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Affirming the development of AI in the area, a report launched by PwC previously this month said that the use of AI among the labor force in the Middle East continues to increase, with 75 percent of employees 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 technology sector and stated that 84 percent of CEOs in the country are ready to release AI properly, well above the 76 percent global benchmark, supported by the Kingdom's data governance community, including national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the area attractive, consisting of having more practical laws to enable experimentation and development," said the report.
Mapping Regional Corporate Strategy for 2026Leading magnate, policymakers and investors from the GCC and Latin America recently explored how countries from the two regions can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, magnate, investors, and industry professionals went to the very first Global Company 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 declaration from organisers said. Both areas count on each other for necessary products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the region's overall sugar imports, it included. Brazil is by far the biggest trading partner for countries in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, stated a declaration.
The forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how businesses can benefit from the altering patterns of worldwide demand and what role Dubai can play in assisting in the next step in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but internationally too, by acting as a details and research study centre, by supplying business paperwork, offering legal services, assisting in networking chances through signature company events and delivering almost every conceivable company option, it stated.
GCC growth will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay strong but sluggish somewhat. Non-oil activity will be supported by population growth, new industries, and public financial investment; inflation will remain soft, while monetary policy will loosen up. Hydrocarbons sector development will speed up, balancing out in part lower oil prices; financial balances will be combined, with surpluses in UAE and Qatar, but deficits persist elsewhere.
SHARJAH (WAM) The GCC and wider Middle East region is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies attracting funds and talent, stated organization leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the very first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Look Like", speakers concurred that the emerging local investment landscape appears appealing.
Reacting to a concern on regional startups' potential customers of benefiting from recent financial investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have a lot opting for us in the region: the low expense of energy, a really progressive government that is ahead in policy, regulation and data personal privacy; and actually strong educational organizations that are progressively taking a look at AI and ending up technical talent in AI."She included: "Our ultimate goal is to see this region, specifically the GCC, become an AI superpower.
Our biggest chauffeur right now is purchasing skill, because in the AI race, it's the technical skill that actually wins."Focusing on the beauty of the region for investors, Christos Mastoras, Founder and Handling Partner of Iliad Partners, stated: "I think we are really lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the region.
"International development funds are being available in, which reveals clear indications of maturity of the environment The ability of the UAE and local federal governments to draw in talent; their innovation-first method, abundance of capital here as well as inflow globally are the essential foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, 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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