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Affirming the growth of AI in the region, a report launched by PwC previously this month stated that the use of AI amongst the labor force in the Middle East continues to rise, with 75 percent of workers in the area utilizing it in their jobs over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the technology sector and stated that 84 percent of CEOs in the nation are prepared to deploy AI properly, well above the 76 percent worldwide benchmark, supported by the Kingdom's information governance ecosystem, including nationwide initiatives led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the area attractive, consisting of having more practical laws to enable experimentation and development," said the report.
Key Benefits of Strategic Growth for the GCCLeading magnate, policymakers and financiers from the GCC and Latin America recently explored how nations from the two areas can grow trade between each other in Dubai, UAE.More than 500 local and global policymakers, presidents, CEOs, business leaders, financiers, and market specialists went to the first Global Organization Forum Latin America held at the Atlantis Palm - Dubai.
In 2015 the GCC made up 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 statement from organisers said. Both areas depend on each other for essential 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 without a doubt the largest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, stated a statement.
The online forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how services can benefit from the changing patterns of international need and what function Dubai can play in facilitating the next step in company relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but globally too, by serving as an info and research study centre, by offering company paperwork, offering legal services, facilitating networking chances through signature company events and delivering almost every conceivable business service, it stated.
GCC development will enhance in 2026, led by faster expansion in hydrocarbons; non-oil development will remain solid however sluggish slightly. Non-oil activity will be supported by population development, brand-new industries, and public investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector growth will speed up, balancing out in part lower oil prices; fiscal balances will be mixed, with surpluses in UAE and Qatar, however deficits persist somewhere else.
SHARJAH (WAM) The GCC and larger Middle East area is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies drawing in funds and talent, stated business leaders at the 9th edition of Sharjah Entrepreneurial Festival (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 agreed that the emerging local financial investment landscape appears appealing.
Reacting to a question on local startups' prospects of benefiting from recent investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have so much opting for us in the area: the low expense of energy, an extremely progressive government that is ahead in policy, policy and information privacy; and really strong instructional institutions that are increasingly looking at AI and turning out technical talent in AI."She added: "Our ultimate goal is to see this region, specifically the GCC, become an AI superpower.
Our greatest motorist right now is investing in talent, since in the AI race, it's the technical skill that really wins.
"International development funds are coming in, which reveals clear indications of maturity of the ecosystem The capability of the UAE and regional governments to bring in skill; their innovation-first method, abundance of capital here in addition to inflow globally are the crucial structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of handle the greatest worths, with 250 "largest ticket size" deals taped in 2025 in the country.
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