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Affirming the development of AI in the region, a report launched by PwC previously this month said that the use of AI among 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 technology sector and stated that 84 percent of CEOs in the nation are ready to release AI properly, well above the 76 percent international standard, supported by the Kingdom's data governance community, consisting of national initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the area attractive, including having more pragmatic laws to permit experimentation and development," said the report.
The New Rules of Talent Attraction in the UAETop organization leaders, 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 local and international policymakers, presidents, CEOs, service leaders, investors, and industry specialists attended the very first Global Service Online 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 stated. Both regions depend on each other for necessary items.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it added. Brazil is without a doubt the biggest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for cars and Chile for wood items, stated a declaration.
The online forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how services can take advantage of the altering patterns of international demand and what function Dubai can play in facilitating the next action in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by serving as an information and research study centre, by providing organization documents, providing legal services, facilitating networking chances by means of signature company occasions and delivering nearly every imaginable company solution, it mentioned.
GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay solid but slow somewhat. Non-oil activity will be supported by population growth, brand-new markets, and public financial investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector growth will speed up, offsetting in part lower oil prices; financial balances will be combined, with surpluses in UAE and Qatar, but deficits continue in other places.
SHARJAH (WAM) The GCC and broader 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 bring in funds and skill, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Venture Capital Appear Like", speakers agreed that the emerging regional investment landscape appears appealing.
The New Rules of Talent Attraction in the UAEReacting to a question on regional startups' potential customers of benefiting from current investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have a lot opting for us in the region: the low expense of energy, a very progressive government that is ahead in policy, guideline and data privacy; and actually strong universities that are increasingly taking a look at AI and ending up technical skill in AI."She included: "Our ultimate goal is to see this area, specifically the GCC, become an AI superpower.
Our most significant driver today is buying skill, due to the fact that in the AI race, it's the technical talent that truly wins."Focusing on the attractiveness of the area for investors, Christos Mastoras, Creator and Managing Partner of Iliad Partners, stated: "I think we are extremely fortunate to onboard the three biggest banks of Greece as LPs [Limited Partners] for investment in the area.
"International growth funds are being available in, which shows clear indications of maturity of the ecosystem The capability of the UAE and local federal governments to bring in skill; their innovation-first method, abundance of capital here as well as inflow internationally are the essential structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of offers with the highest values, with 250 "largest ticket size" deals taped in 2025 in the nation.
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