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Affirming the growth of AI in the area, a report released by PwC earlier this month said that the usage of AI among the workforce in the Middle East continues to rise, with 75 percent of staff members in the region using it in their tasks over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the innovation sector and said that 84 percent of CEOs in the nation are ready to deploy AI responsibly, well above the 76 percent worldwide criteria, supported by the Kingdom's data governance ecosystem, consisting of national efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area appealing, including having more pragmatic laws to permit experimentation and growth," stated the report.
Building Brand Authority in Saudi Arabia's New Economic ZonesLeading service leaders, policymakers and financiers from the GCC and Latin America just recently explored how countries from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 local and worldwide policymakers, presidents, CEOs, business leaders, financiers, and market professionals went to the first Global Service 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 items from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both regions count 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 included. Brazil is by far the largest trading partner for countries in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, said a declaration.
The forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how organizations can take advantage of the changing patterns of worldwide need and what function Dubai can play in assisting in the next step in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however globally too, by acting as an info and research study centre, by offering service paperwork, offering legal services, helping with networking opportunities via signature business events and delivering almost every possible company service, it mentioned.
GCC development will strengthen in 2026, led by faster growth in hydrocarbons; non-oil development will stay strong but sluggish somewhat. Non-oil activity will be supported by population growth, new industries, and public investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector development will speed up, offsetting in part lower oil costs; financial balances will be mixed, with surpluses in UAE and Qatar, however deficits persist somewhere else.
SHARJAH (WAM) The GCC and wider Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies bring in funds and talent, said organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Appear Like", speakers concurred that the emerging local financial investment landscape appears appealing.
Reacting to a concern on regional start-ups' potential customers of benefiting from current financial investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have a lot choosing us in the area: the low cost of energy, an extremely progressive federal government that is ahead in policy, guideline and data personal privacy; and truly strong academic organizations that are progressively taking a look at AI and turning out technical skill in AI."She added: "Our ultimate objective is to see this area, specifically the GCC, become an AI superpower.
Our biggest driver right now is investing in skill, because in the AI race, it's the technical talent that really wins.
"International growth funds are being available in, which reveals clear indications of maturity of the community The ability of the UAE and local federal governments to attract talent; their innovation-first technique, abundance of capital here as well as inflow globally are the crucial structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of handle the greatest values, with 250 "biggest ticket size" offers tape-recorded in 2025 in the nation.
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