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Affirming the development of AI in the region, a report launched by PwC previously this month stated that the use of AI among the workforce in the Middle East continues to rise, with 75 percent of staff members in the region using it in their jobs over the past 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 nation are ready to deploy AI responsibly, well above the 76 percent international benchmark, supported by the Kingdom's data governance community, including nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area appealing, including having more practical laws to allow for experimentation and growth," said the report.
How Future-Focused Strategy Reshapes the GCC EconomyTop magnate, policymakers and financiers from the GCC and Latin America recently checked out how nations from the two areas can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, presidents, CEOs, magnate, investors, and industry specialists participated in the very 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 region were $5.6 billion, a statement from organisers said. Both regions depend on each other for essential products.
In 2015 Latin America supplied 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. Among the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, stated a declaration.
The online forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how companies can benefit from the changing patterns of worldwide need and what role Dubai can play in helping with the next step in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by acting as an information and research study centre, by supplying business documents, offering legal services, helping with networking chances through signature service occasions and delivering practically every possible business service, it stated.
GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong however sluggish slightly. Non-oil activity will be supported by population growth, brand-new industries, and public financial investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector growth will speed up, balancing out in part lower oil prices; fiscal balances will be mixed, with surpluses in UAE and Qatar, however deficits continue elsewhere.
SHARJAH (WAM) The GCC and broader Middle East region 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, stated business leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 taking a look at "What Does the Next Year of Endeavor Capital Look Like", speakers concurred that the emerging local financial investment landscape appears appealing.
Reacting to a concern on local start-ups' prospects of gaining from recent investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have a lot choosing us in the area: the low cost of energy, a really progressive federal government that is ahead in policy, regulation and information personal privacy; and actually strong universities that are significantly looking at AI and ending up technical skill in AI."She included: "Our supreme goal is to see this area, particularly the GCC, end up being an AI superpower.
Our biggest motorist today is investing in talent, due to the fact that in the AI race, it's the technical talent that truly wins."Focusing on the beauty of the region for financiers, Christos Mastoras, Creator and Handling Partner of Iliad Partners, said: "I believe we are really lucky to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International development funds are being available in, which shows clear signs of maturity of the community The capability of the UAE and local federal governments to attract skill; their innovation-first technique, abundance of capital here along with inflow internationally are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of handle the greatest values, with 250 "largest ticket size" deals taped in 2025 in the country.
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