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Affirming the growth of AI in the area, a report launched by PwC previously this month stated that the use of AI amongst the labor force 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 released by KPMG highlighted Saudi Arabia's progress in the technology sector and stated that 84 percent of CEOs in the country are all set to deploy AI responsibly, well above the 76 percent international criteria, supported by the Kingdom's information governance ecosystem, consisting of nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the region attractive, consisting of having more pragmatic laws to permit experimentation and development," said the report.
Moving Your Back Office to a High-Performance Gulf CenterLeading organization leaders, policymakers and financiers from the GCC and Latin America recently checked out how countries from the two areas can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, organization leaders, investors, and market professionals attended the very first Global Business 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 area were $5.6 billion, a statement from organisers stated. Both regions depend on each other for necessary products.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it included. Brazil is without a doubt the largest trading partner for nations in the region, 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 style "Shifting Synergies", explores how services can take advantage of the altering patterns of international need and what role Dubai can play in assisting in the next step in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by serving as an info and research study centre, by offering company paperwork, providing legal services, assisting in networking chances via signature organization events and delivering practically every conceivable company option, it stated.
GCC growth will enhance in 2026, led by faster growth in hydrocarbons; non-oil development will stay solid however sluggish slightly. 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 development will accelerate, offsetting in part lower oil costs; fiscal balances will be combined, with surpluses in UAE and Qatar, however deficits continue somewhere else.
SHARJAH (WAM) The GCC and wider 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 attracting funds and skill, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the first day of SEF 2026 examining "What Does the Next Year of Venture Capital Appear Like", speakers agreed that the emerging local investment landscape appears promising.
Responding to a concern on regional start-ups' potential customers of gaining from current investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have so much choosing us in the region: the low cost of energy, an extremely progressive government that is ahead in policy, regulation and data personal privacy; and actually strong universities that are progressively taking a look at AI and ending up technical skill in AI."She included: "Our ultimate goal is to see this area, specifically the GCC, end up being an AI superpower.
Our biggest motorist right now is purchasing skill, due to the fact that in the AI race, it's the technical talent that really wins."Focusing on the appearance 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 biggest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International growth funds are being available in, which reveals clear signs of maturity of the environment The ability of the UAE and regional federal governments to bring in skill; their innovation-first approach, abundance of capital here in addition to inflow worldwide are the key structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of handle the greatest values, with 250 "largest ticket size" offers taped in 2025 in the nation.
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