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Verifying the growth of AI in the area, a report launched 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 past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the country are prepared to deploy AI responsibly, well above the 76 percent global standard, supported by the Kingdom's data governance ecosystem, including nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the region appealing, including having more pragmatic laws to permit experimentation and growth," stated the report.
Top service leaders, policymakers and investors from the GCC and Latin America recently explored how nations from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, magnate, financiers, and industry professionals went to 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 products from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers stated. Both areas count on each other for important products.
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 included. 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 (generally poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, said a statement.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how companies can take advantage of the changing patterns of global demand and what function Dubai can play in assisting in the next action in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by functioning as an info and research centre, by supplying organization documents, using legal services, assisting in networking opportunities through signature service events and providing practically every conceivable organization option, it stated.
GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay solid but sluggish slightly. Non-oil activity will be supported by population development, new industries, and public financial investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector growth will speed up, offsetting in part lower oil rates; fiscal balances will be mixed, with surpluses in UAE and Qatar, but deficits persist elsewhere.
SHARJAH (WAM) The GCC and wider 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 attracting funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the 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 concern on regional start-ups' potential customers of gaining from recent investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have a lot choosing us in the area: the low cost of energy, a really progressive government that is ahead in policy, guideline and information privacy; and truly strong universities that are increasingly looking at AI and turning out technical skill in AI."She added: "Our ultimate goal is to see this area, particularly the GCC, end up being an AI superpower.
Our biggest driver right now is buying talent, since in the AI race, it's the technical talent that truly wins."Focusing on the appearance of the area for investors, Christos Mastoras, Founder and Managing Partner of Iliad Partners, stated: "I believe we are very lucky to onboard the three biggest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International growth funds are being available in, which shows clear signs of maturity of the ecosystem The ability of the UAE and local federal governments to bring in talent; their innovation-first method, abundance of capital here in addition to inflow globally are the essential foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of handle the highest values, with 250 "biggest ticket size" deals taped in 2025 in the country.
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