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Verifying the growth of AI in the area, a report launched by PwC previously this month stated that the use of AI among the workforce in the Middle East continues to rise, with 75 percent of staff members in the area using it in their tasks over the previous 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's development in the innovation sector and said that 84 percent of CEOs in the country are all set to deploy AI responsibly, well above the 76 percent global standard, supported by the Kingdom's information governance environment, including national efforts led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the area attractive, consisting of having more pragmatic laws to allow for experimentation and development," said the report.
Leading company leaders, policymakers and financiers from the GCC and Latin America just recently explored how countries from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 local and worldwide policymakers, presidents, CEOs, organization leaders, financiers, and industry professionals participated in the very 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 items from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers stated. Both areas rely on each other for important products.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it included. Brazil is by far the largest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for vehicles and Chile for wood products, stated a declaration.
The forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how companies can gain from the altering patterns of global need and what function 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 globally too, by functioning as a details and research centre, by providing organization paperwork, providing legal services, assisting in networking opportunities via signature business events and delivering almost every imaginable company option, it stated.
GCC growth will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay strong however sluggish a little. Non-oil activity will be supported by population growth, brand-new industries, and public financial investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector growth will accelerate, offsetting in part lower oil prices; financial balances will be combined, with surpluses in UAE and Qatar, however deficits persist elsewhere.
SHARJAH (WAM) The GCC and broader Middle East region 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, stated company leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the very first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Appear Like", speakers concurred that the emerging regional investment landscape appears appealing.
Handling Legal Uncertainty in Emerging Middle East MarketsReacting to a concern on local startups' potential customers of taking advantage of current financial investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have a lot going for us in the area: the low cost of energy, an extremely progressive government that is ahead in policy, regulation and data privacy; and actually strong educational organizations that are increasingly looking at AI and ending up technical skill in AI."She included: "Our ultimate goal is to see this region, particularly the GCC, end up being an AI superpower.
Our greatest chauffeur right now is investing in skill, due to the fact that in the AI race, it's the technical talent that truly wins.
"International growth funds are can be found in, which reveals clear signs of maturity of the community The capability of the UAE and regional federal governments to bring in talent; their innovation-first technique, abundance of capital here in addition to inflow globally are the essential foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of offers with the highest values, with 250 "biggest ticket size" deals tape-recorded in 2025 in the country.
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