All Categories
Featured
Table of Contents
Verifying the growth of AI in the area, a report released by PwC previously this month said that the use of AI amongst the labor force in the Middle East continues to rise, with 75 percent of workers in the area using it in their tasks over the past 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 country are prepared to deploy AI properly, well above the 76 percent global standard, supported by the Kingdom's data governance environment, consisting of national 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 growth," stated the report.
Top organization leaders, policymakers and investors from the GCC and Latin America recently explored how countries from the two regions can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, presidents, CEOs, magnate, financiers, and industry professionals went to the very first Global Service 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 declaration from organisers said. Both regions rely on each other for vital items.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it included. 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 depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, said a declaration.
The online forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how companies can benefit from the altering patterns of global need and what role Dubai can play in facilitating the next step in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but globally too, by functioning as an information and research study centre, by supplying business documentation, using legal services, assisting in networking chances via signature business occasions and delivering almost every conceivable organization service, it stated.
GCC growth will strengthen in 2026, led by faster growth in hydrocarbons; non-oil development will remain strong but slow somewhat. Non-oil activity will be supported by population growth, new markets, and public financial investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector development will speed up, balancing out in part lower oil costs; financial balances will be blended, with surpluses in UAE and Qatar, however deficits persist in other places.
SHARJAH (WAM) The GCC and wider Middle East area is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies bring in funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Venture Capital Appear Like", speakers concurred that the emerging regional financial investment landscape appears appealing.
The Ultimate Strategy for Getting Into Emerging Saudi HubsResponding to a question on regional start-ups' potential customers of taking advantage of recent financial investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have so much going for us in the area: the low expense of energy, a really progressive federal government that is ahead in policy, guideline and data personal privacy; and actually strong universities that are significantly looking at AI and turning out technical talent in AI."She included: "Our ultimate objective is to see this region, specifically the GCC, become an AI superpower.
Our biggest motorist right now is investing in skill, since in the AI race, it's the technical talent that really wins.
"International growth funds are can be found in, which reveals clear indications of maturity of the environment The capability of the UAE and regional federal governments to bring in skill; their innovation-first approach, abundance of capital here as well as inflow globally are the key structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of handle the highest worths, with 250 "biggest ticket size" offers recorded in 2025 in the country.
Latest Posts
Long-Term Regional Industrial Growth Patterns for 2026
Connecting Policy and Business Excellence Across the Gulf
How Does Business Excellence Crucial for Future Expansion?