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Verifying the development of AI in the area, a report launched by PwC earlier this month said that the usage of AI amongst the labor force in the Middle East continues to increase, with 75 percent of workers in the area utilizing it in their tasks over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the nation are all set to deploy AI properly, well above the 76 percent international benchmark, supported by the Kingdom's data governance ecosystem, consisting of national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the area appealing, including having more practical laws to allow for experimentation and development," stated the report.
Traditional Vs Global Strategy Within the MENA MarketLeading magnate, policymakers and financiers from the GCC and Latin America just recently checked out how countries from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, magnate, financiers, and industry experts went to the first Global Organization Online 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 declaration from organisers stated. Both regions rely on each other for important items.
In 2015 Latin America supplied nearly 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 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 (primarily poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, stated a statement.
The forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how organizations can take advantage of the changing patterns of global need and what role Dubai can play in facilitating the next step in organization relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however globally too, by acting as an information and research study centre, by providing service paperwork, offering legal services, facilitating networking opportunities through signature business occasions and providing nearly every imaginable organization service, it specified.
GCC development will reinforce in 2026, led by faster growth in hydrocarbons; non-oil development will remain strong however sluggish somewhat. Non-oil activity will be supported by population development, brand-new industries, and public financial investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector growth will speed up, offsetting in part lower oil rates; financial balances will be mixed, with surpluses in UAE and Qatar, however deficits persist in other places.
SHARJAH (WAM) The GCC and broader 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 talent, stated company leaders 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 Endeavor Capital Appear Like", speakers concurred that the emerging local investment landscape appears appealing.
How to Secure a Competitive Advantage in 2026Reacting to a question 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 opting for us in the area: the low cost of energy, a really progressive federal government that is ahead in policy, regulation and information privacy; and actually strong universities that are increasingly looking at AI and ending up 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 today is purchasing talent, because in the AI race, it's the technical skill that truly wins."Focusing on the beauty of the area for investors, Christos Mastoras, Founder and Handling Partner of Iliad Partners, said: "I believe we are extremely fortunate to onboard the three largest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International growth funds are coming in, which shows clear signs of maturity of the community The ability of the UAE and local federal governments to attract skill; their innovation-first approach, abundance of capital here in addition to inflow globally are the crucial foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of offers with the highest worths, with 250 "biggest ticket size" deals recorded in 2025 in the country.
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