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Verifying the growth of AI in the area, a report launched by PwC previously this month stated that the use of AI amongst the workforce in the Middle East continues to increase, with 75 percent of workers in the region utilizing it in their tasks over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the technology sector and stated that 84 percent of CEOs in the nation are prepared to deploy AI responsibly, well above the 76 percent international benchmark, supported by the Kingdom's information governance community, consisting of national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the region appealing, consisting of having more practical laws to permit for experimentation and growth," said the report.
Why Is Operational Excellence Vital for Future Expansion?Leading organization leaders, policymakers and investors from the GCC and Latin America recently explored how countries from the two regions can grow trade in between each other in Dubai, UAE.More than 500 local and worldwide policymakers, heads of state, CEOs, magnate, financiers, and industry specialists attended the very first Global Organization 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 region were $5.6 billion, a statement from organisers said. Both regions count on each other for vital items.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the area's total sugar imports, it added. Brazil is by far the biggest trading partner for countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, stated a statement.
The forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how businesses can take advantage of the changing patterns of worldwide need and what role Dubai can play in assisting in the next step in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however globally too, by serving as an info and research centre, by offering organization documents, providing legal services, assisting in networking opportunities by means of signature business events and delivering practically every imaginable organization option, it mentioned.
GCC development will enhance in 2026, led by faster growth in hydrocarbons; non-oil growth will remain solid but sluggish slightly. Non-oil activity will be supported by population development, brand-new markets, and public 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 combined, with surpluses in UAE and Qatar, but deficits persist somewhere else.
SHARJAH (WAM) The GCC and broader Middle East area 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, stated company leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Look Like", speakers concurred that the emerging local investment landscape appears appealing.
Why Is Operational Excellence Vital for Future Expansion?Reacting to a concern on regional startups' potential customers of gaining from recent financial investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have so much opting for us in the region: the low cost of energy, a very progressive federal government that is ahead in policy, policy and data privacy; and truly strong universities that are significantly taking a look at AI and turning out technical talent in AI."She added: "Our ultimate objective is to see this area, particularly the GCC, become an AI superpower.
Our greatest motorist right now is investing in talent, due to the fact that in the AI race, it's the technical skill that actually wins."Focusing on the attractiveness of the region for financiers, Christos Mastoras, Founder and Handling Partner of Iliad Partners, said: "I think we are very lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for investment in the area.
"International development funds are being available in, which shows clear signs of maturity of the community The ability of the UAE and regional federal governments to draw in skill; their innovation-first method, abundance of capital here along with inflow globally are the crucial structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of deals with the greatest values, with 250 "largest ticket size" offers recorded in 2025 in the country.
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