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Affirming the growth of AI in the area, a report released by PwC earlier this month said that the use of AI among the workforce in the Middle East continues to rise, with 75 percent of workers in the area utilizing it in their tasks over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the nation are ready to release AI properly, well above the 76 percent global benchmark, supported by the Kingdom's data governance ecosystem, consisting of nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area appealing, consisting of having more practical laws to allow for experimentation and development," said the report.
Top organization leaders, policymakers and investors from the GCC and Latin America recently explored how nations from the two regions can grow trade in between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, business leaders, investors, and market specialists participated in 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 products from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers said. Both areas depend on each other for necessary products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it added. Brazil is by far the biggest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for cars and Chile for wood items, stated a statement.
The online forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how organizations can benefit from the changing patterns of worldwide need and what function Dubai can play in assisting in the next action in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however worldwide too, by functioning as an information and research centre, by providing organization documents, offering legal services, assisting in 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 growth in hydrocarbons; non-oil development will stay solid but slow slightly. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector growth will speed up, offsetting in part lower oil rates; fiscal balances will be mixed, with surpluses in UAE and Qatar, however deficits continue 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 federal government policies bring in funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the first day of SEF 2026 examining "What Does the Next Year of Endeavor Capital Look Like", speakers concurred that the emerging local financial investment landscape appears promising.
Reacting to a question on local start-ups' potential customers of gaining from current investments in digital infrastructure, 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, a very progressive federal government that is ahead in policy, policy and information personal privacy; and truly strong universities that are increasingly looking at AI and ending up technical skill in AI."She added: "Our ultimate objective is to see this area, particularly the GCC, become an AI superpower.
Our most significant chauffeur right now is investing in talent, because in the AI race, it's the technical skill that actually wins.
"International growth funds are being available in, which reveals clear indications of maturity of the community The ability of the UAE and regional federal governments to draw in talent; their innovation-first approach, abundance of capital here in addition to inflow worldwide are the essential foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the number of handle the highest worths, with 250 "biggest ticket size" deals taped in 2025 in the country.
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