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Verifying the development of AI in the region, a report launched by PwC previously this month stated that the use of AI among the workforce in the Middle East continues to increase, with 75 percent of workers in the area utilizing it in their jobs over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the technology sector and stated that 84 percent of CEOs in the nation are all set to release AI properly, 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 Expert System Authority.
Policymakers are thinking holistically about how to make the region appealing, consisting of having more pragmatic laws to permit experimentation and development," stated the report.
Leading magnate, policymakers and financiers from the GCC and Latin America recently checked out how nations from the two areas can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, magnate, financiers, and industry experts went to the first Global Service 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 items from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers said. Both areas depend on each other for necessary items.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent 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. Among the Latin American states, the GCC relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, stated a statement.
The forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how businesses can gain from the changing patterns of global demand and what role Dubai can play in facilitating the next action in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but globally too, by functioning as an info and research study centre, by providing organization documents, providing legal services, helping with networking opportunities through signature service occasions and providing almost every conceivable company solution, it specified.
GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will remain solid but sluggish slightly. Non-oil activity will be supported by population growth, new markets, and public investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector development will accelerate, offsetting in part lower oil rates; fiscal balances will be mixed, with surpluses in UAE and Qatar, but deficits continue 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 government policies bring in funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the very first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Look Like", speakers agreed that the emerging regional financial investment landscape appears promising.
Essential Strategies for Driving Regional Sector GrowthReacting to a concern on local start-ups' prospects of benefiting from current financial investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have a lot going for us in the region: the low expense of energy, a really progressive government that is ahead in policy, regulation and information privacy; and really strong universities that are significantly looking at AI and turning out technical talent in AI."She added: "Our ultimate objective is to see this area, specifically the GCC, become an AI superpower.
Our greatest chauffeur right now is investing in skill, because in the AI race, it's the technical skill that truly wins.
"International growth funds are coming in, which reveals clear signs of maturity of the community The capability of the UAE and local governments to draw in skill; their innovation-first approach, abundance of capital here in addition to inflow worldwide are the key building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of deals with the highest worths, with 250 "biggest ticket size" offers tape-recorded in 2025 in the country.
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