All Categories
Featured
Table of Contents
Verifying the development of AI in the area, a report released by PwC earlier this month said that the usage of AI amongst 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 previous 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the nation are ready to release AI properly, well above the 76 percent international benchmark, supported by the Kingdom's data governance environment, consisting of national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area appealing, including having more practical laws to permit experimentation and growth," stated the report.
Leading magnate, policymakers and investors from the GCC and Latin America just recently explored how countries from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, heads of state, CEOs, magnate, financiers, and industry experts attended the first Global Organization Online 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 statement from organisers stated. Both areas count on each other for important items.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it added. Brazil is by far the biggest trading partner for nations in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for cars and Chile for wood products, said a declaration.
The online forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how services can benefit from the changing patterns of international need and what function 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 but globally too, by serving as a details and research study centre, by supplying organization documentation, using legal services, facilitating networking opportunities through signature service events and delivering nearly every possible business service, it stated.
GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain solid however slow somewhat. Non-oil activity will be supported by population development, brand-new markets, and public investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector growth will accelerate, balancing out in part lower oil costs; fiscal balances will be mixed, with surpluses in UAE and Qatar, but deficits persist in other places.
SHARJAH (WAM) The GCC and broader 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 attracting funds and skill, stated organization leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion 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 financial investment landscape appears appealing.
Taking advantage of the Development of Saudi Arabia's New HubsResponding to a concern on regional start-ups' prospects of taking advantage of recent investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have a lot choosing us in the area: the low expense of energy, a really progressive federal government that is ahead in policy, regulation and data personal privacy; and truly strong universities that are increasingly looking at AI and turning out technical skill in AI."She added: "Our ultimate goal is to see this region, specifically the GCC, end up being an AI superpower.
Our greatest chauffeur right now is investing in talent, since in the AI race, it's the technical skill that actually wins."Concentrating on the attractiveness of the area for investors, Christos Mastoras, Creator and Handling Partner of Iliad Partners, said: "I think we are really lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for investment in the region.
"International development funds are coming in, which shows clear indications of maturity of the environment The capability of the UAE and local governments to draw in talent; their innovation-first method, abundance of capital here as well as inflow worldwide are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of deals with the highest values, with 250 "biggest ticket size" offers tape-recorded in 2025 in the country.
Latest Posts
Operational Excellence: a Key Driver for 2026 Success
How AI Shift Does Fuel Success?
Comparing Innovative Models Against Traditional Business