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Affirming the growth of AI in the region, a report launched by PwC previously this month stated that the use of AI among the workforce in the Middle East continues to increase, with 75 percent of employees in the area using it in their tasks over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the country are ready to deploy AI properly, well above the 76 percent worldwide criteria, supported by the Kingdom's information governance ecosystem, consisting of nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the area appealing, consisting of having more practical laws to enable experimentation and development," stated the report.
Driving Continuous Improvement Through Gulf Shared ServicesLeading business 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 local and worldwide policymakers, heads of state, CEOs, magnate, investors, and industry experts participated in the very first Global Service 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 statement from organisers stated. Both areas rely on each other for vital items.
In 2015 Latin America supplied nearly 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 nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, said a statement.
The forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how services can benefit from the altering patterns of worldwide demand and what role Dubai can play in helping with the next step in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by functioning as an info and research study centre, by offering organization documents, offering legal services, assisting in networking chances via signature organization occasions and delivering practically every conceivable company service, it specified.
GCC growth will enhance in 2026, led by faster growth in hydrocarbons; non-oil growth will remain strong however slow slightly. Non-oil activity will be supported by population growth, new industries, and public financial investment; inflation will remain soft, while monetary policy will loosen up. Hydrocarbons sector growth will speed up, balancing out in part lower oil prices; financial balances will be blended, with surpluses in UAE and Qatar, however deficits continue elsewhere.
SHARJAH (WAM) The GCC and larger Middle East region 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 talent, stated company leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the very first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Appear Like", speakers agreed that the emerging local financial investment landscape appears promising.
Winning the 2026 Skill Race From Within the UAEResponding to a question on local start-ups' potential customers of benefiting from recent 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 cost of energy, a very progressive federal government that is ahead in policy, regulation and data privacy; and truly strong academic organizations that are significantly looking at AI and ending up technical talent in AI."She included: "Our ultimate goal is to see this area, specifically the GCC, end up being an AI superpower.
Our biggest chauffeur right now is purchasing talent, because in the AI race, it's the technical skill that actually wins."Focusing on the attractiveness of the area for financiers, Christos Mastoras, Founder and Handling Partner of Iliad Partners, stated: "I think we are very lucky to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International development funds are can be found in, which shows clear indications of maturity of the ecosystem The ability of the UAE and local governments to bring in talent; their innovation-first method, abundance of capital here along with inflow globally are the crucial building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of deals with the greatest values, with 250 "largest ticket size" deals recorded in 2025 in the country.
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