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Verifying the growth of AI in the region, a report launched by PwC earlier this month stated that the usage of AI amongst the labor force in the Middle East continues to increase, with 75 percent of staff members in the region using it in their tasks over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's development in the innovation sector and said that 84 percent of CEOs in the country are all set to deploy AI responsibly, well above the 76 percent worldwide benchmark, supported by the Kingdom's information 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 permit experimentation and growth," stated the report.
Top organization leaders, policymakers and financiers from the GCC and Latin America recently checked out how countries from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, organization leaders, financiers, and market specialists went to the first Global Service 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 items from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers said. Both regions depend on each other for essential products.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the region's overall sugar imports, it added. Brazil is without a doubt 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 vehicles and Chile for wood items, stated a declaration.
The forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how businesses can gain from the altering patterns of worldwide demand and what function Dubai can play in helping with the next step in company relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but internationally too, by functioning as an info and research study centre, by offering company documentation, providing legal services, assisting in networking opportunities by means of signature company occasions and providing nearly every imaginable service service, it mentioned.
GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will stay strong but sluggish slightly. Non-oil activity will be supported by population growth, new markets, and public investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector development will speed up, offsetting in part lower oil prices; fiscal balances will be blended, with surpluses in UAE and Qatar, however deficits persist in other places.
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 drawing in funds and skill, stated service leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Equity Capital Look Like", speakers concurred that the emerging regional financial investment landscape appears appealing.
Reacting to a question on local start-ups' prospects of gaining from current investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have a lot choosing 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 educational institutions that are significantly looking at AI and turning out technical skill in AI."She added: "Our ultimate objective is to see this area, specifically the GCC, end up being an AI superpower.
Our greatest motorist today is investing in talent, because in the AI race, it's the technical skill that actually wins."Focusing on the attractiveness of the region for financiers, Christos Mastoras, Creator and Managing Partner of Iliad Partners, stated: "I think we are really lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for investment in the area.
"International growth funds are can be found in, which shows clear indications of maturity of the ecosystem The ability of the UAE and regional federal governments to bring in talent; their innovation-first approach, abundance of capital here as well as inflow internationally are the essential building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of handle the highest values, with 250 "biggest ticket size" deals recorded in 2025 in the nation.
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