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Verifying the growth of AI in the area, a report released by PwC previously this month said that the use of AI amongst the workforce 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 released by KPMG highlighted Saudi Arabia's progress in the innovation sector and stated that 84 percent of CEOs in the country are prepared to deploy AI properly, well above the 76 percent worldwide standard, supported by the Kingdom's information governance environment, consisting of nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area attractive, including having more pragmatic laws to enable experimentation and development," stated the report.
Leading magnate, policymakers and investors from the GCC and Latin America recently checked out how countries from the two areas can grow trade in between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, magnate, investors, and market specialists participated in the 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 area were $5.6 billion, a declaration from organisers stated. Both regions depend on each other for important products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the region's overall sugar imports, it added. Brazil is by far the biggest trading partner for nations in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (generally poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, stated a declaration.
The forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how services can gain from the altering patterns of international demand and what function Dubai can play in facilitating the next action in company relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but internationally too, by functioning as a details and research centre, by supplying service documents, offering legal services, assisting in networking opportunities through signature service events and providing practically every imaginable organization solution, it stated.
GCC growth will strengthen in 2026, led by faster growth in hydrocarbons; non-oil growth will stay strong but slow slightly. Non-oil activity will be supported by population development, brand-new markets, and public investment; inflation will remain soft, while monetary policy will loosen up. Hydrocarbons sector development will speed up, offsetting in part lower oil rates; fiscal balances will be blended, with surpluses in UAE and Qatar, but deficits continue somewhere else.
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 government policies drawing in funds and skill, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Equity Capital Look Like", speakers concurred that the emerging local financial investment landscape appears appealing.
Responding to a concern on regional start-ups' prospects of gaining from recent financial investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have a lot choosing us in the region: the low expense of energy, a very progressive federal government that is ahead in policy, regulation and information privacy; and actually strong instructional organizations that are significantly looking at AI and ending up technical talent in AI."She added: "Our supreme objective is to see this area, particularly the GCC, become an AI superpower.
Our most significant driver right now is purchasing skill, since in the AI race, it's the technical skill that truly wins."Concentrating on the appearance of the area for investors, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I believe we are extremely lucky to onboard the three biggest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International growth funds are being available in, which shows clear indications of maturity of the environment The capability of the UAE and local federal governments to attract skill; their innovation-first approach, abundance of capital here as well as inflow globally are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of handle the greatest worths, with 250 "largest ticket size" deals recorded in 2025 in the country.
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