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Affirming the development of AI in the region, a report launched by PwC previously this month said that the usage of AI amongst the labor force in the Middle East continues to rise, with 75 percent of employees in the area utilizing it in their jobs over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the innovation sector and stated that 84 percent of CEOs in the nation are prepared to release AI responsibly, well above the 76 percent worldwide criteria, supported by the Kingdom's data governance environment, including national efforts led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the region attractive, including having more pragmatic laws to enable experimentation and growth," said the report.
Top magnate, policymakers and financiers from the GCC and Latin America recently checked out how nations from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 local and worldwide policymakers, presidents, CEOs, magnate, investors, and industry professionals went to 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 area were $5.6 billion, a declaration from organisers stated. Both regions rely on each other for essential products.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the area's total sugar imports, it added. Brazil is without a doubt the largest trading partner for countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, stated a statement.
The online forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how organizations can gain from the altering patterns of international need and what role Dubai can play in facilitating the next action in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but internationally too, by serving as an info and research centre, by providing organization documentation, offering legal services, helping with networking chances through signature business events and providing nearly every possible business solution, it mentioned.
GCC development will enhance in 2026, led by faster expansion in hydrocarbons; non-oil development will remain solid however slow somewhat. Non-oil activity will be supported by population growth, brand-new industries, and public investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector development will accelerate, offsetting in part lower oil costs; financial balances will be mixed, with surpluses in UAE and Qatar, however deficits persist in other places.
SHARJAH (WAM) The GCC and wider Middle East region is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies attracting funds and skill, said service leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Appear Like", speakers concurred that the emerging regional financial investment landscape appears promising.
Connecting Policy and Operational Performance Across the GulfReacting to a question on regional start-ups' prospects of benefiting from recent investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have a lot choosing us in the region: the low expense of energy, a very progressive government that is ahead in policy, policy and data personal privacy; and actually strong academic organizations that are progressively taking a look at AI and ending up technical talent in AI."She included: "Our supreme objective is to see this region, specifically the GCC, become an AI superpower.
Our greatest chauffeur today is buying talent, because in the AI race, it's the technical talent that actually wins."Focusing on the beauty of the region for investors, Christos Mastoras, Creator and Handling Partner of Iliad Partners, said: "I think we are extremely fortunate to onboard the three largest banks of Greece as LPs [Limited Partners] for investment in the region.
"International development funds are being available in, which shows clear signs of maturity of the community The ability of the UAE and local federal governments to attract skill; their innovation-first method, abundance of capital here as well as inflow internationally are the essential structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of handle the highest values, with 250 "biggest ticket size" offers tape-recorded in 2025 in the nation.
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