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Verifying the development of AI in the area, a report launched by PwC earlier this month said that the usage of AI among the workforce in the Middle East continues to rise, with 75 percent of staff members in the area utilizing it in their tasks over the past 12 months.
In November, a report released 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 release AI properly, well above the 76 percent international benchmark, supported by the Kingdom's information governance environment, including national efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area appealing, consisting of having more practical laws to enable experimentation and development," stated the report.
Top magnate, policymakers and investors from the GCC and Latin America just recently checked out how countries from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, magnate, financiers, and market specialists attended the very first Global Business 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 products from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both areas count on each other for important products.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it added. Brazil is without a doubt 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 (primarily poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, stated a statement.
The forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how businesses can take advantage of the altering patterns of worldwide need and what role Dubai can play in helping with the next action in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but globally too, by functioning as a details and research study centre, by offering company paperwork, using legal services, assisting in networking opportunities via signature service events and providing nearly every imaginable organization option, it mentioned.
GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain solid however sluggish somewhat. Non-oil activity will be supported by population development, new industries, and public investment; inflation will remain soft, while monetary policy will loosen up. Hydrocarbons sector growth will speed up, balancing out in part lower oil costs; financial balances will be blended, with surpluses in UAE and Qatar, but deficits persist elsewhere.
SHARJAH (WAM) The GCC and larger Middle East area is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies attracting funds and skill, stated business leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging local financial investment landscape appears promising.
Reacting to a concern on regional startups' potential customers of taking advantage of current financial investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have a lot opting for us in the area: the low expense of energy, a very progressive government that is ahead in policy, policy and information privacy; and really strong universities that are significantly looking at AI and ending up technical talent in AI."She included: "Our ultimate goal is to see this area, particularly the GCC, end up being an AI superpower.
Our most significant driver right now is investing in skill, due to the fact that in the AI race, it's the technical talent that actually wins.
"International growth funds are being available in, which reveals clear indications of maturity of the community The ability of the UAE and local federal governments to draw in talent; their innovation-first method, abundance of capital here along with inflow internationally are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of handle the highest worths, with 250 "biggest ticket size" deals taped in 2025 in the country.
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