and market specialists went to the very first Global Company Online 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 statement from organisers stated. Both regions count on each other for essential products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it included. Brazil is without a doubt the largest trading partner for countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for cars and Chile for wood items, said a declaration.
The online forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how organizations can gain from the altering patterns of international need and what function Dubai can play in assisting in the next action in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however worldwide too, by acting as a details and research study centre, by offering organization documents, providing legal services, facilitating networking chances by means of signature organization occasions and delivering practically every imaginable company service, it specified.
GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay strong but slow slightly. 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 speed up, balancing out in part lower oil costs; financial balances will be mixed, with surpluses in UAE and Qatar, but deficits persist in other places.
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 skill, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging local investment landscape appears promising.
Why Performance Is the Key Focus for UAE TalentReacting to a concern on local start-ups' potential customers of benefiting from current financial investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have a lot opting for us in the area: the low cost of energy, a very progressive federal government that is ahead in policy, guideline and data personal privacy; and really strong universities that are significantly taking a look at AI and ending up technical skill in AI."She added: "Our supreme objective is to see this area, particularly the GCC, become an AI superpower.
Our most significant motorist right now is investing in talent, due to the fact that in the AI race, it's the technical talent that actually wins.
"International development funds are being available in, which reveals clear indications of maturity of the community The ability of the UAE and regional federal governments to draw in skill; their innovation-first technique, abundance of capital here along with inflow internationally are the key structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of handle the highest values, with 250 "largest ticket size" deals recorded in 2025 in the nation.
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