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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 among the workforce in the Middle East continues to rise, with 75 percent of staff members in the area utilizing it in their jobs over the previous 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 all set 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 attractive, consisting of having more pragmatic laws to permit experimentation and development," stated the report.
Leading magnate, 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 local and international policymakers, presidents, CEOs, magnate, financiers, and industry experts attended the very first Global Organization 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 essential products.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the area's total sugar imports, it added. Brazil is by far the largest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for cars and Chile for wood items, said a declaration.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how services can take advantage of the altering patterns of international 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 however internationally too, by serving as an information and research centre, by providing business documentation, using legal services, helping with networking opportunities by means of signature company events and delivering practically every possible service option, it specified.
GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will stay solid but sluggish somewhat. Non-oil activity will be supported by population growth, brand-new industries, and public financial investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector development will speed up, balancing out in part lower oil costs; financial balances will be blended, with surpluses in UAE and Qatar, however deficits persist somewhere else.
SHARJAH (WAM) The GCC and broader Middle East region 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 talent, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During 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 regional financial investment landscape appears promising.
Accelerating Dubai Industrial Growth StrategiesReacting to a concern on local start-ups' potential customers of gaining from recent financial investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have so much choosing us in the area: the low cost of energy, a really progressive federal government that is ahead in policy, regulation and data personal privacy; and actually strong universities that are increasingly looking at AI and ending up technical skill in AI."She added: "Our supreme goal is to see this region, specifically the GCC, end up being an AI superpower.
Our greatest chauffeur today is investing in talent, since in the AI race, it's the technical talent that really wins."Focusing on the attractiveness of the area for investors, Christos Mastoras, Founder and Managing Partner of Iliad Partners, stated: "I believe we are very fortunate to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for investment in the area.
"International development funds are can be found in, which shows clear indications of maturity of the community The capability of the UAE and regional governments to draw in skill; their innovation-first approach, 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 handle the greatest worths, with 250 "largest ticket size" offers tape-recorded in 2025 in the country.
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