All Categories
Featured
Table of Contents
Affirming the growth of AI in the area, a report launched by PwC earlier this month said that the use of AI amongst the workforce in the Middle East continues to increase, with 75 percent of workers 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 said that 84 percent of CEOs in the country are prepared to release AI responsibly, well above the 76 percent international standard, supported by the Kingdom's data governance community, including nationwide initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the area attractive, consisting of having more practical laws to permit for experimentation and development," stated the report.
Top company 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, heads of state, CEOs, service leaders, investors, and market specialists went to the 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 items from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers said. Both regions rely on each other for essential items.
In 2015 Latin America supplied nearly 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 biggest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, stated a declaration.
The online forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how businesses can benefit from the altering patterns of worldwide need and what role 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 however internationally too, by acting as an information and research study centre, by supplying service documentation, using legal services, helping with networking opportunities through signature service events and delivering practically every possible organization solution, it stated.
GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will stay solid however sluggish somewhat. Non-oil activity will be supported by population development, brand-new industries, and public investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector growth will accelerate, offsetting in part lower oil costs; fiscal balances will be mixed, with surpluses in UAE and Qatar, but deficits persist in other places.
SHARJAH (WAM) The GCC and wider 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 drawing in funds and skill, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 taking a look at "What Does the Next Year of Endeavor Capital Appear Like", speakers concurred that the emerging regional investment landscape appears appealing.
Reacting to a concern on local startups' potential customers of taking advantage of current investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have so much going for us in the area: 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 progressively taking a look at AI and turning out technical talent in AI."She included: "Our supreme goal is to see this region, specifically the GCC, become an AI superpower.
Our most significant motorist today is purchasing skill, since in the AI race, it's the technical talent that really wins."Concentrating on the beauty of the region for investors, Christos Mastoras, Founder and Handling Partner of Iliad Partners, said: "I think we are extremely lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International development funds are can be found in, which shows clear signs of maturity of the community The capability of the UAE and regional governments to draw in talent; their innovation-first approach, abundance of capital here as well as inflow globally are the essential building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of handle the highest worths, with 250 "biggest ticket size" offers taped in 2025 in the nation.
Latest Posts
Will Market Analytics Drive Middle East Corporate Success?
Actionable Tips for Navigating the 2026 Regional Landscape
Long-Term Dubai Economic Growth Patterns in 2026
