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Verifying the growth of AI in the region, a report released by PwC earlier this month stated that the use of AI amongst the labor force in the Middle East continues to increase, with 75 percent of staff members in the area utilizing 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 country are ready to release AI properly, well above the 76 percent worldwide standard, supported by the Kingdom's information governance environment, including nationwide initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the area attractive, including having more pragmatic laws to permit experimentation and development," stated the report.
Leading magnate, policymakers and investors from the GCC and Latin America just recently checked out how nations from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 local and worldwide policymakers, presidents, CEOs, business leaders, investors, and market experts went to the first Global Service 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 declaration from organisers said. Both areas count on each other for vital 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 by far the largest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, said a statement.
The forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how organizations can gain from the altering patterns of global demand and what function Dubai can play in facilitating the next step in organization relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but globally too, by acting as an info and research centre, by providing business documentation, providing legal services, facilitating networking chances by means of signature company occasions and delivering practically every imaginable organization solution, it stated.
GCC growth will enhance in 2026, led by faster growth in hydrocarbons; non-oil development will remain solid however slow slightly. Non-oil activity will be supported by population growth, new markets, and public financial investment; inflation will remain soft, while monetary policy will loosen up. Hydrocarbons sector development will speed up, balancing out in part lower oil prices; fiscal balances will be mixed, with surpluses in UAE and Qatar, but 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 government policies bring in funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (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 concurred that the emerging local financial investment landscape appears promising.
Future-Focused Operational Excellence for 2026 EcosystemsReacting to a question on regional startups' prospects of gaining from recent investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have so much choosing us in the region: the low cost of energy, a really progressive government that is ahead in policy, regulation and information privacy; and actually strong universities that are increasingly looking at AI and turning out technical talent in AI."She included: "Our supreme goal is to see this region, specifically the GCC, become an AI superpower.
Our greatest chauffeur right now is investing in talent, since in the AI race, it's the technical skill that actually wins.
"International development funds are can be found in, which reveals clear signs of maturity of the ecosystem The capability of the UAE and regional federal governments to attract skill; their innovation-first technique, abundance of capital here along with inflow globally are the key structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of deals with the highest values, with 250 "biggest ticket size" deals taped in 2025 in the country.
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