All Categories
Featured
Table of Contents
Verifying the growth of AI in the region, a report launched by PwC earlier this month said that the usage of AI amongst the workforce in the Middle East continues to increase, with 75 percent of employees in the area using it in their tasks over the past 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 nation are ready to deploy AI properly, well above the 76 percent global standard, supported by the Kingdom's data governance environment, consisting of national efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the region appealing, including having more pragmatic laws to enable experimentation and growth," said the report.
Top organization leaders, policymakers and financiers from the GCC and Latin America recently checked out how nations from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, magnate, investors, and industry specialists went to the first Global Business 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 items from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers stated. Both areas depend on each other for necessary products.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it added. Brazil is without a doubt the biggest trading partner for countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for cars and Chile for wood items, said a declaration.
The forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how services can take advantage of the changing patterns of global demand 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 however globally too, by acting as an information and research centre, by providing company paperwork, providing legal services, assisting in networking chances via signature service events and providing practically every possible organization solution, it specified.
GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil development will stay solid however sluggish slightly. Non-oil activity will be supported by population development, brand-new industries, and public financial investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector growth will accelerate, balancing out in part lower oil costs; financial balances will be blended, 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 government policies bring in funds and skill, 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 Venture Capital Look Like", speakers agreed that the emerging local financial investment landscape appears promising.
Reacting to a question on local start-ups' prospects of benefiting from recent investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have a lot choosing us in the area: the low expense of energy, a very progressive federal government that is ahead in policy, policy and data personal privacy; and actually strong universities that are increasingly looking at AI and turning out technical skill in AI."She added: "Our ultimate goal is to see this area, specifically the GCC, end up being an AI superpower.
Our most significant driver right now is investing in skill, because in the AI race, it's the technical talent that actually wins.
"International growth funds are can be found in, which reveals clear signs of maturity of the environment The capability of the UAE and regional federal governments to attract talent; their innovation-first approach, abundance of capital here along with inflow internationally are the crucial building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the number of handle the greatest worths, with 250 "largest ticket size" offers taped in 2025 in the nation.
Latest Posts
A Strategic Guide to GCC Market Success in 2026
Leveraging GCC Research to Drive Operational Growth
Essential Steps for Industrial Excellence in Dubai
