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Verifying the growth of AI in the region, a report released by PwC earlier this month said that the use of AI among the labor force in the Middle East continues to rise, with 75 percent of employees in the region using it in their jobs over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and said that 84 percent of CEOs in the nation are prepared to deploy AI responsibly, well above the 76 percent global standard, supported by the Kingdom's data governance ecosystem, consisting of national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the region attractive, consisting of having more practical laws to permit for experimentation and growth," said the report.
Driving Continuous Improvement Through Gulf Shared ProvidersTop magnate, policymakers and financiers from the GCC and Latin America just recently explored how countries from the two regions can grow trade between each other in Dubai, UAE.More than 500 local and global policymakers, heads of state, CEOs, business leaders, investors, and market experts participated in the first Global Company 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 items from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both areas depend on each other for essential items.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it included. Brazil is by far the largest trading partner for countries in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, said a declaration.
The forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how organizations can benefit from the changing patterns of worldwide demand and what function Dubai can play in assisting in the next step in company 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 study centre, by offering company documentation, providing legal services, helping with networking opportunities through signature business occasions and delivering nearly every imaginable organization solution, it specified.
GCC growth will enhance in 2026, led by faster growth in hydrocarbons; non-oil growth will remain strong however sluggish slightly. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector growth will speed up, offsetting in part lower oil costs; financial balances will be mixed, with surpluses in UAE and Qatar, however deficits continue in other places.
SHARJAH (WAM) The GCC and larger Middle East area 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 talent, said organization leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Venture Capital Appear Like", speakers agreed that the emerging regional financial investment landscape appears appealing.
Responding to a question on regional start-ups' prospects of gaining from recent investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have so much opting for us in the region: the low cost of energy, a very progressive government that is ahead in policy, guideline and data personal privacy; and really strong universities that are progressively looking at AI and turning out technical talent in AI."She added: "Our ultimate objective is to see this area, specifically the GCC, become an AI superpower.
Our greatest driver right now is investing in talent, due to the fact that in the AI race, it's the technical talent that actually wins."Concentrating on the beauty of the area for investors, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I believe we are really fortunate to onboard the three biggest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International growth funds are being available in, which shows clear indications of maturity of the community The capability of the UAE and regional federal governments to bring in skill; their innovation-first method, abundance of capital here along with inflow internationally are the key structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of offers with the highest worths, with 250 "biggest ticket size" deals recorded in 2025 in the nation.
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