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Verifying the development of AI in the region, a report released by PwC earlier this month said that the use of AI amongst the workforce in the Middle East continues to rise, with 75 percent of employees in the area using it in their tasks over the past 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 all set to release AI properly, well above the 76 percent global standard, supported by the Kingdom's information governance ecosystem, including nationwide efforts led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the region attractive, including having more pragmatic laws to enable for experimentation and growth," said the report.
The Future of Knowledge Process Outsourcing in the GCCTop magnate, policymakers and investors from the GCC and Latin America just recently explored how nations from the two areas can grow trade between each other in Dubai, UAE.More than 500 local and international policymakers, heads of state, CEOs, company leaders, investors, and industry experts participated in the very first Global Business 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 areas count on each other for vital items.
In 2015 Latin America supplied nearly 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 biggest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, stated a statement.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how services can gain from the altering patterns of worldwide need and what function Dubai can play in assisting in the next step in organization relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but internationally too, by serving as a details and research study centre, by offering company documentation, offering legal services, helping with networking opportunities via signature organization occasions and providing almost every imaginable company option, it mentioned.
GCC growth will enhance in 2026, led by faster growth in hydrocarbons; non-oil development will remain solid however sluggish a little. Non-oil activity will be supported by population growth, new industries, and public financial investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector development will speed up, offsetting in part lower oil prices; financial balances will be mixed, with surpluses in UAE and Qatar, but deficits persist in other places.
SHARJAH (WAM) The GCC and broader Middle East area is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies bring in funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the first day of SEF 2026 examining "What Does the Next Year of Endeavor Capital Appear Like", speakers agreed that the emerging regional financial investment landscape appears promising.
The Strategic Significance of Localized Entry in Saudi ArabiaResponding to a concern on local start-ups' prospects of taking advantage of current financial investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have a lot opting for us in the region: the low expense of energy, a very progressive government that is ahead in policy, regulation and information privacy; and really strong academic organizations that are significantly taking a look at AI and turning out technical talent 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 right now is purchasing talent, since in the AI race, it's the technical skill that truly wins."Focusing on the beauty of the region for investors, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I believe we are very fortunate to onboard the 3 largest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"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 talent; their innovation-first technique, abundance of capital here as well as inflow internationally are the key foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of offers with the greatest worths, with 250 "largest ticket size" deals tape-recorded in 2025 in the nation.
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