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Verifying the growth of AI in the area, a report launched by PwC earlier this month stated that the use of AI amongst the workforce in the Middle East continues to rise, with 75 percent of staff members in the region utilizing it in their jobs over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress 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 data governance community, including national efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the region appealing, consisting of having more practical laws to permit experimentation and growth," stated the report.
Top magnate, policymakers and financiers from the GCC and Latin America 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, magnate, investors, and market specialists participated in the first Global Service 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 said. Both regions count on each other for important items.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it included. Brazil is by far the biggest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, stated a statement.
The forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how businesses can take advantage of the altering patterns of worldwide need and what role Dubai can play in assisting in the next step in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however globally too, by functioning as an information and research study centre, by providing business documents, providing legal services, facilitating networking chances by means of signature business occasions and delivering nearly every conceivable organization service, it specified.
GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong but sluggish a little. Non-oil activity will be supported by population growth, brand-new industries, and public investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector growth will accelerate, offsetting in part lower oil rates; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits persist in other places.
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 bring in funds and skill, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the very first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging regional financial investment landscape appears appealing.
Reacting to a concern on regional start-ups' prospects of taking advantage of current financial investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have so much opting for us in the region: the low expense of energy, a really progressive government that is ahead in policy, guideline and data privacy; and truly strong universities that are increasingly looking at AI and turning out technical talent in AI."She included: "Our supreme goal is to see this area, specifically the GCC, end up being 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 skill that really wins."Concentrating on the appearance of the area for investors, Christos Mastoras, Creator and Managing Partner of Iliad Partners, stated: "I think we are very fortunate to onboard the three biggest banks of Greece as LPs [Limited Partners] for investment in the region.
"International development funds are can be found in, which shows clear signs of maturity of the community The capability of the UAE and local governments to bring in skill; their innovation-first method, abundance of capital here in addition to inflow globally are the crucial building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of handle the greatest values, with 250 "biggest ticket size" offers recorded in 2025 in the nation.
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