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Verifying the development of AI in the area, a report launched by PwC earlier this month said that the use of AI among the workforce in the Middle East continues to increase, with 75 percent of staff members in the region 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 said that 84 percent of CEOs in the country are ready to deploy AI properly, well above the 76 percent worldwide criteria, supported by the Kingdom's data governance community, consisting of national efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the area attractive, including having more pragmatic laws to enable experimentation and development," said the report.
The 2026 Vision for Human Capital in the UAETop business leaders, policymakers and financiers from the GCC and Latin America just recently checked out how nations from the two regions can grow trade in between each other in Dubai, UAE.More than 500 regional and international policymakers, presidents, CEOs, service leaders, financiers, and industry experts participated in the first Global Company 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 items from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers stated. Both areas depend on each other for essential 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 added. Brazil is without a doubt the largest trading partner for countries in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for vehicles and Chile for wood products, said a statement.
The online forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how organizations can take advantage of the altering patterns of worldwide demand and what role 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 but worldwide too, by functioning as an info and research centre, by offering organization documents, offering legal services, assisting in networking opportunities through signature service occasions and delivering almost every conceivable business service, it specified.
GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay strong but sluggish somewhat. Non-oil activity will be supported by population development, brand-new markets, and public investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector growth will accelerate, offsetting in part lower oil rates; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits continue somewhere else.
SHARJAH (WAM) The GCC and wider Middle East area is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies bring in funds and skill, stated organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the very first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Look Like", speakers agreed that the emerging regional investment landscape appears promising.
Reacting to a question on regional startups' potential customers of benefiting from recent investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have a lot choosing us in the region: the low cost of energy, a very progressive government that is ahead in policy, regulation and information personal privacy; and really strong universities that are progressively looking at AI and turning out technical talent in AI."She included: "Our supreme objective is to see this region, specifically the GCC, end up being an AI superpower.
Our greatest motorist right now is investing in talent, because in the AI race, it's the technical skill that truly wins."Concentrating on the attractiveness of the region for investors, Christos Mastoras, Founder and Managing Partner of Iliad Partners, stated: "I think we are very lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the area.
"International growth funds are coming in, which reveals clear signs of maturity of the ecosystem The ability of the UAE and local governments to attract talent; their innovation-first technique, abundance of capital here along with inflow worldwide are the crucial structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of deals with the highest worths, with 250 "largest ticket size" deals tape-recorded in 2025 in the country.
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