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Verifying the growth of AI in the region, a report released by PwC previously this month said that the use of AI among the labor force in the Middle East continues to rise, with 75 percent of employees in the region utilizing it in their tasks over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the country are all set to deploy AI properly, well above the 76 percent international benchmark, supported by the Kingdom's information governance ecosystem, including national initiatives led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the area attractive, including having more pragmatic laws to permit experimentation and development," said the report.
Local Versus Modern Approaches in the MENA RegionTop organization leaders, policymakers and investors from the GCC and Latin America just recently checked out how countries from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, company leaders, investors, and industry experts attended the very first Global Company Online forum Latin America held at the Atlantis Palm - Dubai.
In 2015 the GCC made up 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 rely on each other for important items.
In 2015 Latin America supplied almost 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. 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, stated a declaration.
The online forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how companies can take advantage of the altering patterns of worldwide need and what function Dubai can play in assisting in the next action in organization relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by serving as a details and research centre, by supplying organization documents, offering legal services, assisting in networking opportunities by means of signature company occasions and providing almost every conceivable organization solution, it mentioned.
GCC growth will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will stay solid however slow slightly. Non-oil activity will be supported by population development, new industries, and public investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector development will speed up, 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 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 bring in funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging regional financial investment landscape appears promising.
Charting Regional Market Strategy in 2026Reacting to a concern on regional startups' potential customers of taking advantage of current investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have so much opting for us in the region: the low expense of energy, a really progressive federal government that is ahead in policy, guideline and information privacy; and actually strong universities that are increasingly looking at AI and ending up technical skill in AI."She included: "Our supreme objective is to see this region, particularly the GCC, end up being an AI superpower.
Our most significant motorist right now is investing in talent, because in the AI race, it's the technical skill that truly wins."Concentrating on the attractiveness of the area for investors, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I believe we are extremely lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the area.
"International growth funds are being available in, which reveals clear signs of maturity of the community The capability of the UAE and regional governments to attract skill; 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 greatest values, with 250 "largest ticket size" deals taped in 2025 in the nation.
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