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Affirming the development of AI in the area, a report released by PwC previously this month stated that the usage of AI amongst the labor force in the Middle East continues to rise, with 75 percent of staff members in the region utilizing it in their jobs over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the technology sector and stated that 84 percent of CEOs in the nation are ready to release AI responsibly, well above the 76 percent worldwide criteria, supported by the Kingdom's information governance ecosystem, including national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area attractive, consisting of having more pragmatic laws to permit for experimentation and development," said the report.
Achieving Process Excellence in Dubai's Industrial SectorTop magnate, policymakers and investors from the GCC and Latin America just recently explored how countries from the two areas can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, magnate, investors, and market specialists attended the very first Global Service 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 regions depend on each other for necessary products.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the region's overall 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 (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, stated a statement.
The forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how companies can gain from the altering patterns of international need and what function Dubai can play in assisting in the next step in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by acting as an information and research centre, by offering service documentation, using legal services, facilitating networking chances via signature service occasions and delivering almost every conceivable business option, it specified.
GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil development will remain strong however slow slightly. Non-oil activity will be supported by population growth, brand-new markets, and public financial investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector growth will accelerate, balancing out in part lower oil costs; financial balances will be blended, with surpluses in UAE and Qatar, however deficits continue elsewhere.
SHARJAH (WAM) The GCC and wider 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 attracting funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the very first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Look Like", speakers agreed that the emerging regional investment landscape appears promising.
Reacting to a concern on local start-ups' potential customers of taking advantage of recent investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have so much choosing us in the region: the low cost of energy, a really progressive federal government that is ahead in policy, policy and information privacy; and actually strong educational institutions that are increasingly looking at AI and ending up technical skill in AI."She included: "Our ultimate objective is to see this region, particularly the GCC, become an AI superpower.
Our biggest driver right now is investing in talent, because in the AI race, it's the technical talent that truly wins.
"International development funds are coming in, which reveals clear indications of maturity of the environment The capability of the UAE and regional governments to attract talent; their innovation-first approach, abundance of capital here as well as inflow globally are the crucial building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of handle the highest worths, with 250 "largest ticket size" deals recorded in 2025 in the country.
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