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Affirming the development of AI in the region, a report released by PwC previously this month said that the usage of AI among the workforce in the Middle East continues to increase, with 75 percent of workers in the area using it in their tasks over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the technology sector and stated 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 data governance ecosystem, consisting of nationwide 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 practical laws to enable for experimentation and growth," said the report.
How Data Shapes GCC Corporate VisionTop magnate, policymakers and investors from the GCC and Latin America just recently checked out how countries from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, company leaders, investors, and industry experts attended the very 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 items from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers stated. Both regions depend 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 region's total sugar imports, it added. Brazil is by far the biggest trading partner for countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, stated a declaration.
The online forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how companies can take advantage of the altering patterns of worldwide need and what role Dubai can play in assisting in the next action in organization relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but internationally too, by functioning as a details and research centre, by supplying company documentation, using legal services, assisting in networking opportunities through signature service occasions and providing nearly every imaginable organization option, it stated.
GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain solid however slow somewhat. Non-oil activity will be supported by population development, brand-new industries, and public investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector development will speed up, offsetting in part lower oil costs; fiscal balances will be combined, with surpluses in UAE and Qatar, however deficits persist somewhere else.
SHARJAH (WAM) The GCC and larger 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, stated business leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Look Like", speakers concurred that the emerging local investment landscape appears promising.
Reacting to a question on local startups' potential customers of taking advantage of recent financial investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have a lot opting for us in the area: the low expense of energy, an extremely progressive federal government that is ahead in policy, guideline and data privacy; and truly strong educational institutions that are significantly looking at AI and turning out technical talent in AI."She included: "Our supreme objective is to see this area, specifically the GCC, become an AI superpower.
Our most significant motorist right now is investing in skill, because in the AI race, it's the technical talent that truly wins.
"International development funds are being available in, which shows clear signs of maturity of the ecosystem The capability of the UAE and local governments to bring in talent; their innovation-first technique, abundance of capital here in addition to inflow worldwide are the essential structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of handle the highest worths, with 250 "biggest ticket size" deals tape-recorded in 2025 in the country.
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