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Affirming the growth of AI in the region, a report launched by PwC previously this month stated that the usage of AI among the labor force in the Middle East continues to rise, with 75 percent of staff members in the area utilizing it in their jobs over the past 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 ready to release AI properly, well above the 76 percent worldwide standard, supported by the Kingdom's information governance environment, consisting of nationwide initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the area attractive, including having more pragmatic laws to enable experimentation and growth," stated the report.
The Evolution of Regional GBS Models in the GCCTop business leaders, policymakers and financiers from the GCC and Latin America recently checked out how countries from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 local and worldwide policymakers, heads of state, CEOs, service 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 area were $5.6 billion, a statement from organisers said. Both areas 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 region's overall sugar imports, it added. Brazil is by far the biggest trading partner for countries in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, said a declaration.
The forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how companies can benefit from the changing patterns of worldwide need and what role Dubai can play in facilitating the next step in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but worldwide too, by serving as an information and research study centre, by providing company paperwork, providing legal services, facilitating networking opportunities via signature business events and providing almost every imaginable company option, it stated.
GCC growth will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay strong but slow somewhat. Non-oil activity will be supported by population development, new markets, and public investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector growth will accelerate, balancing out in part lower oil rates; financial balances will be mixed, 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 investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies attracting funds and talent, said business leaders 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 Appear Like", speakers concurred that the emerging regional investment landscape appears appealing.
The Evolution of Regional GBS Models in the GCCReacting to a question on local start-ups' prospects of taking advantage of recent financial investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have a lot going for us in the region: the low expense of energy, an extremely progressive government that is ahead in policy, policy and information privacy; and truly strong universities that are progressively taking a look at AI and ending up technical skill in AI."She included: "Our supreme objective is to see this area, particularly the GCC, end up being an AI superpower.
Our biggest driver right now is investing in talent, because in the AI race, it's the technical skill that really wins.
"International development funds are can be found in, which shows clear signs of maturity of the environment The ability of the UAE and local federal governments to attract talent; their innovation-first method, abundance of capital here as well as inflow globally are the essential foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated 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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