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Verifying the growth of AI in the area, a report released by PwC previously this month stated that the use of AI among the workforce in the Middle East continues to rise, with 75 percent of workers in the area using it in their jobs over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the nation are prepared to release AI properly, well above the 76 percent global benchmark, supported by the Kingdom's data governance ecosystem, consisting of national efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the area attractive, including having more practical laws to permit for experimentation and development," stated the report.
Leading company leaders, policymakers and financiers from the GCC and Latin America just recently explored how countries from the two areas can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, presidents, CEOs, service leaders, financiers, and market specialists attended the very 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 products from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers stated. Both areas rely on each other for essential products.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it included. Brazil is without a doubt the biggest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC relies 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 organizations can gain from the changing patterns of global demand and what function Dubai can play in facilitating the next action in company relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but worldwide too, by serving as an information and research study centre, by offering service paperwork, using legal services, helping with networking chances via signature service occasions and providing nearly every conceivable company service, it specified.
GCC development will strengthen in 2026, led by faster growth in hydrocarbons; non-oil development will stay solid however sluggish somewhat. Non-oil activity will be supported by population development, new markets, and public investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector development will accelerate, balancing out in part lower oil costs; fiscal balances will be mixed, with surpluses in UAE and Qatar, but deficits continue 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 federal government policies attracting funds and skill, stated organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging local financial investment landscape appears appealing.
How Is Business Excellence Essential for Future Expansion?Reacting to a concern on local startups' prospects of benefiting from recent financial investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have so much opting for us in the area: the low expense of energy, an extremely progressive federal government that is ahead in policy, policy and information privacy; and actually strong universities that are progressively looking at AI and turning out technical skill in AI."She added: "Our ultimate goal is to see this region, particularly the GCC, become an AI superpower.
Our most significant chauffeur right now is investing in talent, since in the AI race, it's the technical talent that actually wins."Concentrating on the appearance of the region for financiers, Christos Mastoras, Founder and Managing Partner of Iliad Partners, stated: "I believe we are really fortunate to onboard the 3 largest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International development funds are coming in, which shows clear signs of maturity of the ecosystem The capability of the UAE and regional governments to draw in skill; their innovation-first method, abundance of capital here along with inflow globally are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of offers with the highest worths, with 250 "biggest ticket size" deals recorded in 2025 in the country.
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