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Verifying the development of AI in the region, a report released by PwC earlier this month said 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 jobs over the previous 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 country are all set to release AI responsibly, well above the 76 percent international benchmark, supported by the Kingdom's data governance community, consisting of national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area attractive, consisting of having more practical laws to enable experimentation and development," stated the report.
Crucial GCC Business Research Insights for 2026Leading organization leaders, policymakers and investors from the GCC and Latin America recently explored how nations from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 local and worldwide policymakers, heads of state, CEOs, organization leaders, investors, and industry specialists attended the very first Global Company 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 goods from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both regions depend on each other for essential products.
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 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 vehicles and Chile for wood items, stated a statement.
The forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how services can gain from the altering patterns of global need and what function Dubai can play in helping with the next step 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 info and research study centre, by supplying company documentation, offering legal services, assisting in networking opportunities via signature service occasions and providing almost every conceivable company option, it stated.
GCC growth will strengthen in 2026, led by faster growth in hydrocarbons; non-oil development will stay solid however slow a little. Non-oil activity will be supported by population development, brand-new industries, and public investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector development will speed up, offsetting in part lower oil costs; fiscal balances will be blended, with surpluses in UAE and Qatar, but 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 skill, stated business leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the first day of SEF 2026 examining "What Does the Next Year of Equity Capital Look Like", speakers concurred that the emerging local financial investment landscape appears appealing.
Advanced Planning for Middle East ExcellenceReacting to a concern on local start-ups' potential customers of taking advantage of recent investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have so much choosing us in the area: the low expense of energy, an extremely progressive government that is ahead in policy, policy and information personal privacy; and really strong universities that are increasingly looking at AI and turning out technical talent in AI."She added: "Our supreme goal is to see this region, specifically the GCC, end up being an AI superpower.
Our greatest motorist right now is investing in talent, due to the fact that in the AI race, it's the technical skill that truly wins.
"International development funds are coming in, which shows clear signs of maturity of the ecosystem The capability of the UAE and local governments to bring in talent; their innovation-first method, abundance of capital here in addition to inflow internationally are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the number of handle the greatest worths, with 250 "biggest ticket size" deals taped in 2025 in the nation.
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