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Affirming the growth of AI in the region, a report released by PwC previously this month stated that the use of AI amongst the workforce in the Middle East continues to increase, with 75 percent of employees in the region using it in their tasks over the past 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 deploy AI responsibly, well above the 76 percent global benchmark, supported by the Kingdom's data governance ecosystem, including nationwide initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the area attractive, including having more practical laws to permit for experimentation and growth," stated the report.
Driving Dubai Industrial Expansion through StrategyTop magnate, policymakers and financiers from the GCC and Latin America just recently checked out how nations from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, presidents, CEOs, magnate, investors, and industry specialists went to 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 goods from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers stated. Both regions depend on each other for important products.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it included. Brazil is without a doubt 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 products, said a statement.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how organizations can gain from the altering patterns of worldwide demand and what function Dubai can play in facilitating the next step in company relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however globally too, by functioning as an info and research study centre, by offering company paperwork, providing legal services, assisting in networking opportunities through signature business events and providing almost every possible company service, it specified.
GCC development will enhance in 2026, led by faster expansion in hydrocarbons; non-oil development will remain solid but slow somewhat. Non-oil activity will be supported by population development, new industries, and public financial investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector development will accelerate, balancing out in part lower oil prices; fiscal balances will be blended, with surpluses in UAE and Qatar, however deficits continue in other places.
SHARJAH (WAM) The GCC and broader Middle East area is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies bring in funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation 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 promising.
Utilizing Market Research to Effectively Drive Strategic GrowthReacting to a question on local startups' potential customers of benefiting from recent financial investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have a lot opting for us in the region: the low cost of energy, a really progressive government that is ahead in policy, guideline and information personal privacy; and really strong academic institutions that are increasingly looking at AI and turning out technical skill in AI."She added: "Our supreme objective is to see this area, particularly the GCC, become an AI superpower.
Our biggest chauffeur right now is investing in talent, because in the AI race, it's the technical talent that really wins.
"International growth funds are coming in, which shows clear indications of maturity of the environment The ability of the UAE and local federal governments to bring in skill; their innovation-first technique, abundance of capital here as well as inflow internationally are the essential foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of handle the highest worths, with 250 "largest ticket size" deals recorded in 2025 in the country.
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