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Verifying the development of AI in the region, a report launched by PwC earlier this month stated that the usage of AI amongst the labor force in the Middle East continues to rise, with 75 percent of workers in the area utilizing 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 release AI properly, well above the 76 percent international criteria, supported by the Kingdom's data governance community, including nationwide 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 enable experimentation and development," stated the report.
Key Benefits of Operational Excellence in 2026Leading magnate, policymakers and financiers 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, presidents, CEOs, magnate, investors, and market professionals attended 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 items from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers said. Both regions depend on each other for essential products.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the area's total sugar imports, it added. Brazil is by far 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 (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, said a statement.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how services can benefit from the changing patterns of international demand and what role Dubai can play in helping with the next action in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by serving as an info and research centre, by supplying organization documentation, using legal services, helping with networking opportunities via signature company events and providing nearly every conceivable service option, it specified.
GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay solid but sluggish somewhat. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector growth will speed up, balancing out in part lower oil prices; fiscal balances will be mixed, with surpluses in UAE and Qatar, but deficits persist elsewhere.
SHARJAH (WAM) The GCC and larger Middle East area is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies attracting funds and skill, said organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 examining "What Does the Next Year of Venture Capital Look Like", speakers concurred that the emerging regional financial investment landscape appears promising.
Key Benefits of Operational Excellence in 2026Reacting to a concern on local startups' prospects of benefiting from recent investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have a lot choosing us in the area: the low expense of energy, a very progressive government that is ahead in policy, regulation and data privacy; and really strong universities that are significantly taking a look 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 motorist right now is investing in talent, due to the fact that in the AI race, it's the technical skill that really wins.
"International growth funds are can be found in, which reveals clear indications of maturity of the ecosystem The ability of the UAE and regional federal governments to draw in talent; their innovation-first technique, abundance of capital here in addition to inflow internationally are the crucial building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of deals with the greatest values, with 250 "biggest ticket size" deals tape-recorded in 2025 in the country.
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