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Verifying the growth of AI in the area, a report launched by PwC previously this month said that the usage of AI among the labor force in the Middle East continues to rise, with 75 percent of employees in the area utilizing it in their tasks over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the nation are prepared to deploy AI responsibly, well above the 76 percent worldwide criteria, supported by the Kingdom's information governance ecosystem, consisting of nationwide efforts led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the area attractive, consisting of having more practical laws to enable experimentation and development," stated the report.
What UAE Personnel In Fact Want in 2026Top organization leaders, policymakers and investors from the GCC and Latin America just recently explored how countries from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, company leaders, financiers, and market specialists participated in the first Global Service 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 items from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both areas count on each other for essential items.
In 2015 Latin America supplied almost 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 relies on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, stated a statement.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how companies can benefit from the changing patterns of worldwide need and what role Dubai can play in facilitating the next action in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by acting as an info and research centre, by providing business documentation, using legal services, facilitating networking chances through signature company occasions and providing nearly every imaginable organization option, it mentioned.
GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong but sluggish somewhat. Non-oil activity will be supported by population development, new markets, and public investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector development will accelerate, offsetting in part lower oil prices; financial balances will be blended, with surpluses in UAE and Qatar, but deficits continue in other places.
SHARJAH (WAM) The GCC and wider Middle East area 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 Festival (SEF 2026). Throughout 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 financial investment landscape appears appealing.
Reacting to a concern on local startups' potential customers of gaining from recent investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have so much going for us in the region: the low cost of energy, an extremely progressive federal government that is ahead in policy, guideline and information privacy; and actually strong educational institutions that are progressively taking a look at AI and ending up technical talent in AI."She included: "Our supreme objective is to see this region, specifically the GCC, become an AI superpower.
Our most significant chauffeur right now 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 investors, Christos Mastoras, Creator and Managing Partner of Iliad Partners, said: "I think we are very lucky to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for investment in the area.
"International development funds are can be found in, which reveals clear signs of maturity of the community The ability of the UAE and local federal governments to draw in talent; their innovation-first technique, abundance of capital here as well as inflow internationally are the essential building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of handle the highest worths, with 250 "biggest ticket size" offers taped in 2025 in the country.
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