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Verifying the development of AI in the area, a report released by PwC earlier this month stated that the use of AI among the workforce in the Middle East continues to rise, with 75 percent of employees 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 innovation sector and said that 84 percent of CEOs in the nation are all set to deploy AI responsibly, well above the 76 percent international standard, supported by the Kingdom's data governance environment, consisting of national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the region attractive, consisting of having more practical laws to permit experimentation and development," said the report.
How to Leverage GCC Research for GrowthTop organization leaders, policymakers and investors from the GCC and Latin America recently explored how countries from the two areas can grow trade in between each other in Dubai, UAE.More than 500 local and worldwide policymakers, heads of state, CEOs, company leaders, investors, and industry experts participated in the very first Global Organization Online 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 region were $5.6 billion, a declaration from organisers stated. Both areas rely on each other for essential items.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the region's overall sugar imports, it included. Brazil is by far the largest trading partner for countries in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, stated a statement.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how organizations can take advantage of the altering patterns of international demand and what function Dubai can play in assisting in the next action in company relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by serving as a details and research centre, by providing service documents, using legal services, facilitating networking opportunities through signature service events and delivering practically every imaginable organization option, it mentioned.
GCC development will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong but sluggish somewhat. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector growth will speed up, balancing out in part lower oil rates; financial balances will be mixed, with surpluses in UAE and Qatar, however deficits persist somewhere else.
SHARJAH (WAM) The GCC and wider Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies bring in funds and skill, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the very first day of SEF 2026 examining "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging regional investment landscape appears promising.
Reacting to a concern on local start-ups' potential customers of benefiting from current financial investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have so much opting for us in the area: the low cost of energy, a very progressive government that is ahead in policy, policy and information privacy; and really strong universities that are increasingly looking at AI and turning out technical talent in AI."She added: "Our supreme objective is to see this area, particularly the GCC, end up being an AI superpower.
Our biggest chauffeur today is investing in skill, because in the AI race, it's the technical talent that truly wins."Focusing on the appearance of the region for financiers, Christos Mastoras, Founder and Handling Partner of Iliad Partners, stated: "I believe we are very 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 reveals clear signs of maturity of the environment The ability of the UAE and local federal governments to draw in skill; their innovation-first approach, abundance of capital here in addition to inflow internationally are the essential building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of deals with the greatest values, with 250 "biggest ticket size" deals recorded in 2025 in the country.
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