All Categories
Featured
Table of Contents
Affirming the development of AI in the region, a report released by PwC previously this month said that the use of AI amongst the workforce in the Middle East continues to increase, with 75 percent of workers in the area using it in their jobs over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the innovation sector and stated that 84 percent of CEOs in the nation are prepared to release AI responsibly, well above the 76 percent worldwide benchmark, supported by the Kingdom's information governance community, consisting of nationwide efforts led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the region appealing, including having more pragmatic laws to enable experimentation and growth," stated the report.
Leading service leaders, policymakers and investors from the GCC and Latin America recently checked out how countries from the two regions can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, presidents, CEOs, magnate, investors, and industry experts went to the very first Global Organization 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 region were $5.6 billion, a statement from organisers stated. Both regions count on each other for important items.
In 2015 Latin America supplied 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 relies 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 theme "Shifting Synergies", checks out how companies can take advantage of the changing patterns of worldwide demand and what function Dubai can play in assisting in the next step in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by functioning as a details and research centre, by supplying business paperwork, providing legal services, facilitating networking opportunities by means of signature business occasions and providing practically every imaginable company service, it mentioned.
GCC development will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain solid however slow somewhat. Non-oil activity will be supported by population development, new industries, and public investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector development will accelerate, balancing out in part lower oil prices; financial balances will be mixed, 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 federal government policies attracting funds and skill, said business leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging local financial investment landscape appears appealing.
Reacting to a concern on regional startups' prospects of benefiting from current investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have a lot going for us in the region: the low cost of energy, a really progressive government that is ahead in policy, regulation and data personal privacy; and actually strong universities that are significantly looking 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 driver right now is investing in talent, because in the AI race, it's the technical skill that really wins.
"International growth funds are coming in, which shows clear signs of maturity of the community The capability of the UAE and local governments to attract skill; their innovation-first method, abundance of capital here as well as inflow globally are the crucial structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of handle the greatest values, with 250 "biggest ticket size" deals tape-recorded in 2025 in the country.
Latest Posts
Maximizing Industrial Growth Via Strategic Innovation
Evaluating Corporate Strategy Models within the GCC
Industrial Excellence: a Strategic Driver for 2026 Success
