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Verifying the development of AI in the area, a report released by PwC earlier this month said that the usage of AI among the labor force in the Middle East continues to increase, with 75 percent of workers in the area using it in their jobs over the previous 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 nation are all set to deploy AI responsibly, well above the 76 percent international standard, supported by the Kingdom's information governance environment, including nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area attractive, including having more practical laws to permit experimentation and development," stated the report.
Leading magnate, policymakers and financiers from the GCC and Latin America recently explored how countries from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 local and international policymakers, heads of state, CEOs, magnate, investors, and industry experts went to the very first Global Company 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 items from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers stated. Both regions depend on each other for necessary items.
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 added. Brazil is without a doubt the biggest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for cars and Chile for wood products, stated a declaration.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how companies can benefit from the altering patterns of global 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 functioning as an info and research study centre, by providing company documents, using legal services, assisting in networking opportunities via signature service events and delivering almost every conceivable company option, it mentioned.
GCC growth will enhance in 2026, led by faster growth in hydrocarbons; non-oil growth will stay strong however slow a little. Non-oil activity will be supported by population development, brand-new markets, and public investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector growth will speed up, offsetting in part lower oil rates; fiscal balances will be blended, with surpluses in UAE and Qatar, but deficits persist elsewhere.
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 federal government policies bring in funds and skill, stated organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Appear Like", speakers concurred that the emerging local investment landscape appears appealing.
Responding to a question on regional startups' prospects of benefiting from recent financial investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have so much choosing us in the area: the low expense of energy, an extremely progressive government that is ahead in policy, guideline and information personal privacy; and really strong universities that are significantly taking a look at AI and ending up technical skill in AI."She added: "Our supreme objective is to see this area, specifically the GCC, become an AI superpower.
Our greatest driver right now is investing in skill, since in the AI race, it's the technical skill that actually wins.
"International growth funds are coming in, which reveals clear indications of maturity of the ecosystem The capability of the UAE and regional federal governments to draw in talent; their innovation-first approach, abundance of capital here along with inflow internationally are the essential foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of handle the highest worths, with 250 "largest ticket size" offers taped in 2025 in the nation.
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