All Categories
Featured
Table of Contents
Affirming the development of AI in the region, a report launched by PwC earlier this month stated that the use of AI amongst the workforce in the Middle East continues to increase, with 75 percent of workers in the region utilizing it in their tasks over the previous 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 all set to deploy AI responsibly, well above the 76 percent global benchmark, supported by the Kingdom's information governance ecosystem, including national initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the area attractive, including having more practical laws to enable experimentation and growth," said the report.
Top magnate, policymakers and investors from the GCC and Latin America recently explored how nations from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, service leaders, investors, and industry experts participated in the first Global Organization Online 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 products from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both areas rely on each other for necessary items.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the region's overall sugar imports, it added. Brazil is without a doubt the biggest trading partner for countries in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for vehicles and Chile for wood products, 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 worldwide demand and what function Dubai can play in assisting in the next action in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however worldwide too, by serving as a details and research study centre, by supplying business documentation, offering legal services, assisting in networking chances by means of signature business occasions and delivering almost every conceivable company service, it specified.
GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil development will remain strong however slow slightly. Non-oil activity will be supported by population growth, brand-new industries, and public financial investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector growth will accelerate, balancing out in part lower oil rates; fiscal balances will be combined, with surpluses in UAE and Qatar, however deficits continue in other places.
SHARJAH (WAM) The GCC and larger 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, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the first day of SEF 2026 taking a look at "What Does the Next Year of Endeavor Capital Look Like", speakers concurred that the emerging local financial investment landscape appears appealing.
Reacting to a question on local start-ups' potential customers of gaining from recent investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have so much opting for us in the region: the low cost of energy, a really progressive government that is ahead in policy, guideline and data personal privacy; and really strong universities that are significantly taking a look at AI and ending up technical talent in AI."She included: "Our supreme goal is to see this area, specifically the GCC, end up being an AI superpower.
Our biggest chauffeur right now is investing in talent, because in the AI race, it's the technical talent that actually wins.
"International development funds are coming in, which reveals clear indications of maturity of the ecosystem The capability of the UAE and regional federal governments to attract skill; their innovation-first approach, abundance of capital here along with inflow globally are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of deals with the greatest values, with 250 "largest ticket size" offers taped in 2025 in the nation.
Latest Posts
Emerging Future Shifts Shaping the 2026 GCC Market
Driving Dubai Industrial Growth through Strategy
How to Utilize Market Intelligence for Success
