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Affirming the development of AI in the area, a report launched by PwC earlier this month stated that the usage of AI amongst the labor force in the Middle East continues to rise, with 75 percent of employees in the area utilizing it in their jobs over the previous 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 prepared to deploy AI responsibly, well above the 76 percent worldwide criteria, supported by the Kingdom's data governance ecosystem, including national efforts led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the region appealing, consisting of having more pragmatic laws to allow for experimentation and growth," stated the report.
Leading service leaders, policymakers and investors from the GCC and Latin America recently explored how nations from the two regions can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, magnate, investors, and market professionals participated in the first Global Organization Online 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 statement from organisers stated. Both areas rely on each other for necessary items.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the region's total sugar imports, it included. 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 depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, said a statement.
The forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how organizations can benefit from the changing patterns of global need and what function Dubai can play in facilitating the next step in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by acting as a details and research study centre, by supplying service paperwork, providing legal services, facilitating networking chances by means of signature business occasions and providing almost every possible service option, it specified.
GCC growth will strengthen in 2026, led by faster growth in hydrocarbons; non-oil development will stay strong but slow slightly. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will remain soft, while monetary policy will loosen up. Hydrocarbons sector development will speed up, balancing out in part lower oil rates; financial balances will be blended, with surpluses in UAE and Qatar, however deficits persist elsewhere.
SHARJAH (WAM) The GCC and broader Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies drawing in funds and talent, said magnate 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 Appear Like", speakers concurred that the emerging regional investment landscape appears promising.
Maximizing Industrial Efficiency Via Operational ExcellenceReacting to a concern on regional start-ups' potential customers of taking advantage of current investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have so much going for us in the area: the low expense of energy, an extremely progressive government that is ahead in policy, regulation and data privacy; and really strong instructional organizations that are significantly taking a look at AI and ending up technical talent in AI."She added: "Our supreme objective is to see this region, particularly the GCC, become an AI superpower.
Our most significant motorist today is purchasing talent, because in the AI race, it's the technical talent that really wins."Concentrating on the attractiveness of the region for investors, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I believe we are extremely lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for investment in the area.
"International growth funds are can be found in, which shows clear indications of maturity of the environment The ability of the UAE and local federal governments to attract talent; their innovation-first approach, abundance of capital here as well as inflow worldwide are the key structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the number of handle the greatest worths, with 250 "largest ticket size" offers taped in 2025 in the country.
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