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Verifying the growth of AI in the area, a report launched by PwC previously this month stated that the usage of AI among the labor force in the Middle East continues to rise, with 75 percent of workers in the region utilizing it in their jobs 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 ready to release AI properly, well above the 76 percent worldwide criteria, supported by the Kingdom's information governance environment, consisting of nationwide efforts led by the Saudi Data and Expert System 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.
Why GCC Outsourcing Is Rotating Towards Specialty ProvidersTop magnate, policymakers and financiers from the GCC and Latin America just recently checked out how countries from the two regions can grow trade between each other in Dubai, UAE.More than 500 local and global policymakers, presidents, CEOs, business leaders, financiers, and market professionals went to the very first Global Business 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 products from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers said. Both regions rely on each other for essential items.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent of the region's overall sugar imports, it added. Brazil is by far the largest trading partner for countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, stated a statement.
The online forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how organizations can gain from the altering patterns of worldwide demand and what role Dubai can play in facilitating the next action in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but internationally too, by acting as an info and research study centre, by supplying organization documentation, offering legal services, assisting in networking chances through signature service events and delivering practically every imaginable service solution, it mentioned.
GCC growth will enhance in 2026, led by faster growth in hydrocarbons; non-oil growth will remain solid however sluggish a little. Non-oil activity will be supported by population growth, brand-new markets, and public financial investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector development will speed up, balancing out in part lower oil prices; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits persist in other places.
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 talent, stated company leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the very first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Look Like", speakers agreed that the emerging local investment landscape appears promising.
Reacting to a concern on local startups' prospects of gaining from recent financial investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have a lot choosing us in the region: the low cost of energy, a very progressive government that is ahead in policy, policy and data personal privacy; and truly strong universities that are increasingly looking at AI and turning out technical skill in AI."She included: "Our supreme goal is to see this area, particularly the GCC, end up being an AI superpower.
Our most significant chauffeur right now is buying skill, since in the AI race, it's the technical talent that truly wins."Concentrating on the attractiveness of the region for financiers, Christos Mastoras, Creator and Handling Partner of Iliad Partners, said: "I think we are extremely fortunate to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the region.
"International growth funds are can be found in, which shows clear indications 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 along with inflow internationally are the key building 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 taped in 2025 in the nation.
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