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Verifying the development of AI in the area, a report launched by PwC previously this month said that the use of AI amongst the labor force in the Middle East continues to rise, with 75 percent of staff members in the area using it in their tasks over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's development in the innovation sector and stated that 84 percent of CEOs in the country are all set to release AI responsibly, well above the 76 percent worldwide criteria, supported by the Kingdom's information governance environment, consisting of nationwide efforts led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the region attractive, including having more practical laws to permit experimentation and development," stated the report.
Predicting the Next Middle East Business LandscapeLeading magnate, policymakers and financiers from the GCC and Latin America just recently checked out how countries from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 local and international policymakers, heads of state, CEOs, company leaders, financiers, and market specialists 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 products from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both regions count on each other for vital products.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent 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 (mainly poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, said a statement.
The forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how services can benefit from the changing patterns of worldwide need and what function Dubai can play in assisting in the next step in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but globally too, by acting as an information and research centre, by supplying service documentation, using legal services, helping with networking chances via signature business events and delivering nearly every possible service service, it stated.
GCC growth will strengthen in 2026, led by faster growth in hydrocarbons; non-oil growth will stay strong but slow somewhat. Non-oil activity will be supported by population development, new industries, and public investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector growth will speed up, offsetting in part lower oil prices; financial balances will be mixed, with surpluses in UAE and Qatar, however deficits continue 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, said organization leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 examining "What Does the Next Year of Endeavor Capital Appear Like", speakers agreed that the emerging local financial investment landscape appears promising.
Reacting to a concern on regional start-ups' potential customers of taking advantage of current investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have a lot opting for us in the region: the low expense of energy, a really progressive government that is ahead in policy, policy and data personal privacy; and really strong instructional organizations that are increasingly looking at AI and ending up technical skill in AI."She added: "Our ultimate objective is to see this region, specifically the GCC, become an AI superpower.
Our most significant motorist right now is investing in skill, since in the AI race, it's the technical talent that actually wins.
"International growth funds are being available in, which shows clear indications of maturity of the environment The capability of the UAE and local governments to attract talent; their innovation-first approach, abundance of capital here in addition to inflow worldwide are the essential foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of deals with the highest worths, with 250 "largest ticket size" deals recorded in 2025 in the country.
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