All Categories
Featured
Table of Contents
Verifying the development of AI in the region, a report launched by PwC previously this month said that the usage of AI among the workforce in the Middle East continues to rise, with 75 percent of employees in the region 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 said that 84 percent of CEOs in the nation are all set to release AI responsibly, well above the 76 percent international benchmark, supported by the Kingdom's information governance community, consisting of national efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area attractive, including having more pragmatic laws to enable experimentation and development," stated the report.
Top company leaders, policymakers and investors from the GCC and Latin America just recently explored how countries from the two areas can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, presidents, CEOs, service leaders, financiers, and industry experts participated in the very first Global Business 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 items from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers stated. Both regions rely on each other for essential products.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the region's overall sugar imports, it added. 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 vehicles and Chile for wood items, stated a declaration.
The forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how companies can take advantage of the altering patterns of international need and what function Dubai can play in helping with the next step in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by serving as an info and research study centre, by supplying service documents, using legal services, assisting in networking opportunities through signature business events and delivering almost every imaginable business option, it stated.
GCC growth will enhance in 2026, led by faster growth in hydrocarbons; non-oil growth will remain solid however sluggish a little. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector growth will accelerate, offsetting in part lower oil rates; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits persist in other places.
SHARJAH (WAM) The GCC and larger Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies attracting funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the first day of SEF 2026 examining "What Does the Next Year of Equity Capital Look Like", speakers agreed that the emerging regional financial investment landscape appears appealing.
Picking the A Lot Of Rewarding Entry Point in Saudi ArabiaReacting to a concern on regional startups' prospects of gaining from current investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have a lot choosing us in the area: the low cost of energy, a really progressive federal government that is ahead in policy, regulation and data privacy; and actually strong universities that are increasingly taking a look at AI and turning out technical skill in AI."She added: "Our ultimate goal is to see this region, particularly the GCC, become an AI superpower.
Our biggest chauffeur right now is investing in talent, since in the AI race, it's the technical talent that really wins.
"International growth funds are being available in, which shows clear signs of maturity of the community The capability of the UAE and regional governments to bring in skill; their innovation-first method, abundance of capital here along with inflow internationally are the key foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of offers with the highest values, with 250 "biggest ticket size" offers tape-recorded in 2025 in the country.
Latest Posts
How to Utilize GCC Intelligence for 2026 Success
Ways to Leverage GCC Intelligence for Success
Leading the 2026 Regional Business Landscape for Executives
