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Verifying the development of AI in the area, a report released by PwC previously this month said that the usage of AI amongst the workforce in the Middle East continues to increase, with 75 percent of staff members in the area using 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 country are ready to release AI responsibly, well above the 76 percent international criteria, supported by the Kingdom's data governance ecosystem, including nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the region attractive, consisting of having more pragmatic laws to enable experimentation and development," said the report.
Leading magnate, policymakers and investors from the GCC and Latin America just recently explored how nations from the two areas can grow trade in between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, service leaders, investors, and market specialists attended the very first Global Company 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 products from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers stated. Both areas count on each other for necessary products.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it included. Brazil is without a doubt the largest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, stated a declaration.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how organizations can gain from the altering patterns of worldwide need and what role Dubai can play in helping with the next step in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by functioning as an information and research centre, by supplying service documents, providing legal services, helping with networking chances via signature company events and providing practically every conceivable company solution, it stated.
GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain solid but sluggish slightly. Non-oil activity will be supported by population growth, new markets, and public financial investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector development will speed up, offsetting in part lower oil costs; financial balances will be mixed, with surpluses in UAE and Qatar, but deficits persist somewhere else.
SHARJAH (WAM) The GCC and wider Middle East region 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, said service leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the very first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Look Like", speakers agreed that the emerging local investment landscape appears appealing.
How Digital Shift Will Fuel Growth?Responding to a concern on local startups' prospects of benefiting from recent investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have a lot choosing us in the area: the low cost of energy, a very progressive government that is ahead in policy, guideline and information personal privacy; and actually strong educational institutions that are increasingly looking at AI and turning out technical skill in AI."She included: "Our ultimate goal is to see this area, specifically the GCC, end up being an AI superpower.
Our biggest driver right now is buying talent, because in the AI race, it's the technical skill that actually wins."Concentrating on the appearance of the area for financiers, Christos Mastoras, Creator and Managing Partner of Iliad Partners, said: "I believe we are extremely fortunate to onboard the three biggest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International development funds are coming in, which shows clear signs of maturity of the community The ability of the UAE and regional governments to attract talent; their innovation-first technique, abundance of capital here along with inflow globally are the essential foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of offers with the highest values, with 250 "biggest ticket size" offers taped in 2025 in the country.
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