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Verifying the growth of AI in the area, a report launched by PwC earlier this month stated that the use of AI amongst the labor force in the Middle East continues to rise, with 75 percent of employees in the region using it in their tasks over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the nation are ready to release AI responsibly, well above the 76 percent global benchmark, supported by the Kingdom's information governance environment, including national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the area appealing, including having more practical laws to allow for experimentation and development," stated the report.
Leading organization leaders, policymakers and financiers from the GCC and Latin America just recently explored how nations from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 local and global policymakers, heads of state, CEOs, magnate, investors, and industry professionals participated in the first Global Organization 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 goods from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers said. Both areas rely on each other for important products.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it included. Brazil is by far 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 (generally poultry), Argentina for cereals, Mexico for cars and Chile for wood items, stated a declaration.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how businesses can benefit from the changing patterns of international demand and what role Dubai can play in assisting in the next action in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but globally too, by serving as a details and research centre, by supplying organization documentation, using legal services, assisting in networking opportunities by means of signature service occasions and delivering almost every conceivable company option, it specified.
GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will remain strong however slow a little. Non-oil activity will be supported by population development, new markets, and public financial investment; inflation will remain soft, while monetary policy will loosen up. Hydrocarbons sector development will accelerate, balancing out in part lower oil prices; financial balances will be blended, with surpluses in UAE and Qatar, but deficits persist somewhere else.
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 federal government policies attracting funds and talent, said business leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the 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 financial investment landscape appears appealing.
Why Riyadh Is Ending Up Being the Ultimate Middle East Company LocationReacting to a question on local startups' potential customers of taking advantage of recent investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have so much choosing us in the region: the low cost of energy, an extremely progressive government that is ahead in policy, guideline and information privacy; and truly strong educational institutions that are significantly looking at AI and ending up technical talent in AI."She added: "Our ultimate goal is to see this region, particularly the GCC, end up being an AI superpower.
Our biggest chauffeur right now is purchasing talent, because in the AI race, it's the technical talent that really wins."Focusing on the attractiveness of the area for financiers, Christos Mastoras, Creator and Handling Partner of Iliad Partners, stated: "I believe we are really lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for investment in the region.
"International development funds are can be found in, which shows clear signs of maturity of the community The ability of the UAE and local governments to bring in skill; their innovation-first technique, 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 number of deals with the highest worths, with 250 "largest ticket size" deals recorded in 2025 in the nation.
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