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Verifying the development of AI in the region, a report launched by PwC earlier this month said that the use of AI among the labor force in the Middle East continues to increase, with 75 percent of employees in the region using it in their jobs over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the innovation sector and said that 84 percent of CEOs in the country are prepared to deploy AI responsibly, well above the 76 percent international criteria, supported by the Kingdom's data governance community, including national 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 pragmatic laws to permit experimentation and growth," stated the report.
Moving Your Back Workplace to a High-Performance Gulf CenterTop magnate, policymakers and financiers from the GCC and Latin America recently explored how countries from the two regions can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, heads of state, CEOs, magnate, financiers, and industry experts attended the first Global Service 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 products 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 products.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the area's total sugar imports, it included. Brazil is without a doubt the largest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (generally poultry), Argentina for cereals, Mexico for vehicles and Chile for wood products, stated a statement.
The online forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how businesses can benefit from the changing patterns of worldwide demand and what function Dubai can play in assisting in the next action in company relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by acting as a details and research study centre, by offering service documentation, using legal services, helping with networking chances by means of signature organization events and delivering almost every conceivable company option, it stated.
GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil development will remain strong but sluggish slightly. Non-oil activity will be supported by population development, new markets, and public investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector growth 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 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 talent, stated business 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 Endeavor Capital Look Like", speakers concurred that the emerging regional investment landscape appears promising.
How Regional Partnerships Secure Your Saudi Market EntryReacting to a question on regional startups' potential customers of benefiting from recent investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have a lot choosing us in the region: the low expense of energy, an extremely progressive government that is ahead in policy, regulation and information privacy; and truly strong instructional organizations that are progressively taking a look 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 most significant driver today is buying skill, because in the AI race, it's the technical talent that actually wins."Concentrating on the appearance of the area for investors, Christos Mastoras, Founder and Handling Partner of Iliad Partners, said: "I think we are really lucky to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for investment in the area.
"International development funds are can be found in, which shows clear signs of maturity of the environment The capability of the UAE and regional governments to bring in skill; their innovation-first technique, abundance of capital here as well as inflow globally are the essential foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of offers with the greatest worths, with 250 "biggest ticket size" deals taped in 2025 in the country.
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