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Verifying the development of AI in the region, a report launched by PwC previously this month said that the use of AI among the labor force in the Middle East continues to rise, with 75 percent of employees in the area utilizing 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 stated that 84 percent of CEOs in the nation are ready to release AI responsibly, well above the 76 percent worldwide criteria, supported by the Kingdom's data governance environment, including national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the area appealing, including having more pragmatic laws to allow for experimentation and development," stated the report.
Leading service 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 local and international policymakers, presidents, CEOs, magnate, financiers, and industry experts participated in the very first Global Company 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 region were $5.6 billion, a statement from organisers stated. Both areas depend on each other for important products.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the area's total sugar imports, it included. Brazil is without a doubt the largest trading partner for nations in the area, 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 items, stated a statement.
The forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how businesses can gain from the changing patterns of international need and what function Dubai can play in assisting in the next step in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however globally too, by serving as an info and research centre, by providing organization documentation, providing legal services, helping with networking opportunities through signature organization events and providing nearly every imaginable organization service, it mentioned.
GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay solid but slow somewhat. Non-oil activity will be supported by population growth, brand-new industries, and public investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector development will accelerate, offsetting in part lower oil costs; fiscal balances will be mixed, with surpluses in UAE and Qatar, however 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 federal government policies drawing in funds and skill, stated company leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the very first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Appear Like", speakers concurred that the emerging local investment landscape appears promising.
Reacting to a question on local startups' prospects of taking advantage of recent financial investments in digital infrastructure, Tala Al Jabri, Creator and Managing 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 personal privacy; and actually strong instructional institutions that are significantly looking at AI and turning out technical skill in AI."She added: "Our supreme objective is to see this area, specifically the GCC, become an AI superpower.
Our greatest chauffeur right now is investing in talent, since in the AI race, it's the technical skill that actually wins.
"International growth funds are coming in, which shows clear signs of maturity of the community The ability of the UAE and regional federal governments to attract skill; their innovation-first method, abundance of capital here along with inflow globally are the essential structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of deals with the greatest values, with 250 "biggest ticket size" offers taped in 2025 in the nation.
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