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Affirming the growth of AI in the area, a report released 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 area utilizing 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 country are all set to release AI properly, well above the 76 percent international criteria, supported by the Kingdom's information governance environment, 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 allow for experimentation and development," said the report.
Leading company leaders, policymakers and financiers from the GCC and Latin America just recently explored how nations from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 local and worldwide policymakers, heads of state, CEOs, magnate, financiers, and market professionals participated in the very first Global Company 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 area were $5.6 billion, a statement from organisers stated. Both areas rely on each other for essential products.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it added. Brazil is by far the biggest 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 cars and Chile for wood products, stated a declaration.
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 worldwide demand and what role Dubai can play in facilitating the next step in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but internationally too, by acting as an information and research study centre, by supplying business documentation, using legal services, assisting in networking opportunities via signature company occasions and providing almost every possible organization service, it mentioned.
GCC development will enhance in 2026, led by faster growth in hydrocarbons; non-oil growth will stay solid but slow a little. Non-oil activity will be supported by population growth, brand-new markets, and public financial investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector development will accelerate, balancing out in part lower oil prices; fiscal balances will be blended, with surpluses in UAE and Qatar, however deficits continue somewhere else.
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 bring in funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the very 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.
Stop Utilizing Out-of-date Talent Retention Techniques in DubaiResponding to a concern on local startups' prospects of benefiting from recent financial investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have a lot going for us in the region: the low expense of energy, a very progressive government that is ahead in policy, regulation and data personal privacy; and really strong instructional institutions that are progressively taking a look at AI and ending up technical talent in AI."She added: "Our ultimate goal is to see this area, particularly the GCC, become an AI superpower.
Our most significant chauffeur today is purchasing skill, since in the AI race, it's the technical skill that actually wins."Focusing on the beauty of the area for investors, Christos Mastoras, Founder and Handling Partner of Iliad Partners, stated: "I think we are really lucky to onboard the three biggest banks of Greece as LPs [Limited Partners] for investment in the region.
"International growth funds are being available in, which reveals clear indications of maturity of the environment The capability of the UAE and local federal governments to bring in talent; their innovation-first technique, abundance of capital here as well as inflow globally are the key structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of deals with the highest worths, with 250 "largest ticket size" deals recorded in 2025 in the nation.
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