All Categories
Featured
Table of Contents
Affirming the growth of AI in the area, a report released by PwC previously this month stated that the use of AI amongst the labor force in the Middle East continues to increase, with 75 percent of staff members in the area using it in their tasks over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the nation are prepared to release AI properly, well above the 76 percent worldwide standard, supported by the Kingdom's information governance ecosystem, consisting of nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the region appealing, consisting of having more practical laws to allow for experimentation and development," said the report.
Leading service leaders, policymakers and investors from the GCC and Latin America recently explored how countries from the two areas can grow trade between each other in Dubai, UAE.More than 500 local and international policymakers, heads of state, CEOs, company leaders, financiers, and market professionals 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 products from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both regions count on each other for important products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the area's total sugar imports, it included. Brazil is by far the largest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, said a declaration.
The online forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how companies can take advantage of the altering patterns of international demand and what function 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 however globally too, by serving as an information and research study centre, by offering organization paperwork, providing legal services, helping with networking chances by means of signature service occasions and providing practically every conceivable organization option, it specified.
GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will stay strong but slow a little. Non-oil activity will be supported by population development, brand-new markets, and public financial investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector growth will accelerate, offsetting in part lower oil prices; fiscal balances will be blended, with surpluses in UAE and Qatar, but deficits continue somewhere else.
SHARJAH (WAM) The GCC and broader Middle East area 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 skill, stated organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Appear Like", speakers agreed that the emerging regional investment landscape appears appealing.
GCC Business News for Strategic RealitiesReacting to a question on local startups' prospects of taking advantage of current investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have a lot opting for us in the region: the low expense of energy, an extremely progressive government that is ahead in policy, guideline and data personal privacy; and actually strong universities that are significantly taking a look at AI and turning out technical talent in AI."She included: "Our supreme goal is to see this area, specifically the GCC, become an AI superpower.
Our greatest motorist today is investing in talent, because in the AI race, it's the technical talent that truly wins."Focusing on the beauty of the area for investors, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I believe we are very lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for investment in the region.
"International growth funds are being available in, which reveals clear indications of maturity of the community The capability of the UAE and local federal governments to draw in skill; their innovation-first technique, abundance of capital here as well as inflow globally are the essential foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of offers with the highest worths, with 250 "biggest ticket size" offers taped in 2025 in the nation.
Latest Posts
Bridging Policy and Operational Performance Across the Gulf
Accelerating Regional Industrial Expansion Strategies
Optimising Operational Efficiency through Advanced Market Research
