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Verifying the development of AI in the area, a report launched by PwC previously this month stated that the usage of AI among the labor force in the Middle East continues to increase, with 75 percent of staff members in the region utilizing it in their jobs over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the country are prepared to release AI responsibly, well above the 76 percent international benchmark, supported by the Kingdom's information governance community, consisting of national efforts led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the area appealing, including having more practical laws to enable experimentation and development," stated the report.
Top magnate, policymakers and financiers from the GCC and Latin America just recently explored how countries from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 local and global policymakers, presidents, CEOs, business leaders, financiers, and industry professionals participated in the very first Global Service 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 items from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers said. Both regions depend on each other for necessary 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 added. Brazil is without a doubt the biggest trading partner for countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, said a declaration.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how companies can gain from the altering patterns of international need and what role Dubai can play in assisting in the next action in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by functioning as an information and research centre, by supplying organization documentation, providing legal services, facilitating networking chances through signature business occasions and providing almost every imaginable organization solution, it specified.
GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will stay solid but sluggish a little. Non-oil activity will be supported by population growth, brand-new industries, and public financial investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector development will accelerate, balancing out in part lower oil prices; fiscal balances will be combined, with surpluses in UAE and Qatar, however deficits continue somewhere else.
SHARJAH (WAM) The GCC and wider 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). Throughout a panel conversation on the first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging regional investment landscape appears appealing.
Accelerating Regional Manufacturing Growth StrategiesResponding to a question on regional start-ups' prospects of gaining from recent financial investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have so much going for us in the region: the low expense of energy, a very progressive government that is ahead in policy, policy and information personal privacy; and actually strong educational institutions that are significantly taking a look at AI and ending up technical skill in AI."She added: "Our ultimate objective is to see this area, particularly the GCC, become an AI superpower.
Our greatest motorist right now is buying talent, since in the AI race, it's the technical skill that really wins."Concentrating on the attractiveness of the area for investors, Christos Mastoras, Creator and Managing Partner of Iliad Partners, said: "I believe we are extremely fortunate to onboard the 3 largest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International growth funds are being available in, which reveals clear signs of maturity of the community The ability of the UAE and local governments to attract talent; their innovation-first method, abundance of capital here along with inflow globally are the key building 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 values, with 250 "biggest ticket size" offers recorded in 2025 in the nation.
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