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Verifying the development of AI in the region, a report released by PwC previously this month said that the usage of AI amongst the labor force in the Middle East continues to increase, with 75 percent of employees in the area using it in their tasks 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 prepared to release AI responsibly, well above the 76 percent international benchmark, supported by the Kingdom's information governance environment, including national initiatives led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the region attractive, including having more pragmatic laws to permit for experimentation and development," stated the report.
The Shift From Conventional Shared Providers to Intelligent HubsTop magnate, policymakers and financiers from the GCC and Latin America just recently explored how nations from the two areas can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, heads of state, CEOs, magnate, investors, and industry specialists went to the very first Global Service 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 products from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers said. Both areas depend on each other for important products.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it added. Brazil is by far the largest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, stated a statement.
The online forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how organizations can benefit from the changing patterns of global need and what function Dubai can play in assisting in the next action in company relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but globally too, by acting as an information and research centre, by offering company documents, offering legal services, helping with networking chances by means of signature service events and providing nearly every imaginable company option, it specified.
GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain solid however slow a little. Non-oil activity will be supported by population development, brand-new markets, and public investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector development will speed up, balancing out in part lower oil rates; fiscal balances will be blended, with surpluses in UAE and Qatar, but deficits persist in other places.
SHARJAH (WAM) The GCC and larger 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 organization leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 analyzing "What Does the Next Year of Endeavor Capital Look Like", speakers concurred that the emerging local investment landscape appears promising.
Why Outsourcing Is No Longer Just About Expense SavingsReacting to a concern on regional start-ups' prospects of gaining from recent financial investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have a lot opting for us in the region: the low expense of energy, a really progressive government that is ahead in policy, policy and information privacy; and actually strong universities that are significantly looking at AI and turning out technical talent in AI."She added: "Our ultimate goal is to see this area, particularly the GCC, become an AI superpower.
Our biggest driver right now is purchasing talent, since in the AI race, it's the technical talent that actually wins."Concentrating on the attractiveness of the region for financiers, Christos Mastoras, Founder and Handling Partner of Iliad Partners, stated: "I believe we are very lucky to onboard the three biggest banks of Greece as LPs [Limited Partners] for investment in the area.
"International development funds are coming in, which reveals clear signs of maturity of the environment The ability of the UAE and regional federal governments to bring in skill; their innovation-first approach, abundance of capital here as well as inflow globally are the crucial structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of handle the highest values, with 250 "biggest ticket size" deals taped in 2025 in the country.
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