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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 among the workforce in the Middle East continues to rise, with 75 percent of employees in the region using 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 country are ready to deploy AI responsibly, well above the 76 percent international standard, supported by the Kingdom's information governance community, including national efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the region appealing, including having more pragmatic laws to enable experimentation and development," stated the report.
Evaluating Legacy Systems and 2026 Economic FrameworksTop business leaders, policymakers and investors from the GCC and Latin America recently explored how countries from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, magnate, financiers, and market professionals attended the very first Global Company Online 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 area were $5.6 billion, a declaration from organisers stated. Both areas depend on each other for necessary items.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it added. Brazil is without a doubt the largest trading partner for nations in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, said a statement.
The online forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how businesses can benefit from the altering patterns of global need and what role Dubai can play in assisting in the next action in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but internationally too, by serving as an information and research centre, by providing company paperwork, offering legal services, assisting in networking chances via signature service events and delivering almost every possible business option, it mentioned.
GCC development will enhance in 2026, led by faster expansion in hydrocarbons; non-oil development will remain strong however sluggish a little. Non-oil activity will be supported by population growth, brand-new industries, and public investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector development will accelerate, balancing out in part lower oil costs; fiscal balances will be blended, with surpluses in UAE and Qatar, but 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 drawing in funds and skill, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the very first day of SEF 2026 analyzing "What Does the Next Year of Endeavor Capital Look Like", speakers concurred that the emerging local financial investment landscape appears appealing.
Evaluating Legacy Systems and 2026 Economic FrameworksReacting to a question on regional start-ups' prospects of benefiting from recent investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have a lot choosing us in the region: the low expense of energy, an extremely progressive federal government that is ahead in policy, guideline and data personal privacy; and really strong universities that are progressively taking a look at AI and ending up technical skill in AI."She included: "Our ultimate goal is to see this region, specifically the GCC, end up being an AI superpower.
Our greatest motorist right now is investing in talent, due to the fact that in the AI race, it's the technical skill that truly wins.
"International growth funds are coming in, which shows clear indications of maturity of the environment The ability of the UAE and regional governments to bring in talent; their innovation-first method, abundance of capital here along with inflow worldwide are the essential building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of handle the highest worths, with 250 "largest ticket size" deals taped in 2025 in the nation.
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