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Affirming the growth of AI in the area, a report released by PwC previously this month stated that the usage of AI among the workforce in the Middle East continues to rise, with 75 percent of workers in the region using it in their jobs over the previous 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the technology sector and stated that 84 percent of CEOs in the country are ready to deploy AI properly, well above the 76 percent worldwide standard, supported by the Kingdom's data governance ecosystem, consisting of nationwide initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the region appealing, consisting of having more pragmatic laws to allow for experimentation and growth," stated the report.
Leading organization leaders, policymakers and investors from the GCC and Latin America recently checked out how countries from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 local and worldwide policymakers, presidents, CEOs, company leaders, investors, and market experts participated in the very first Global Business 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 region were $5.6 billion, a statement from organisers stated. Both areas count on each other for essential items.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the area's total sugar imports, it included. Brazil is by far the largest trading partner for countries in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, said a declaration.
The online forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how businesses can take advantage of the altering patterns of global need and what function Dubai can play in assisting in the next step in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however worldwide too, by serving as a details and research study centre, by supplying organization paperwork, using legal services, helping with networking opportunities by means of signature company events and providing practically every conceivable business solution, it mentioned.
GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong but sluggish a little. Non-oil activity will be supported by population growth, new industries, and public financial investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector growth will speed up, offsetting in part lower oil costs; financial balances will be combined, with surpluses in UAE and Qatar, but deficits persist elsewhere.
SHARJAH (WAM) The GCC and wider Middle East area is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies drawing in funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the very first day of SEF 2026 taking a look at "What Does the Next Year of Endeavor Capital Appear Like", speakers concurred that the emerging regional financial investment landscape appears appealing.
Long-Term Regional Industrial Growth Patterns in 2026Reacting to a concern on regional start-ups' prospects of benefiting from recent financial investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have a lot opting for us in the area: the low expense of energy, an extremely progressive federal government that is ahead in policy, regulation and information privacy; and truly strong universities that are significantly looking at AI and turning out technical talent in AI."She included: "Our supreme goal is to see this area, specifically the GCC, end up being an AI superpower.
Our greatest chauffeur today is investing in skill, because in the AI race, it's the technical talent that truly wins."Concentrating on the beauty of the area for investors, Christos Mastoras, Creator and Handling Partner of Iliad Partners, said: "I believe we are really lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International development funds are being available in, which shows clear signs of maturity of the community The ability of the UAE and regional governments to attract talent; their innovation-first method, abundance of capital here as well as inflow worldwide are the crucial foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of handle the greatest worths, with 250 "biggest ticket size" deals recorded in 2025 in the country.
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