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Verifying the development of AI in the area, a report launched by PwC previously this month stated that the use of AI among the labor force in the Middle East continues to increase, with 75 percent of employees in the area utilizing it in their jobs 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 prepared to deploy AI properly, well above the 76 percent worldwide benchmark, supported by the Kingdom's data governance community, including national efforts led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the area appealing, including having more practical laws to enable experimentation and growth," said the report.
Future-Focused Corporate Models Within 2026 EcosystemsLeading business leaders, policymakers and investors from the GCC and Latin America recently explored how nations from the two areas can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, magnate, investors, and market experts participated in the very first Global Company 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers said. Both regions rely on each other for vital items.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the area's total sugar imports, it added. Brazil is by far the biggest trading partner for nations in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, said a statement.
The online forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how organizations can gain from the altering patterns of worldwide need and what function Dubai can play in helping with the next action in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by serving as a details and research centre, by supplying service documents, offering legal services, facilitating networking opportunities by means of signature business events and providing practically every conceivable company service, it specified.
GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil development will remain solid however sluggish somewhat. Non-oil activity will be supported by population growth, brand-new industries, and public investment; inflation will remain soft, while monetary policy will loosen up. Hydrocarbons sector development will accelerate, balancing out in part lower oil prices; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits persist in other places.
SHARJAH (WAM) The GCC and wider 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, stated company leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Equity Capital Look Like", speakers agreed that the emerging local financial investment landscape appears promising.
Reacting to a question on local start-ups' potential customers 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 choosing us in the area: the low expense of energy, an extremely progressive government that is ahead in policy, regulation and data personal privacy; and truly strong universities that are increasingly looking at AI and turning out technical talent in AI."She added: "Our ultimate goal is to see this region, particularly the GCC, end up being an AI superpower.
Our greatest chauffeur right now is investing in skill, because in the AI race, it's the technical skill that really wins.
"International development funds are being available in, which reveals clear indications of maturity of the ecosystem The ability of the UAE and regional federal governments to attract talent; their innovation-first approach, abundance of capital here in addition to inflow globally are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of handle the greatest worths, with 250 "biggest ticket size" deals tape-recorded in 2025 in the country.
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