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Affirming the development of AI in the region, a report released by PwC previously this month said that the usage of AI among the labor force in the Middle East continues to rise, with 75 percent of employees in the area using it in their tasks over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the nation are prepared to release AI responsibly, well above the 76 percent international benchmark, supported by the Kingdom's information governance community, including nationwide efforts led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the area appealing, consisting of having more pragmatic laws to permit experimentation and growth," stated the report.
Top magnate, policymakers and investors from the GCC and Latin America recently checked out how nations from the two areas can grow trade in between each other in Dubai, UAE.More than 500 local and worldwide policymakers, heads of state, CEOs, magnate, investors, and market experts attended the 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 goods from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both areas depend on each other for necessary products.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it included. Brazil is by far the largest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (generally poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, said a statement.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how businesses can take advantage of the changing patterns of global demand and what role Dubai can play in helping with the next action in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but internationally too, by serving as an info and research centre, by providing organization documents, offering legal services, facilitating networking chances via signature business events and providing almost every possible company service, it specified.
GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will stay solid however slow slightly. Non-oil activity will be supported by population growth, new industries, and public financial investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector development will accelerate, balancing out in part lower oil costs; financial balances will be combined, with surpluses in UAE and Qatar, however deficits persist elsewhere.
SHARJAH (WAM) The GCC and larger 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, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging regional financial investment landscape appears appealing.
Actionable Tips for Mastering the 2026 Regional LandscapeResponding to a concern on local start-ups' potential customers of benefiting from recent investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have a lot going for us in the area: the low cost of energy, an extremely progressive government that is ahead in policy, regulation and information privacy; and truly strong educational institutions that are significantly looking at AI and ending up technical skill in AI."She included: "Our supreme goal is to see this area, particularly the GCC, end up being an AI superpower.
Our most significant motorist right now is purchasing talent, due to the fact that in the AI race, it's the technical talent that truly wins."Focusing on the appearance of the area for investors, Christos Mastoras, Creator and Handling Partner of Iliad Partners, said: "I believe we are very fortunate to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the area.
"International development funds are coming in, which shows clear signs of maturity of the ecosystem The ability of the UAE and regional governments to draw in skill; their innovation-first method, abundance of capital here in addition to inflow internationally are the key 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 "biggest ticket size" deals tape-recorded in 2025 in the nation.
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