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Verifying the growth of AI in the area, a report launched by PwC previously this month stated that the usage of AI among the labor force in the Middle East continues to increase, with 75 percent of employees in the region utilizing it in their tasks 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 properly, well above the 76 percent worldwide criteria, 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 area attractive, including having more practical laws to enable experimentation and development," stated the report.
Mapping Your Development Path Through Saudi's New Business HubsLeading business leaders, policymakers and financiers from the GCC and Latin America just recently explored how countries from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 regional and international policymakers, presidents, CEOs, magnate, financiers, and market professionals went to the very first Global Organization 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 area were $5.6 billion, a declaration from organisers stated. Both regions depend on each other for necessary products.
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 added. 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 counts on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for cars and Chile for wood items, stated a declaration.
The forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how companies can take advantage of the changing patterns of international need and what role Dubai can play in facilitating the next step in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however globally too, by acting as an information and research centre, by providing service paperwork, providing legal services, facilitating networking chances by means of signature business occasions and providing practically every possible service service, it stated.
GCC development will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will remain strong but sluggish somewhat. Non-oil activity will be supported by population development, brand-new markets, and public investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector growth will speed up, offsetting in part lower oil prices; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits continue somewhere else.
SHARJAH (WAM) The GCC and broader Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies attracting funds and talent, said business leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the first day of SEF 2026 taking a look at "What Does the Next Year of Endeavor Capital Appear Like", speakers concurred that the emerging local investment landscape appears promising.
Reacting to a concern on local start-ups' potential customers of taking advantage of recent investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have so much opting for us in the area: the low expense of energy, an extremely progressive federal government that is ahead in policy, guideline and information privacy; and really strong universities that are significantly looking at AI and turning out technical skill in AI."She included: "Our supreme goal is to see this region, particularly the GCC, end up being an AI superpower.
Our most significant chauffeur right now is investing in talent, since in the AI race, it's the technical skill that actually wins.
"International growth funds are can be found in, which shows clear indications of maturity of the environment The capability of the UAE and local federal governments to draw in skill; their innovation-first technique, abundance of capital here as well as inflow globally are the essential structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the number of handle the highest values, with 250 "largest ticket size" offers tape-recorded in 2025 in the nation.
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