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Affirming the development of AI in the region, 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 workers in the area using it in their jobs over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the innovation sector and said that 84 percent of CEOs in the nation are all set to release AI properly, well above the 76 percent global standard, 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 area attractive, including having more practical laws to enable experimentation and development," stated the report.
Leading magnate, policymakers and financiers from the GCC and Latin America just recently explored how nations from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 regional and global policymakers, presidents, CEOs, magnate, investors, and industry professionals participated in the 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 goods from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers said. Both areas rely on each other for essential items.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it included. Brazil is without a doubt the largest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (generally poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, stated a statement.
The online forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how services can gain from the changing patterns of international need and what function Dubai can play in helping with the next action in company relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however globally too, by acting as a details and research centre, by supplying company paperwork, offering legal services, facilitating networking chances by means of signature company occasions and delivering practically every possible service option, it stated.
GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain solid but sluggish a little. Non-oil activity will be supported by population growth, brand-new markets, and public financial investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector growth will accelerate, balancing out in part lower oil prices; financial 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 drawing in funds and skill, said company 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 Look Like", speakers concurred that the emerging local investment landscape appears promising.
Methods for Optimising GCC Operations in 2026Reacting to a question on local startups' prospects of taking advantage of current investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have a lot opting for us in the region: the low expense of energy, a really progressive government that is ahead in policy, guideline and data privacy; and actually strong educational organizations that are significantly looking at AI and ending up technical talent in AI."She included: "Our supreme objective is to see this region, particularly the GCC, become an AI superpower.
Our most significant chauffeur today is buying talent, because in the AI race, it's the technical talent that really wins."Focusing on the beauty of the region for investors, Christos Mastoras, Founder and Managing Partner of Iliad Partners, stated: "I believe we are very lucky to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for investment in the region.
"International growth funds are being available in, which shows clear signs of maturity of the environment The ability of the UAE and regional governments to draw in talent; their innovation-first approach, abundance of capital here along with inflow globally are the crucial building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of handle the highest worths, with 250 "biggest ticket size" offers recorded in 2025 in the nation.
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