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Affirming the growth of AI in the area, a report launched by PwC earlier this month said that the usage of AI amongst the workforce in the Middle East continues to increase, with 75 percent of workers in the area utilizing it in their jobs over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the nation are ready to release AI properly, well above the 76 percent worldwide standard, supported by the Kingdom's information governance community, including nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the region attractive, including having more pragmatic laws to permit experimentation and growth," stated the report.
How to Maintain a Competitive Edge in 2026Top company leaders, policymakers and financiers from the GCC and Latin America just recently checked out how countries from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, presidents, CEOs, company leaders, financiers, and industry professionals went to the 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 products from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers said. Both regions rely on each other for vital items.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it included. Brazil is by far the largest trading partner for nations 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 products, stated a statement.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how companies can take advantage of the altering patterns of global need and what role Dubai can play in helping with the next action in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by serving as an info and research centre, by offering service paperwork, using legal services, assisting in networking chances via signature business events and delivering almost every possible company solution, it stated.
GCC development will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay solid however slow slightly. Non-oil activity will be supported by population development, new markets, and public financial investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector growth will accelerate, offsetting in part lower oil prices; financial balances will be combined, with surpluses in UAE and Qatar, however deficits persist somewhere else.
SHARJAH (WAM) The GCC and wider Middle East area is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies attracting funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the very first day of SEF 2026 examining "What Does the Next Year of Venture Capital Look Like", speakers agreed that the emerging regional investment landscape appears appealing.
The Operational Advantages of Advanced Strategy IntelligenceReacting to a concern on local start-ups' prospects of gaining from recent financial investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have a lot opting for us in the region: the low expense of energy, an extremely progressive government that is ahead in policy, regulation and data personal privacy; and actually strong universities that are increasingly taking a look at AI and ending up technical talent in AI."She added: "Our supreme goal is to see this region, particularly the GCC, end up being an AI superpower.
Our biggest driver right now is investing in skill, since in the AI race, it's the technical talent that really wins.
"International growth funds are coming in, which reveals clear indications of maturity of the ecosystem The ability of the UAE and local governments to bring in talent; their innovation-first method, abundance of capital here along with inflow internationally are the key building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of handle the greatest values, with 250 "biggest ticket size" deals tape-recorded in 2025 in the country.
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