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Verifying the growth of AI in the area, a report launched by PwC earlier this month stated that the usage of AI amongst the workforce in the Middle East continues to rise, with 75 percent of workers in the area using it in their tasks over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the technology sector and stated that 84 percent of CEOs in the nation are ready to release AI responsibly, well above the 76 percent international criteria, supported by the Kingdom's information governance ecosystem, 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 pragmatic laws to enable experimentation and development," said the report.
Bridging the Regulatory Space Between Qatar and OmanTop business leaders, policymakers and financiers from the GCC and Latin America just recently checked out how nations from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, heads of state, CEOs, magnate, investors, and industry experts went to 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 region were $5.6 billion, a statement from organisers said. Both regions rely on each other for essential items.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it added. Brazil is by far the biggest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, said a statement.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how businesses can benefit from the changing patterns of global need and what role Dubai can play in helping with the next action in service 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 business documentation, providing legal services, assisting in networking chances through signature company occasions and providing almost every imaginable service solution, it mentioned.
GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will remain strong but slow a little. Non-oil activity will be supported by population growth, brand-new industries, and public financial investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector development will accelerate, offsetting in part lower oil rates; fiscal balances will be blended, with surpluses in UAE and Qatar, however deficits continue somewhere else.
SHARJAH (WAM) The GCC and larger Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies attracting funds and skill, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the very first day of SEF 2026 taking a look at "What Does the Next Year of Endeavor Capital Appear Like", speakers agreed that the emerging local financial investment landscape appears promising.
Reacting to a question on regional start-ups' potential customers of taking advantage of current investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have a lot going for us in the region: the low expense of energy, an extremely progressive government that is ahead in policy, guideline and information privacy; and actually strong universities that are progressively taking a look at AI and turning out technical talent in AI."She included: "Our ultimate goal is to see this area, specifically the GCC, become an AI superpower.
Our greatest driver today is purchasing talent, because in the AI race, it's the technical talent that really wins."Focusing on the attractiveness of the region for investors, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I think we are really lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International development funds are coming in, which reveals clear indications of maturity of the ecosystem The capability of the UAE and regional governments to attract talent; their innovation-first technique, abundance of capital here as well as inflow worldwide are the essential building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of deals with the highest values, with 250 "largest ticket size" deals taped in 2025 in the country.
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