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Verifying the development of AI in the region, a report released by PwC earlier this month said that the usage of AI amongst the labor force in the Middle East continues to rise, with 75 percent of employees in the region utilizing it in their tasks over the previous 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's development in the innovation sector and stated that 84 percent of CEOs in the nation are ready to deploy AI properly, well above the 76 percent worldwide criteria, supported by the Kingdom's information governance environment, consisting of national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the area attractive, including having more pragmatic laws to permit experimentation and development," stated the report.
Why GCC Outsourcing Is Rotating Toward Specialized ProvidersTop magnate, 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 regional and international policymakers, heads of state, CEOs, organization leaders, investors, 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 area were $5.6 billion, a declaration from organisers said. Both regions rely on each other for vital products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it included. Brazil is without a doubt the largest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, stated a statement.
The forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how services can take advantage of the altering patterns of worldwide demand and what function Dubai can play in helping with the next step in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but globally too, by serving as an info and research centre, by supplying organization documents, offering legal services, assisting in networking chances by means of signature service occasions and providing nearly every conceivable service option, it stated.
GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong however sluggish slightly. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector development will accelerate, balancing out in part lower oil prices; fiscal balances will be blended, with surpluses in UAE and Qatar, but deficits persist elsewhere.
SHARJAH (WAM) The GCC and larger 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 bring in funds and skill, said organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the very first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Look Like", speakers agreed that the emerging local investment landscape appears promising.
Why GCC Outsourcing Is Rotating Toward Specialized ProvidersReacting to a question on local startups' prospects of gaining from recent investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have a lot going for us in the area: the low expense of energy, an extremely progressive government that is ahead in policy, regulation and information privacy; and really strong educational institutions that are progressively looking at AI and ending up technical talent in AI."She included: "Our ultimate goal is to see this area, 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 truly wins.
"International growth funds are can be found in, which reveals clear indications of maturity of the environment The ability of the UAE and regional governments to draw in talent; their innovation-first approach, abundance of capital here along with inflow worldwide are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of offers with the greatest values, with 250 "biggest ticket size" offers tape-recorded in 2025 in the country.
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