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Affirming the growth of AI in the area, a report released by PwC earlier this month stated that the usage of AI among the labor force in the Middle East continues to increase, with 75 percent of staff members in the area using it in their jobs over the previous 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 prepared to deploy AI properly, well above the 76 percent international benchmark, supported by the Kingdom's information governance ecosystem, consisting of nationwide initiatives 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 for experimentation and development," said the report.
The Financier's Handbook for Qatar and Oman LawsLeading magnate, policymakers and investors from the GCC and Latin America recently explored how countries from the two regions can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, presidents, CEOs, company leaders, financiers, and market experts participated in the very first Global Service 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 products from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers stated. Both regions count on each other for important items.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it added. Brazil is without a doubt the largest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (generally poultry), Argentina for cereals, Mexico for cars and Chile for wood products, stated a declaration.
The online forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how companies can take advantage of the changing patterns of global demand and what function Dubai can play in helping with the next step in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by acting as an information and research centre, by providing business paperwork, using legal services, helping with networking chances via signature company events and providing practically every conceivable organization service, it stated.
GCC growth will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay solid but sluggish a little. Non-oil activity will be supported by population development, new markets, and public investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector development will accelerate, offsetting in part lower oil prices; fiscal balances will be blended, with surpluses in UAE and Qatar, however deficits continue in other places.
SHARJAH (WAM) The GCC and broader Middle East area is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies bring in funds and skill, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the very first day of SEF 2026 taking a look at "What Does the Next Year of Endeavor Capital Look Like", speakers concurred that the emerging local financial investment landscape appears promising.
Handling Cross-Border Compliance In Between Muscat and DohaResponding to a question on regional start-ups' potential customers of gaining from recent investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have a lot going for us in the region: the low expense of energy, a really progressive federal government that is ahead in policy, regulation and information personal privacy; and actually strong academic institutions that are increasingly looking at AI and turning out technical skill in AI."She added: "Our supreme objective is to see this region, specifically the GCC, end up being an AI superpower.
Our greatest driver right now is investing in talent, since in the AI race, it's the technical skill that truly wins."Focusing on the appearance of the region for financiers, Christos Mastoras, Creator and Managing Partner of Iliad Partners, said: "I think we are really lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the region.
"International growth funds are coming in, which shows clear signs of maturity of the community The capability of the UAE and local governments to draw in talent; their innovation-first approach, abundance of capital here in addition to inflow globally are the crucial foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the number of handle the highest values, with 250 "biggest ticket size" deals tape-recorded in 2025 in the nation.
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