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Affirming the development of AI in the region, a report launched by PwC previously this month stated that the use of AI among the labor force in the Middle East continues to rise, with 75 percent of workers in the region using it in their jobs over the previous 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the innovation sector and stated that 84 percent of CEOs in the nation are ready to release AI properly, well above the 76 percent global criteria, supported by the Kingdom's data governance environment, including nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the region appealing, including having more pragmatic laws to enable experimentation and development," said the report.
Leading magnate, policymakers and financiers from the GCC and Latin America just recently checked out how countries 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 industry experts attended 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 items 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 essential items.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the area's total sugar imports, it added. Brazil is by far the biggest trading partner for nations in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for vehicles and Chile for wood products, said a statement.
The online forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how businesses can benefit from the changing patterns of international need and what role Dubai can play in assisting in the next step in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but internationally too, by functioning as a details and research centre, by providing business documentation, using legal services, assisting in networking chances via signature organization occasions and delivering nearly every conceivable service solution, it specified.
GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will stay 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 costs; financial balances will be blended, with surpluses in UAE and Qatar, however deficits continue somewhere else.
SHARJAH (WAM) The GCC and wider Middle East area is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies attracting funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Look Like", speakers concurred that the emerging local investment landscape appears appealing.
Boosting Dubai Manufacturing Growth StrategiesReacting to a concern on regional startups' prospects of gaining from recent investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have so much opting for us in the area: the low cost of energy, a very progressive government that is ahead in policy, guideline and data privacy; and actually strong universities that are progressively taking a look at AI and turning out technical skill in AI."She included: "Our supreme objective is to see this area, particularly the GCC, end up being an AI superpower.
Our greatest chauffeur right now is investing in talent, due to the fact that in the AI race, it's the technical talent that really wins.
"International development funds are coming in, which shows clear signs of maturity of the ecosystem The ability of the UAE and local federal governments to bring in talent; their innovation-first approach, abundance of capital here along with inflow worldwide are the essential foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of handle the highest worths, with 250 "biggest ticket size" offers taped in 2025 in the nation.
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