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Affirming the growth of AI in the region, a report launched by PwC earlier this month stated that the usage of AI amongst the labor force in the Middle East continues to increase, with 75 percent of employees in the area utilizing it in their jobs over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the nation are all set to release AI properly, well above the 76 percent international benchmark, supported by the Kingdom's information governance community, including national efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the region attractive, consisting of having more pragmatic laws to permit for experimentation and development," said the report.
Leading business leaders, policymakers and financiers from the GCC and Latin America just recently explored how countries from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, company leaders, investors, and market specialists attended 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers said. Both regions count on each other for essential products.
In 2015 Latin America provided 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 biggest trading partner for countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, stated a statement.
The forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how services can take advantage of the changing patterns of international demand and what function Dubai can play in facilitating the next action in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however worldwide too, by acting as a details and research centre, by supplying business paperwork, offering legal services, assisting in networking opportunities through signature organization occasions and providing practically every possible business solution, it stated.
GCC development will enhance in 2026, led by faster growth in hydrocarbons; non-oil growth will remain solid but sluggish somewhat. Non-oil activity will be supported by population growth, brand-new industries, and public investment; inflation will remain soft, while monetary policy will loosen up. Hydrocarbons sector growth will accelerate, balancing out in part lower oil rates; financial balances will be blended, with surpluses in UAE and Qatar, but deficits persist in other places.
SHARJAH (WAM) The GCC and wider Middle East area is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies bring in funds and talent, stated organization leaders 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 concurred that the emerging regional financial investment landscape appears promising.
Reacting to a question on local startups' prospects of taking advantage of current investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have a lot opting for us in the region: the low expense of energy, a very progressive federal government that is ahead in policy, guideline and data privacy; and truly strong educational institutions that are increasingly taking a look at AI and ending up technical skill in AI."She added: "Our supreme goal is to see this region, specifically the GCC, become an AI superpower.
Our biggest chauffeur right now is investing in talent, since in the AI race, it's the technical skill that truly wins.
"International growth funds are can be found in, which reveals clear signs of maturity of the ecosystem The ability of the UAE and local governments to bring in skill; their innovation-first technique, abundance of capital here along with inflow internationally are the crucial building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of offers with the greatest values, with 250 "biggest ticket size" offers recorded in 2025 in the country.
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