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Affirming the development of AI in the area, a report released 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 workers in the region using it in their tasks over the previous 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the country are prepared to deploy AI properly, well above the 76 percent international criteria, supported by the Kingdom's data governance ecosystem, consisting of nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the region attractive, including having more practical laws to permit for experimentation and development," said the report.
Actionable Tips for Mastering the Regional LandscapeTop company leaders, policymakers and financiers from the GCC and Latin America recently checked out how countries from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, presidents, CEOs, service leaders, investors, and market experts went to the first Global Business Online 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 areas count on each other for vital items.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the region's overall sugar imports, it included. Brazil is without a doubt 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 (generally poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, said a declaration.
The forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how services can benefit from the changing patterns of global demand and what function Dubai can play in assisting in the next step in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however worldwide too, by acting as a details and research study centre, by providing organization documents, offering legal services, facilitating networking chances through signature company events and delivering almost every possible organization option, it stated.
GCC growth will strengthen in 2026, led by faster growth in hydrocarbons; non-oil growth will stay strong but slow somewhat. Non-oil activity will be supported by population development, new industries, and public financial investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector development will speed up, balancing out in part lower oil costs; fiscal 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 investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies drawing in funds and skill, said business leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging regional financial investment landscape appears appealing.
Responding to a question on regional start-ups' potential customers of taking advantage of current investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have a lot going for us in the region: the low cost of energy, a very progressive federal government that is ahead in policy, regulation and data privacy; and truly strong universities that are increasingly looking at AI and turning out technical skill in AI."She added: "Our supreme goal is to see this region, particularly the GCC, become an AI superpower.
Our greatest motorist right now is investing in talent, since in the AI race, it's the technical skill that truly wins."Focusing on the attractiveness of the area for financiers, Christos Mastoras, Creator and Handling Partner of Iliad Partners, stated: "I believe we are extremely fortunate to onboard the three biggest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International development funds are coming in, which shows clear signs of maturity of the ecosystem The ability of the UAE and local governments to draw in talent; their innovation-first approach, abundance of capital here in addition to inflow globally are the crucial structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of handle the highest worths, with 250 "biggest ticket size" deals taped in 2025 in the country.
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