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Affirming the growth of AI in the region, a report launched by PwC earlier this month said that the usage of AI amongst the labor force in the Middle East continues to rise, with 75 percent of staff members in the region utilizing it in their jobs over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the innovation sector and stated that 84 percent of CEOs in the nation are ready to release AI responsibly, well above the 76 percent global criteria, supported by the Kingdom's information governance community, consisting of nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the region appealing, consisting of having more practical laws to enable for experimentation and development," said the report.
How to Secure a Competitive Advantage in DubaiLeading company leaders, policymakers and investors from the GCC and Latin America just recently explored how nations from the two areas can grow trade in between each other in Dubai, UAE.More than 500 local and worldwide policymakers, presidents, CEOs, magnate, financiers, and market specialists participated in the first Global Company 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 items from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration 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 included. Brazil is by far the biggest trading partner for countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for cars and Chile for wood products, stated a declaration.
The forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how services can gain from the changing patterns of international demand 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 globally too, by acting as a details and research centre, by providing company paperwork, offering legal services, assisting in networking chances by means of signature company events and delivering nearly every imaginable organization option, it mentioned.
GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay strong however slow slightly. Non-oil activity will be supported by population development, new industries, and public investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector growth will accelerate, offsetting in part lower oil costs; financial balances will be combined, with surpluses in UAE and Qatar, however 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 federal government policies attracting funds and skill, said organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the very first day of SEF 2026 taking a look at "What Does the Next Year of Endeavor Capital Look Like", speakers agreed that the emerging local financial investment landscape appears promising.
Reacting to a concern on regional startups' potential customers of benefiting from current financial investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have so much going for us in the region: the low expense of energy, a really progressive government that is ahead in policy, policy and information privacy; and really strong instructional organizations that are progressively taking a look at AI and ending up technical skill in AI."She included: "Our ultimate objective is to see this region, particularly the GCC, end up being 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 development funds are coming in, which reveals clear indications of maturity of the ecosystem The capability of the UAE and regional federal governments to bring in talent; their innovation-first approach, abundance of capital here as well as inflow worldwide are the essential foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of handle the greatest values, with 250 "biggest ticket size" deals taped in 2025 in the country.
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