All Categories
Featured
Table of Contents
Verifying the growth of AI in the area, a report launched by PwC earlier this month said that the use of AI amongst the workforce 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 launched by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the nation are ready to deploy AI responsibly, well above the 76 percent international benchmark, supported by the Kingdom's information governance ecosystem, consisting of national initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the area attractive, including having more pragmatic laws to enable experimentation and development," said the report.
Top magnate, policymakers and financiers from the GCC and Latin America recently checked out how countries from the two regions 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 Business 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 region were $5.6 billion, a statement from organisers said. Both regions rely on each other for vital items.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it added. Brazil is without a doubt the biggest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (generally poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, stated a statement.
The forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how organizations can benefit from the altering patterns of worldwide demand and what function Dubai can play in facilitating the next step in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by functioning as an info and research centre, by offering service paperwork, offering legal services, helping with networking opportunities via signature company events and delivering nearly every conceivable business solution, it stated.
GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will remain strong but sluggish slightly. Non-oil activity will be supported by population development, brand-new markets, and public investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector growth will accelerate, balancing out in part lower oil rates; financial balances will be blended, with surpluses in UAE and Qatar, but deficits continue elsewhere.
SHARJAH (WAM) The GCC and larger Middle East region is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies drawing in funds and skill, said business leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the 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 investment landscape appears appealing.
Responding to a concern on regional start-ups' prospects of taking advantage of current financial investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have so much choosing us in the area: the low expense of energy, a really progressive government that is ahead in policy, policy and information privacy; and really strong academic organizations that are progressively taking a look at AI and ending up technical talent in AI."She added: "Our supreme goal is to see this region, specifically the GCC, become an AI superpower.
Our most significant driver right now is investing in skill, because in the AI race, it's the technical skill that actually wins.
"International development funds are being available in, which shows clear indications of maturity of the ecosystem The capability of the UAE and regional governments to attract skill; their innovation-first approach, abundance of capital here along with inflow internationally are the essential foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of handle the highest worths, with 250 "largest ticket size" deals taped in 2025 in the country.
Latest Posts
Ways to Utilize Market Intelligence for Success
Advanced Strategy for Regional Success
Boosting Dubai Industrial Expansion Strategies