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Affirming the growth of AI in the area, a report launched by PwC earlier this month stated that the usage of AI among the workforce in the Middle East continues to rise, with 75 percent of employees in the area 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 stated that 84 percent of CEOs in the nation are all set to deploy AI responsibly, well above the 76 percent international benchmark, supported by the Kingdom's information governance environment, including nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the region appealing, including having more practical laws to enable experimentation and development," said the report.
Key Benefits of Strategic Excellence for the GCCLeading business leaders, policymakers and investors from the GCC and Latin America recently checked out how nations from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, heads of state, CEOs, magnate, financiers, and industry professionals participated in the first Global Business 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 region were $5.6 billion, a statement from organisers said. Both areas count on each other for vital items.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it added. 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 depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for cars and Chile for wood products, said a statement.
The online forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how organizations can gain from the altering patterns of international need and what function Dubai can play in assisting in the next action in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by functioning as an information and research study centre, by offering organization paperwork, using legal services, facilitating networking opportunities through signature business events and delivering nearly every possible organization solution, it mentioned.
GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil development will remain solid however sluggish slightly. Non-oil activity will be supported by population growth, new markets, and public financial investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector development will accelerate, offsetting in part lower oil prices; financial balances will be mixed, with surpluses in UAE and Qatar, but deficits continue in other places.
SHARJAH (WAM) The GCC and larger 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 drawing in funds and skill, stated business leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 examining "What Does the Next Year of Endeavor Capital Appear Like", speakers concurred that the emerging local investment landscape appears appealing.
Responding to a concern on regional start-ups' potential customers of taking advantage of recent financial investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have a lot going for us in the region: the low cost of energy, a really progressive government that is ahead in policy, policy and information privacy; and truly strong academic institutions that are progressively looking at AI and ending up technical talent in AI."She included: "Our ultimate objective is to see this region, specifically the GCC, end up being an AI superpower.
Our greatest driver right now is investing in talent, since in the AI race, it's the technical skill that truly wins.
"International development funds are coming in, which shows clear signs of maturity of the ecosystem The ability of the UAE and regional governments to attract skill; their innovation-first method, abundance of capital here along with inflow worldwide are the essential structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of handle the highest worths, with 250 "biggest ticket size" deals recorded in 2025 in the country.
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