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Affirming the growth of AI in the area, a report released by PwC previously this month said that the usage of AI among the workforce in the Middle East continues to rise, with 75 percent of employees in the region utilizing it in their tasks over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the nation are prepared to release AI responsibly, well above the 76 percent worldwide criteria, supported by the Kingdom's data governance ecosystem, consisting of nationwide initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the region attractive, consisting of having more practical laws to enable experimentation and growth," stated the report.
Leading organization leaders, policymakers and financiers from the GCC and Latin America just recently checked out how countries from the two areas can grow trade between each other in Dubai, UAE.More than 500 local and global policymakers, heads of state, CEOs, magnate, investors, and industry specialists went to the very first Global Company 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 goods from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers said. Both areas count on each other for necessary items.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent of the area's total sugar imports, it added. Brazil is by far the largest trading partner for countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, said a statement.
The forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how services can benefit from the altering patterns of international need and what role Dubai can play in helping with the next action in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however worldwide too, by acting as an information and research study centre, by offering company paperwork, offering legal services, facilitating networking chances by means of signature company events and providing practically every imaginable organization solution, it stated.
GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil development will remain strong but slow a little. Non-oil activity will be supported by population development, new markets, and public investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector development will speed up, offsetting in part lower oil costs; fiscal balances will be blended, 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 federal government policies drawing in funds and skill, said organization leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the very first day of SEF 2026 examining "What Does the Next Year of Venture Capital Appear Like", speakers concurred that the emerging local financial investment landscape appears appealing.
Comparing Conventional Contracting Out with New Hybrid ModelsReacting to a concern on regional start-ups' prospects of gaining from recent investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have so much opting for us in the region: the low expense of energy, a really progressive government that is ahead in policy, regulation and data privacy; and actually strong universities that are increasingly looking at AI and ending up technical talent in AI."She added: "Our ultimate objective is to see this area, particularly the GCC, become an AI superpower.
Our biggest chauffeur right now is investing in talent, because in the AI race, it's the technical talent that really wins.
"International growth funds are being available in, which reveals clear indications of maturity of the environment The capability of the UAE and local federal governments to draw in talent; their innovation-first technique, abundance of capital here along with inflow globally are the essential structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the number of offers with the highest worths, with 250 "biggest ticket size" offers tape-recorded in 2025 in the nation.
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