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Affirming the development of AI in the region, a report launched by PwC earlier this month stated that the use of AI amongst the labor force in the Middle East continues to increase, with 75 percent of employees in the area utilizing 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 country are ready to deploy AI responsibly, well above the 76 percent international criteria, supported by the Kingdom's data governance community, including nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the region attractive, including having more pragmatic laws to enable for experimentation and growth," stated the report.
Top organization leaders, policymakers and financiers from the GCC and Latin America just recently explored how countries from the two areas can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, company leaders, financiers, and market professionals went to the very first Global Company 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 statement from organisers said. Both areas count on each other for important products.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent of the region's total sugar imports, it added. Brazil is by far the largest trading partner for countries in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, said a declaration.
The online forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how businesses can take advantage of the changing patterns of worldwide demand and what function 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 worldwide too, by acting as an information and research study centre, by providing organization paperwork, offering legal services, assisting in networking opportunities by means of signature organization events and providing practically every imaginable company service, it mentioned.
GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil development will stay solid but sluggish a little. Non-oil activity will be supported by population development, new industries, and public investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector development will speed up, offsetting in part lower oil prices; financial balances will be combined, with surpluses in UAE and Qatar, however 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 government policies drawing in funds and talent, stated business leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the very first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Look Like", speakers concurred that the emerging local financial investment landscape appears appealing.
Comparing Innovative Models Against Legacy FrameworksReacting to a question on local start-ups' potential customers of gaining from current financial investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have a lot going for us in the area: the low cost of energy, a really progressive government that is ahead in policy, regulation and information personal privacy; and actually strong instructional organizations that are progressively looking at AI and ending up technical skill in AI."She added: "Our ultimate goal is to see this region, particularly the GCC, become an AI superpower.
Our greatest motorist right now is purchasing skill, since in the AI race, it's the technical skill that actually wins."Concentrating on the appearance of the region for financiers, Christos Mastoras, Creator and Handling Partner of Iliad Partners, stated: "I think we are very lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for investment in the area.
"International growth funds are coming in, which reveals clear indications of maturity of the ecosystem The capability of the UAE and regional governments to draw in skill; their innovation-first technique, abundance of capital here in addition to inflow internationally are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of offers with the greatest values, with 250 "largest ticket size" deals recorded in 2025 in the country.
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