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Affirming the development of AI in the region, a report released by PwC earlier this month stated that the use of AI amongst the labor force in the Middle East continues to increase, with 75 percent of employees in the region utilizing it in their tasks over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the nation are ready to release AI properly, well above the 76 percent worldwide standard, 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 area appealing, including having more pragmatic laws to permit experimentation and growth," stated the report.
The Effect of Remote Deal With UAE Talent RetentionLeading magnate, policymakers and financiers from the GCC and Latin America just recently explored how nations from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, presidents, CEOs, magnate, financiers, and industry specialists went to the very first Global Company 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 regions count on each other for necessary items.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent 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 relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, stated a declaration.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how businesses can benefit from the changing patterns of worldwide need and what role Dubai can play in assisting in the next action in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however worldwide too, by functioning as an info and research centre, by supplying company paperwork, using legal services, assisting in networking chances through signature business events and delivering practically every imaginable company solution, it stated.
GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong however slow a little. Non-oil activity will be supported by population growth, brand-new markets, and public financial investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector growth will speed up, balancing out in part lower oil prices; financial balances will be combined, with surpluses in UAE and Qatar, but deficits persist in other places.
SHARJAH (WAM) The GCC and larger 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 bring in funds and skill, said service leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Look Like", speakers agreed that the emerging regional investment landscape appears promising.
Responding to a question on local startups' prospects of benefiting from recent investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have so much choosing us in the region: the low expense of energy, an extremely progressive government that is ahead in policy, regulation and information privacy; and actually strong academic institutions that are progressively taking a look at AI and ending up technical skill in AI."She added: "Our ultimate objective is to see this region, specifically the GCC, end up being an AI superpower.
Our greatest chauffeur right now is investing in talent, due to the fact that in the AI race, it's the technical talent that truly wins.
"International development funds are being available in, which reveals clear indications of maturity of the ecosystem The capability of the UAE and local governments to bring in skill; their innovation-first technique, abundance of capital here in addition to inflow worldwide are the essential structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of offers with the highest values, with 250 "largest ticket size" deals recorded in 2025 in the country.
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