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Affirming the development of AI in the region, a report released by PwC previously this month said that the usage of AI amongst the workforce in the Middle East continues to rise, with 75 percent of workers in the area utilizing it in their jobs over the previous 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's development in the innovation sector and stated that 84 percent of CEOs in the nation are all set to release AI properly, well above the 76 percent global standard, supported by the Kingdom's data governance community, including nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the region appealing, consisting of having more practical laws to permit experimentation and growth," stated the report.
Top magnate, policymakers and financiers from the GCC and Latin America just recently checked out how countries from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, business leaders, financiers, and industry specialists attended the first Global Business 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 products from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers said. Both regions count on each other for essential products.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the area's total sugar imports, it included. Brazil is by far the biggest trading partner for countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, said a statement.
The online forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how companies can take advantage of the altering patterns of worldwide demand and what function Dubai can play in facilitating the next step in company relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however worldwide too, by functioning as an information and research study centre, by offering business documentation, providing legal services, facilitating networking opportunities through signature service occasions and providing almost every possible company solution, it stated.
GCC development will strengthen in 2026, led by faster growth in hydrocarbons; non-oil growth will stay strong however slow somewhat. Non-oil activity will be supported by population development, brand-new markets, and public financial investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector growth will speed up, balancing out in part lower oil costs; fiscal balances will be mixed, with surpluses in UAE and Qatar, but deficits continue in other places.
SHARJAH (WAM) The GCC and broader 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, stated business leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 taking a look at "What Does the Next Year of Endeavor Capital Appear Like", speakers concurred that the emerging regional financial investment landscape appears promising.
Driving Performance Through Advanced GBS Designs in the Middle EastReacting to a question on regional startups' potential customers of taking advantage of recent investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have a lot choosing us in the region: the low cost of energy, a very progressive federal government that is ahead in policy, policy and information personal privacy; and really strong educational organizations that are progressively taking a look at AI and turning out technical skill in AI."She included: "Our supreme objective is to see this region, specifically the GCC, end up being an AI superpower.
Our most significant chauffeur today is buying talent, because in the AI race, it's the technical skill that truly wins."Focusing on the beauty of the region for investors, Christos Mastoras, Founder and Handling Partner of Iliad Partners, stated: "I think we are extremely fortunate to onboard the three biggest banks of Greece as LPs [Limited Partners] for investment in the area.
"International development funds are coming in, which shows clear indications of maturity of the ecosystem The ability of the UAE and local federal governments to draw in talent; their innovation-first technique, abundance of capital here along with inflow worldwide are the crucial structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the number of deals with the greatest worths, with 250 "largest ticket size" deals recorded in 2025 in the nation.
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