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Affirming the growth of AI in the region, a report launched by PwC earlier this month said that the use of AI among the labor force in the Middle East continues to increase, with 75 percent of workers in the region utilizing it in their jobs over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and said that 84 percent of CEOs in the country are ready to deploy AI properly, well above the 76 percent worldwide benchmark, supported by the Kingdom's information governance environment, including nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the region appealing, including having more practical laws to permit experimentation and development," said the report.
Navigating the New Regulatory Frontiers of Oman and QatarLeading magnate, policymakers and financiers from the GCC and Latin America recently checked out how nations from the two regions can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, heads of state, CEOs, service leaders, financiers, and industry experts attended the very first Global Business 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 said. Both areas rely 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 area's total sugar imports, it included. Brazil is by far the biggest trading partner for countries in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, said a statement.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how businesses can take advantage of the altering patterns of international demand and what role Dubai can play in assisting in the next action in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however worldwide too, by acting as an information and research study centre, by supplying company documentation, providing legal services, helping with networking chances by means of signature service occasions and delivering practically every conceivable business service, it stated.
GCC development will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will stay solid however slow slightly. Non-oil activity will be supported by population development, new markets, and public financial investment; inflation will remain soft, while monetary policy will loosen up. Hydrocarbons sector growth will accelerate, balancing out in part lower oil rates; fiscal balances will be mixed, with surpluses in UAE and Qatar, however deficits persist in other places.
SHARJAH (WAM) The GCC and larger Middle East region is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies bring in funds and skill, stated service leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the first day of SEF 2026 examining "What Does the Next Year of Equity Capital Look Like", speakers agreed that the emerging local investment landscape appears appealing.
Responding to a concern on regional start-ups' prospects of taking advantage of recent investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have so much going for us in the region: the low expense of energy, an extremely progressive federal government that is ahead in policy, regulation and information privacy; and really strong universities that are progressively looking at AI and turning out technical talent in AI."She added: "Our supreme objective is to see this region, particularly the GCC, end up being an AI superpower.
Our most significant chauffeur right now is buying skill, because in the AI race, it's the technical talent that really wins."Concentrating on the attractiveness of the area for financiers, Christos Mastoras, Founder and Managing Partner of Iliad Partners, stated: "I believe we are very lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International growth funds are can be found in, which shows clear signs of maturity of the environment The capability of the UAE and regional federal governments to attract talent; their innovation-first method, abundance of capital here in addition to inflow globally are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of deals with the greatest worths, with 250 "biggest ticket size" offers tape-recorded in 2025 in the nation.
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