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Verifying the growth of AI in the region, a report released by PwC previously this month stated that the usage of AI among the workforce in the Middle East continues to rise, with 75 percent of staff members in the region utilizing it in their jobs over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the country are prepared to deploy AI responsibly, well above the 76 percent worldwide criteria, supported by the Kingdom's information governance ecosystem, consisting of national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the area appealing, including having more practical laws to permit experimentation and growth," stated the report.
Leading magnate, policymakers and investors from the GCC and Latin America just recently checked out how nations from the two regions can grow trade in between each other in Dubai, UAE.More than 500 local and international policymakers, heads of state, CEOs, magnate, investors, and market specialists went to the very first Global Business Online 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 declaration from organisers said. Both areas depend on each other for vital items.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the area's total sugar imports, it added. Brazil is without a doubt the biggest trading partner for countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for cars and Chile for wood items, said a statement.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how businesses can gain from the changing patterns of worldwide need and what function Dubai can play in helping with the next step in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however worldwide too, by serving as a details and research centre, by supplying company documentation, using legal services, helping with networking chances through signature organization occasions and providing almost every conceivable service solution, it mentioned.
GCC development will reinforce in 2026, led by faster growth in hydrocarbons; non-oil development will remain strong but sluggish a little. Non-oil activity will be supported by population development, brand-new industries, and public financial investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector growth will speed up, balancing out in part lower oil prices; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits continue elsewhere.
SHARJAH (WAM) The GCC and wider Middle East area is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies attracting funds and skill, said service leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging local investment landscape appears appealing.
Reacting to a question on local start-ups' prospects of benefiting from recent financial investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have so much opting for us in the region: the low expense of energy, an extremely progressive federal government that is ahead in policy, guideline and data personal privacy; and really strong universities that are increasingly taking a look at AI and turning out technical skill in AI."She added: "Our supreme objective is to see this area, particularly the GCC, become an AI superpower.
Our greatest chauffeur right now is purchasing skill, because in the AI race, it's the technical talent that really wins."Concentrating on the appearance of the area for investors, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I think we are extremely lucky to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International development funds are being available in, which shows clear indications of maturity of the ecosystem The capability of the UAE and regional governments to attract talent; their innovation-first method, abundance of capital here in addition to inflow worldwide are the key building blocks."Paula Tavangar, Chief 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 taped in 2025 in the country.
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