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Verifying the development of AI in the region, a report released by PwC previously this month stated that the usage of AI amongst the workforce in the Middle East continues to rise, with 75 percent of employees in the area utilizing it in their tasks over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the technology sector and stated that 84 percent of CEOs in the country are all set to release AI responsibly, well above the 76 percent worldwide criteria, supported by the Kingdom's information governance community, consisting of nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area attractive, consisting of having more practical laws to enable for experimentation and growth," stated the report.
Leading business leaders, policymakers and financiers from the GCC and Latin America recently checked out how countries from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, presidents, CEOs, magnate, financiers, and industry specialists participated in 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 items from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers said. Both regions depend on each other for essential products.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent of the region's overall sugar imports, it included. Brazil is without a doubt the largest trading partner for countries in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, said a declaration.
The forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how businesses can benefit from the altering patterns of worldwide need and what role Dubai can play in facilitating the next step in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but globally too, by serving as an information and research centre, by providing service documentation, using legal services, facilitating networking opportunities by means of signature company events and delivering nearly every imaginable business service, it stated.
GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain solid but sluggish slightly. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector growth will speed up, balancing out in part lower oil prices; financial 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 investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies attracting 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 Appear Like", speakers concurred that the emerging local investment landscape appears appealing.
How to Pivot Your Service In the middle of Qatar's Legal ReformsReacting to a concern on local start-ups' potential customers of gaining from recent financial investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have a lot opting for us in the region: the low cost of energy, a really progressive government that is ahead in policy, regulation and information personal privacy; and really strong universities that are significantly looking at AI and ending up technical skill in AI."She included: "Our ultimate goal is to see this area, particularly 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 actually wins.
"International growth funds are being available in, which shows clear signs of maturity of the ecosystem The capability of the UAE and regional federal governments to draw in skill; their innovation-first technique, abundance of capital here in addition to inflow worldwide are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of handle the greatest worths, with 250 "largest ticket size" offers recorded in 2025 in the country.
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