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Affirming the growth of AI in the area, a report launched by PwC earlier this month stated that the use of AI amongst the workforce in the Middle East continues to rise, with 75 percent of employees in the area using it in their tasks over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the country are ready to deploy AI responsibly, well above the 76 percent international standard, supported by the Kingdom's information governance environment, consisting of nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the area attractive, including having more practical laws to enable experimentation and growth," said the report.
Essential Strategies for Driving Regional Sector GrowthTop company leaders, policymakers and financiers from the GCC and Latin America just recently checked out how nations from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, presidents, CEOs, business leaders, financiers, and industry experts went to the very first Global Organization 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 declaration from organisers stated. Both areas rely on each other for necessary items.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it included. Brazil is without a doubt the largest trading partner for nations in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, stated a statement.
The online forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how companies can benefit from the changing patterns of worldwide need and what function Dubai can play in assisting in the next action in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but internationally too, by acting as an information and research centre, by providing business documents, providing legal services, helping with networking opportunities via signature business occasions and delivering practically every possible service option, it stated.
GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will remain strong however slow somewhat. Non-oil activity will be supported by population growth, new industries, and public investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector development will speed up, offsetting in part lower oil rates; fiscal balances will be mixed, with surpluses in UAE and Qatar, but deficits persist 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 federal government policies bring in funds and talent, stated company leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging regional financial investment landscape appears appealing.
Essential Strategies for Driving Regional Sector GrowthReacting to a question on local startups' prospects of taking advantage of current investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have so much opting for us in the area: the low cost of energy, a really progressive government that is ahead in policy, policy and information personal privacy; and really strong universities that are increasingly looking at AI and ending up technical talent in AI."She included: "Our supreme objective is to see this region, particularly the GCC, become an AI superpower.
Our greatest motorist right now is investing in talent, since in the AI race, it's the technical talent that actually wins.
"International growth funds are coming in, which reveals clear indications of maturity of the ecosystem The capability of the UAE and local federal governments to draw in skill; their innovation-first method, abundance of capital here as well as inflow globally are the essential foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of handle the greatest worths, with 250 "biggest ticket size" deals tape-recorded in 2025 in the nation.
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