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Affirming the growth of AI in the area, a report launched by PwC previously this month stated that the use of AI among the workforce in the Middle East continues to increase, with 75 percent of workers in the area using it in their tasks over the past 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 country are all set to deploy AI responsibly, well above the 76 percent global criteria, supported by the Kingdom's information 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, including having more pragmatic laws to allow for experimentation and development," stated the report.
Top service leaders, policymakers and financiers from the GCC and Latin America just recently explored how nations from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 regional and international policymakers, heads of state, CEOs, organization leaders, financiers, and industry experts went to the very first Global Business 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 area were $5.6 billion, a statement from organisers said. Both areas rely on each other for necessary items.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the region's total sugar imports, it included. 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 depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, said a declaration.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how services can gain from the altering patterns of global demand and what role Dubai can play in assisting in the next step in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however worldwide too, by acting as an information and research study centre, by supplying company paperwork, providing legal services, helping with networking opportunities by means of signature business occasions and delivering nearly every possible service option, it stated.
GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil development will stay strong however sluggish somewhat. Non-oil activity will be supported by population development, brand-new markets, and public financial investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector development will speed up, balancing out in part lower oil costs; financial balances will be blended, with surpluses in UAE and Qatar, but deficits continue in other places.
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 government policies drawing in funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Look Like", speakers concurred that the emerging regional financial investment landscape appears appealing.
Corporate Planning for Regional SuccessResponding to a question on regional startups' potential customers of taking advantage of current investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have a lot choosing us in the area: the low expense of energy, a very progressive federal government that is ahead in policy, guideline and data personal privacy; and actually strong academic organizations that are increasingly looking at AI and ending up technical talent in AI."She included: "Our supreme goal is to see this area, specifically the GCC, end up being an AI superpower.
Our most significant driver right now is buying skill, because in the AI race, it's the technical talent that truly wins."Focusing on the beauty of the area for financiers, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I think we are extremely lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the area.
"International development funds are can be found in, which reveals clear signs of maturity of the community The capability of the UAE and regional governments to attract skill; their innovation-first method, abundance of capital here as well as inflow worldwide are the crucial foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of handle the greatest values, with 250 "largest ticket size" offers taped in 2025 in the nation.
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