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Verifying the growth of AI in the region, a report released by PwC earlier this month stated that the use of AI among the workforce in the Middle East continues to rise, with 75 percent of staff members in the region using it in their tasks over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the country are ready to release AI responsibly, well above the 76 percent worldwide criteria, supported by the Kingdom's data governance ecosystem, consisting of nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the region appealing, consisting of having more practical laws to permit experimentation and development," said the report.
Leading Operational Change for Modern GCCLeading company leaders, policymakers and financiers from the GCC and Latin America recently explored how countries from the two regions can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, magnate, financiers, and market experts attended the 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 statement from organisers said. Both areas rely on each other for important products.
In 2015 Latin America provided nearly 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. Amongst the Latin American states, the GCC counts on Brazil for meat (generally poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, said a declaration.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how businesses can benefit from the changing patterns of global demand and what function Dubai can play in assisting in the next action in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however worldwide too, by serving as an info and research centre, by providing company documentation, using legal services, facilitating networking chances via signature organization occasions and delivering nearly every imaginable service option, it mentioned.
GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil development will stay strong however sluggish slightly. Non-oil activity will be supported by population development, brand-new industries, and public financial investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector growth will accelerate, balancing out in part lower oil rates; fiscal balances will be combined, with surpluses in UAE and Qatar, but 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 drawing in funds and skill, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion 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 investment landscape appears promising.
Leading Operational Change for Modern GCCReacting to a question on local start-ups' potential customers of taking advantage of recent investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have a lot opting for us in the area: the low expense of energy, a very progressive federal government that is ahead in policy, guideline and information personal privacy; and really strong universities that are increasingly looking at AI and turning out technical talent in AI."She included: "Our supreme objective is to see this region, particularly the GCC, end up being an AI superpower.
Our most significant motorist right now is investing in skill, because in the AI race, it's the technical skill that really wins.
"International growth funds are coming in, which reveals clear signs of maturity of the community The capability of the UAE and regional governments to bring in talent; their innovation-first approach, abundance of capital here as well as inflow internationally are the essential building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of deals with the greatest values, with 250 "biggest ticket size" offers taped in 2025 in the nation.
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