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Verifying the growth of AI in the region, a report released by PwC previously this month stated that the usage of AI amongst the workforce in the Middle East continues to increase, with 75 percent of employees in the area utilizing it in their tasks over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the country are ready to release AI properly, well above the 76 percent global standard, supported by the Kingdom's data governance ecosystem, consisting of national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the region appealing, consisting of having more pragmatic laws to enable experimentation and growth," stated the report.
The Advantages for Strategic Efficiency for 2026Top magnate, policymakers and financiers from the GCC and Latin America recently checked out how countries from the two regions can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, business leaders, investors, and industry specialists participated in the very first Global Business 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 goods from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers said. Both areas 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 total 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 counts on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for cars and Chile for wood products, stated a statement.
The forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how companies can take advantage of the changing patterns of international need and what function Dubai can play in helping with the next step in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by functioning as an info and research centre, by providing service documents, providing legal services, assisting in networking chances via signature company events and delivering nearly every conceivable organization solution, it specified.
GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay strong but sluggish somewhat. Non-oil activity will be supported by population growth, new markets, and public investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector growth will speed up, offsetting in part lower oil costs; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits persist in other places.
SHARJAH (WAM) The GCC and larger Middle East area 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 skill, stated service leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the very first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging local financial investment landscape appears promising.
Responding to a question on local startups' prospects of taking advantage of current investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have so much opting for us in the area: the low cost of energy, a very progressive government that is ahead in policy, regulation and data personal privacy; and really strong academic institutions that are progressively looking at AI and ending up technical talent in AI."She added: "Our ultimate objective is to see this region, specifically the GCC, become an AI superpower.
Our biggest motorist today is buying talent, due to the fact that in the AI race, it's the technical skill that actually wins."Focusing on the beauty of the area for financiers, Christos Mastoras, Creator and Managing Partner of Iliad Partners, stated: "I think we are really fortunate to onboard the three largest banks of Greece as LPs [Limited Partners] for investment in the region.
"International growth funds are can be found in, which shows clear indications of maturity of the ecosystem The ability of the UAE and regional governments to attract skill; their innovation-first approach, abundance of capital here along with inflow internationally are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of offers with the highest values, with 250 "largest ticket size" offers tape-recorded in 2025 in the country.
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