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Affirming the development of AI in the region, a report launched by PwC earlier this month stated that the use of AI amongst the workforce in the Middle East continues to rise, with 75 percent of employees in the area utilizing it in their tasks over the previous 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 all set to deploy AI responsibly, well above the 76 percent international standard, supported by the Kingdom's data governance community, including national efforts led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the area attractive, consisting of having more practical laws to enable experimentation and development," said the report.
Leading magnate, policymakers and financiers from the GCC and Latin America just recently checked out how nations from the two regions can grow trade between each other in Dubai, UAE.More than 500 local and worldwide policymakers, presidents, CEOs, magnate, investors, and industry professionals participated in the 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 products from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers stated. Both areas rely on each other for important items.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent of the region's total sugar imports, it included. Brazil is by far the largest trading partner for countries in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, stated a statement.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how businesses can gain from the changing patterns of international need and what function Dubai can play in assisting in 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 an info and research centre, by offering business documentation, offering legal services, helping with networking opportunities by means of signature service occasions and providing practically every conceivable organization service, it specified.
GCC growth will enhance in 2026, led by faster growth in hydrocarbons; non-oil growth will stay solid but sluggish a little. Non-oil activity will be supported by population growth, brand-new industries, and public financial investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector growth will accelerate, offsetting in part lower oil costs; financial balances will be combined, with surpluses in UAE and Qatar, however deficits persist somewhere else.
SHARJAH (WAM) The GCC and broader Middle East area 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 business leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Look Like", speakers concurred that the emerging regional financial investment landscape appears appealing.
Expert Tips Regarding Managing GCC Market ComplexityReacting to a question on local start-ups' prospects of gaining from current investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have a lot going for us in the region: the low cost of energy, an extremely progressive federal government that is ahead in policy, regulation and data privacy; and actually strong instructional institutions that are increasingly looking at AI and ending up technical talent in AI."She added: "Our supreme objective is to see this region, particularly the GCC, end up being an AI superpower.
Our greatest motorist right now is investing in skill, due to the fact that in the AI race, it's the technical talent that actually wins.
"International growth funds are coming in, which shows clear indications of maturity of the ecosystem The capability of the UAE and local governments to attract talent; their innovation-first approach, abundance of capital here along with inflow worldwide are the crucial structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of handle the highest values, with 250 "largest ticket size" deals taped in 2025 in the nation.
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