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Verifying the growth of AI in the area, a report released by PwC earlier this month stated that the use of AI among the labor force in the Middle East continues to rise, with 75 percent of staff members in the region utilizing it in their tasks over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the innovation sector and stated that 84 percent of CEOs in the nation are prepared to release AI properly, well above the 76 percent international benchmark, supported by the Kingdom's information governance environment, consisting of nationwide initiatives led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the area attractive, including having more pragmatic laws to permit experimentation and growth," said the report.
Top business leaders, policymakers and financiers from the GCC and Latin America just recently checked out how countries from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 local and global policymakers, heads of state, CEOs, service leaders, investors, and industry experts attended the 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 goods from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers said. Both regions depend on each other for vital products.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it added. Brazil is without a doubt the largest trading partner for countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, stated a declaration.
The forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how services can benefit from the altering patterns of worldwide need and what role Dubai can play in assisting in the next action in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by acting as an information and research centre, by providing service documentation, using legal services, facilitating networking opportunities via signature organization occasions and delivering nearly every imaginable organization solution, it specified.
GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will stay solid but sluggish somewhat. Non-oil activity will be supported by population development, brand-new industries, and public investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector growth will speed up, balancing out in part lower oil costs; financial balances will be blended, with surpluses in UAE and Qatar, but deficits persist elsewhere.
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 government policies bring in funds and skill, stated service leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation 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 promising.
Future-Proofing Your GCC Organization Through Tactical OutsourcingReacting to a concern on regional startups' potential customers of taking advantage of current investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have so much going for us in the region: the low cost of energy, an extremely progressive government that is ahead in policy, regulation and information privacy; and truly strong universities that are progressively taking a look at AI and ending up technical skill in AI."She included: "Our ultimate objective is to see this region, particularly the GCC, become an AI superpower.
Our most significant motorist right now is investing in talent, because in the AI race, it's the technical talent that actually wins.
"International development funds are being available in, which shows clear indications of maturity of the community The ability of the UAE and local federal governments to attract skill; their innovation-first technique, abundance of capital here in addition to inflow globally are the essential foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of deals with the highest values, with 250 "biggest ticket size" offers tape-recorded in 2025 in the country.
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