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Affirming the growth of AI in the area, a report launched by PwC earlier this month stated that the use of AI amongst the labor force in the Middle East continues to rise, with 75 percent of staff members 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 properly, well above the 76 percent international criteria, supported by the Kingdom's data governance ecosystem, including national initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the area attractive, including having more pragmatic laws to allow for experimentation and development," stated the report.
Driving Regional Industrial Growth through StrategyLeading magnate, policymakers and investors from the GCC and Latin America recently checked out how nations from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, heads of state, CEOs, company leaders, financiers, and industry professionals went to the very first Global Organization 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 goods from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers said. Both regions depend on each other for important products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the region's total sugar imports, it added. Brazil is by far 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 (generally poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, stated a declaration.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how organizations can gain from the altering patterns of worldwide demand and what role Dubai can play in assisting in the next action in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but worldwide too, by acting as an information and research centre, by supplying organization documents, offering legal services, facilitating networking chances through signature company events and delivering nearly every possible business option, it stated.
GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will remain solid but slow slightly. Non-oil activity will be supported by population development, brand-new industries, and public financial investment; inflation will remain soft, while monetary policy will loosen up. Hydrocarbons sector growth will accelerate, balancing out in part lower oil prices; fiscal balances will be blended, with surpluses in UAE and Qatar, but deficits persist somewhere else.
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 bring in funds and skill, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Venture Capital Look Like", speakers agreed that the emerging local financial investment landscape appears appealing.
Driving Regional Industrial Growth through StrategyReacting to a concern on regional start-ups' prospects of gaining from recent financial 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 cost of energy, an extremely progressive federal government that is ahead in policy, policy and data privacy; and actually strong academic organizations that are increasingly taking a look at AI and turning out technical talent in AI."She added: "Our ultimate objective is to see this region, particularly the GCC, end up being an AI superpower.
Our most significant chauffeur right now is buying talent, since in the AI race, it's the technical talent that truly wins."Concentrating on the appearance of the region for investors, Christos Mastoras, Founder and Managing Partner of Iliad Partners, stated: "I believe we are very fortunate to onboard the three largest banks of Greece as LPs [Limited Partners] for investment in the area.
"International development funds are can be found in, which reveals clear signs of maturity of the ecosystem The ability of the UAE and regional governments to draw in skill; their innovation-first technique, abundance of capital here along with inflow internationally are the key structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of handle the greatest worths, with 250 "biggest ticket size" deals recorded in 2025 in the country.
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