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Verifying the growth of AI in the area, a report released by PwC earlier this month stated that the use of AI among the labor force in the Middle East continues to increase, with 75 percent of employees in the region using it in their jobs over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the innovation sector and said that 84 percent of CEOs in the nation are ready to release AI properly, well above the 76 percent worldwide standard, supported by the Kingdom's data governance environment, consisting of nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the region attractive, including having more practical laws to permit for experimentation and growth," stated the report.
Top service leaders, policymakers and investors from the GCC and Latin America recently checked out how nations from the two regions can grow trade between each other in Dubai, UAE.More than 500 local and worldwide policymakers, heads of state, CEOs, magnate, investors, and industry professionals went to the first Global Organization 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 goods from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers said. Both regions count on each other for vital items.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent of the region's total sugar imports, it included. Brazil is by far the largest trading partner for nations 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 vehicles and Chile for wood products, stated a statement.
The forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how businesses can take advantage of the changing patterns of global 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 however worldwide too, by acting as an info and research study centre, by supplying service documentation, providing legal services, facilitating networking opportunities by means of signature company events and delivering nearly every conceivable service solution, it mentioned.
GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong but sluggish slightly. Non-oil activity will be supported by population development, new markets, and public financial investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector development will speed up, offsetting in part lower oil rates; financial balances will be mixed, with surpluses in UAE and Qatar, but deficits persist somewhere else.
SHARJAH (WAM) The GCC and wider Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies bring in funds and skill, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the first day of SEF 2026 examining "What Does the Next Year of Endeavor Capital Appear Like", speakers agreed that the emerging regional investment landscape appears promising.
Why Gulf Shared Service Centers Are Transferring To the CloudReacting to a question on local start-ups' potential customers of gaining from recent investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have a lot opting for us in the region: the low cost of energy, an extremely progressive government that is ahead in policy, regulation and data personal privacy; and really strong universities that are significantly looking at AI and ending up technical talent in AI."She included: "Our ultimate goal is to see this area, particularly the GCC, become an AI superpower.
Our biggest motorist today is buying skill, because in the AI race, it's the technical talent that actually wins."Concentrating on the appearance of the region for financiers, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I think we are extremely lucky to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"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 bring in talent; their innovation-first approach, abundance of capital here in addition to inflow internationally are the crucial foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of deals with the highest values, with 250 "biggest ticket size" offers taped in 2025 in the country.
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