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Affirming the growth of AI in the region, a report launched by PwC previously this month said that the use of AI among the labor force in the Middle East continues to increase, with 75 percent of workers in the region utilizing it in their tasks over the previous 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the country are all set to release AI responsibly, well above the 76 percent international benchmark, supported by the Kingdom's information governance environment, consisting of nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the area appealing, consisting of having more practical laws to permit experimentation and development," stated the report.
Leading company leaders, policymakers and investors from the GCC and Latin America just recently checked out how countries from the two regions can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, company leaders, investors, and market experts participated in the first Global Service Online 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 declaration from organisers stated. Both areas rely on each other for vital items.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the region's total sugar imports, it included. Brazil is without a doubt the largest 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 lorries and Chile for wood items, stated a statement.
The online forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how organizations can take advantage of the altering patterns of worldwide need and what function Dubai can play in helping with the next step in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but internationally too, by serving as a details and research centre, by supplying organization documents, providing legal services, assisting in networking opportunities through signature business occasions and delivering nearly every possible company option, it mentioned.
GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will remain strong however sluggish slightly. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector development will accelerate, balancing out in part lower oil rates; fiscal balances will be mixed, with surpluses in UAE and Qatar, however deficits continue in other places.
SHARJAH (WAM) The GCC and broader Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies drawing in 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 taking a look at "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging local financial investment landscape appears promising.
Browsing the Legal Subtleties of Qatar's Private Sector DevelopmentReacting to a question on regional startups' prospects of taking advantage of recent financial investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have a lot going for us in the region: the low cost of energy, a very progressive government that is ahead in policy, policy and data privacy; and actually strong universities that are increasingly looking at AI and ending up technical talent in AI."She added: "Our supreme goal is to see this region, specifically the GCC, become an AI superpower.
Our most significant driver 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 shows clear indications of maturity of the ecosystem The ability of the UAE and regional governments to draw in skill; their innovation-first method, abundance of capital here in addition to inflow globally are the crucial structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of handle the greatest values, with 250 "largest ticket size" deals taped in 2025 in the nation.
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