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Verifying the growth of AI in the area, a report released by PwC previously this month said 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 using it in their jobs over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's development in the innovation sector and said that 84 percent of CEOs in the nation are ready to release AI responsibly, well above the 76 percent international standard, supported by the Kingdom's data governance community, consisting of nationwide efforts led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the region appealing, consisting of having more practical laws to enable for experimentation and growth," stated the report.
Top magnate, policymakers and investors from the GCC and Latin America recently explored how countries from the two regions can grow trade between each other in Dubai, UAE.More than 500 local and worldwide policymakers, heads of state, CEOs, magnate, investors, and market specialists attended the first Global Service 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 rely on each other for essential products.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent of the area's total sugar imports, it included. Brazil is by far the biggest trading partner for countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, said a statement.
The online forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how services can gain from the altering patterns of worldwide demand and what role Dubai can play in helping with the next step in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by functioning as an info and research study centre, by supplying service documentation, offering legal services, helping with networking opportunities through signature business events and delivering nearly every imaginable organization service, it stated.
GCC growth will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will remain strong but sluggish a little. Non-oil activity will be supported by population growth, brand-new markets, and public financial investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector development will speed up, offsetting in part lower oil prices; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits persist elsewhere.
SHARJAH (WAM) The GCC and larger 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 drawing in funds and skill, said company leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the very first day of SEF 2026 taking a look at "What Does the Next Year of Endeavor Capital Appear Like", speakers agreed that the emerging regional financial investment landscape appears appealing.
Is Your UAE Talent Strategy Future-Proof for 2026?Reacting to a question on local start-ups' potential customers of benefiting from current financial investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have so much going for us in the region: the low cost of energy, a really progressive federal government that is ahead in policy, policy and data privacy; and truly strong educational institutions that are significantly taking a look at AI and turning out technical skill in AI."She included: "Our supreme goal is to see this area, particularly the GCC, end up being an AI superpower.
Our greatest motorist today is purchasing skill, since in the AI race, it's the technical skill that really wins."Focusing on the beauty of the area for investors, Christos Mastoras, Creator and Managing Partner of Iliad Partners, said: "I think we are really fortunate to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for investment in the region.
"International development funds are being available in, which reveals clear indications of maturity of the community The capability of the UAE and local federal governments to bring in skill; their innovation-first method, abundance of capital here as well as inflow worldwide 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 worths, with 250 "largest ticket size" deals recorded in 2025 in the country.
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