How to Maintain a Competitive Edge in 2026

Affirming the development of AI in the region, a report launched by PwC earlier this month said that the use of AI amongst the labor force in the Middle East continues to increase, with 75 percent of employees in the area utilizing it in their tasks 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 ready to deploy AI properly, well above the 76 percent global standard, supported by the Kingdom's information governance environment, consisting of nationwide efforts led by the Saudi Data and Expert System Authority.

Policymakers are thinking holistically about how to make the region attractive, consisting of having more pragmatic laws to enable experimentation and growth," said the report.

Top magnate, policymakers and financiers from the GCC and Latin America just recently explored how nations from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 local and global policymakers, heads of state, CEOs, magnate, investors, and market experts went to the very first Global Service Forum Latin America held at the Atlantis Palm - Dubai.

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In 2015 the GCC comprised 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 region were $5.6 billion, a statement from organisers stated. Both regions count on each other for important products.

In 2015 Latin America provided almost 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 largest 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 vehicles and Chile for wood products, stated a statement.

The forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how companies can benefit from the changing patterns of international need and what role Dubai can play in helping with the next step in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by functioning as an information and research centre, by supplying business documentation, providing legal services, facilitating networking opportunities via signature company events and providing almost every conceivable business option, it specified.

GCC growth will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain solid however sluggish a little. Non-oil activity will be supported by population growth, brand-new industries, and public financial investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector growth will accelerate, offsetting in part lower oil rates; fiscal balances will be combined, with surpluses in UAE and Qatar, however deficits continue elsewhere.

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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, said service leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the very first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Look Like", speakers concurred that the emerging local financial investment landscape appears appealing.

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Responding to a question on local startups' prospects of gaining from recent investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have a lot opting for us in the area: the low cost of energy, a very progressive federal government that is ahead in policy, policy and data personal privacy; and truly strong universities that are significantly looking at AI and turning out technical talent in AI."She added: "Our supreme objective is to see this region, specifically the GCC, end up being an AI superpower.

Our most significant motorist today is purchasing skill, due to the fact that in the AI race, it's the technical skill that really wins."Concentrating on the attractiveness of the area for investors, Christos Mastoras, Creator and Managing Partner of Iliad Partners, stated: "I think we are really lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for financial investment in the region.

"International development funds are being available in, which shows clear indications of maturity of the ecosystem The ability of the UAE and local governments to attract talent; their innovation-first approach, abundance of capital here along with inflow worldwide are the crucial foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of handle the highest worths, with 250 "largest ticket size" offers taped in 2025 in the nation.