Analysing New GCC Data for Future Growth thumbnail

Analysing New GCC Data for Future Growth

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Affirming the development of AI in the area, a report released by PwC previously this month said that the usage of AI amongst the workforce in the Middle East continues to rise, with 75 percent of workers in the area using it in their jobs over the previous 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the country are prepared to release AI responsibly, well above the 76 percent worldwide benchmark, supported by the Kingdom's data 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 permit experimentation and growth," stated the report.

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Leading company leaders, policymakers and investors from the GCC and Latin America just recently explored how countries from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, company leaders, investors, and market specialists attended the first Global Company 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 products from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers stated. Both areas depend on each other for important products.

In 2015 Latin America provided nearly 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 relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, said a statement.

The forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how businesses can take advantage of the altering patterns of global demand and what function 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 internationally too, by acting as an information and research centre, by offering business documents, providing legal services, facilitating networking opportunities through signature company occasions and providing almost every conceivable organization solution, it stated.

GCC development will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will remain 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 up. Hydrocarbons sector growth will accelerate, balancing out in part lower oil costs; financial balances will be mixed, with surpluses in UAE and Qatar, but deficits continue in other places.

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SHARJAH (WAM) The GCC and broader Middle East region 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 talent, stated company leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging local investment landscape appears promising.

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Reacting to a question on regional start-ups' prospects of gaining from recent investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have a lot opting for us in the area: the low cost of energy, a really progressive federal government that is ahead in policy, guideline and information privacy; and actually strong universities that are increasingly taking a look at AI and turning out technical skill in AI."She included: "Our ultimate objective is to see this region, specifically the GCC, end up being an AI superpower.

Our most significant motorist today is buying skill, because in the AI race, it's the technical talent that really wins."Focusing on the beauty of the area for financiers, Christos Mastoras, Founder and Handling Partner of Iliad Partners, stated: "I think we are very fortunate to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for financial investment in the region.

"International development funds are can be found in, which shows clear signs of maturity of the environment The capability of the UAE and regional federal governments to draw in talent; their innovation-first method, abundance of capital here along with inflow worldwide are the essential building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of deals with the highest values, with 250 "biggest ticket size" offers tape-recorded in 2025 in the nation.