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Affirming the growth of AI in the area, a report launched by PwC earlier this month said that the use of AI amongst the labor force in the Middle East continues to increase, with 75 percent of workers in the region using it in their jobs over the past 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 responsibly, well above the 76 percent international benchmark, supported by the Kingdom's data governance ecosystem, consisting of nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the area appealing, consisting of having more pragmatic laws to permit experimentation and growth," said the report.
Why GCC Outsourcing Is Pivoting Towards Specialized ProvidersLeading magnate, policymakers and investors from the GCC and Latin America recently explored how nations from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 local and worldwide policymakers, heads of state, CEOs, organization leaders, financiers, and industry professionals participated in 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers stated. Both regions count on each other for important items.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the region's total sugar imports, it added. Brazil is without a doubt the largest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, stated a declaration.
The online forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how companies can take advantage of the changing patterns of global need and what role Dubai can play in helping with the next action in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however globally too, by acting as an information and research centre, by supplying service paperwork, offering legal services, assisting in networking opportunities via signature organization occasions and delivering practically every imaginable service service, it mentioned.
GCC growth will strengthen in 2026, led by faster growth in hydrocarbons; non-oil development will remain solid but slow slightly. Non-oil activity will be supported by population growth, new markets, and public investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector development will accelerate, balancing out in part lower oil rates; fiscal balances will be blended, with surpluses in UAE and Qatar, however deficits persist somewhere else.
SHARJAH (WAM) The GCC and wider Middle East area is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies drawing in funds and skill, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging regional investment landscape appears appealing.
Why GCC Outsourcing Is Pivoting Towards Specialized ProvidersReacting to a concern on regional startups' potential customers of benefiting from recent investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have a lot going for us in the area: the low cost of energy, an extremely progressive federal government that is ahead in policy, policy and data personal privacy; and really strong instructional organizations that are increasingly taking a look at AI and turning out technical talent in AI."She added: "Our supreme goal is to see this region, particularly the GCC, become an AI superpower.
Our biggest chauffeur right now is investing in skill, due to the fact that in the AI race, it's the technical talent that really wins.
"International development funds are being available in, which shows clear indications of maturity of the ecosystem The capability of the UAE and local governments to draw in talent; their innovation-first method, abundance of capital here as well as inflow globally are the key foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of offers with the greatest values, with 250 "biggest ticket size" deals recorded in 2025 in the nation.
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