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Affirming the development of AI in the region, a report released by PwC earlier this month stated that the usage of AI among the labor force in the Middle East continues to increase, with 75 percent of workers in the area utilizing it in their jobs over the past 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 ready to release AI properly, well above the 76 percent worldwide criteria, supported by the Kingdom's data governance community, including national initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the area appealing, consisting of having more practical laws to enable experimentation and growth," stated the report.
How to Navigate the Cultural Nuances of Saudi EntryTop magnate, policymakers and investors from the GCC and Latin America recently explored how nations from the two areas can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, organization leaders, financiers, and industry professionals attended the very first Global Organization 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 area were $5.6 billion, a declaration from organisers stated. Both regions rely on each other for vital products.
In 2015 Latin America provided almost 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 nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts 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 theme "Moving Synergies", explores how services can gain from the altering patterns of global demand and what role Dubai can play in assisting in the next action in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by serving as an info and research study centre, by supplying service documents, offering legal services, facilitating networking chances by means of signature service occasions and providing almost every imaginable service service, it stated.
GCC development will strengthen in 2026, led by faster growth in hydrocarbons; non-oil growth will remain strong however slow slightly. Non-oil activity will be supported by population growth, new markets, and public financial investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector development will accelerate, offsetting in part lower oil rates; financial balances will be combined, with surpluses in UAE and Qatar, but deficits continue somewhere else.
SHARJAH (WAM) The GCC and broader Middle East area is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies bring in funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the very first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Look Like", speakers concurred that the emerging regional investment landscape appears appealing.
How to Navigate the Cultural Nuances of Saudi EntryReacting to a question on regional start-ups' prospects of taking advantage of recent investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have a lot opting for us in the region: the low expense of energy, a very progressive government that is ahead in policy, policy and data personal privacy; and truly strong instructional organizations that are increasingly looking at AI and turning out technical skill in AI."She included: "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 talent, since in the AI race, it's the technical talent that actually wins.
"International development funds are can be found in, which shows clear signs of maturity of the ecosystem The ability of the UAE and regional governments to attract skill; their innovation-first approach, abundance of capital here in addition to inflow internationally are the crucial building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of handle the greatest values, with 250 "largest ticket size" offers tape-recorded in 2025 in the nation.
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