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Affirming the growth 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 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 said that 84 percent of CEOs in the country are prepared to release AI responsibly, well above the 76 percent global standard, supported by the Kingdom's information governance community, including nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area attractive, including having more practical laws to permit experimentation and development," stated the report.
Analyzing the current Regulatory Patterns in Qatar and OmanTop magnate, policymakers and financiers from the GCC and Latin America recently checked out how nations from the two areas can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, business leaders, financiers, and market experts went to 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers stated. Both regions rely on each other for important items.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the area's total sugar imports, it included. Brazil is by far 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 lorries and Chile for wood items, said a statement.
The forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how services can take advantage of the changing patterns of worldwide demand and what role Dubai can play in assisting in the next action in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however worldwide too, by acting as an info and research study centre, by offering organization paperwork, offering legal services, facilitating networking opportunities through signature business events and delivering almost every possible business option, it mentioned.
GCC growth will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will remain solid however slow slightly. Non-oil activity will be supported by population growth, brand-new industries, and public investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector growth will speed up, offsetting in part lower oil rates; fiscal balances will be combined, with surpluses in UAE and Qatar, however deficits continue somewhere else.
SHARJAH (WAM) The GCC and broader 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 drawing in funds and skill, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Look Like", speakers concurred that the emerging local financial investment landscape appears promising.
Analyzing the current Regulatory Patterns in Qatar and OmanReacting to a concern on regional start-ups' prospects of benefiting from current financial investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have so much going for us in the area: the low expense of energy, an extremely progressive government that is ahead in policy, guideline and information privacy; and really strong instructional institutions that are significantly looking at AI and turning out technical skill in AI."She added: "Our ultimate objective is to see this area, particularly the GCC, become an AI superpower.
Our greatest driver right now is investing in skill, because in the AI race, it's the technical talent that truly wins.
"International growth funds are can be found in, which shows clear signs of maturity of the environment The capability of the UAE and regional federal governments to bring in skill; their innovation-first method, abundance of capital here in addition to inflow globally are the key structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of offers with the greatest worths, with 250 "biggest ticket size" offers recorded in 2025 in the nation.
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