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Verifying the development of AI in the region, a report released by PwC previously this month said that the use of AI among the labor force in the Middle East continues to rise, with 75 percent of workers in the region using it in their tasks over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the nation are prepared to deploy AI responsibly, well above the 76 percent worldwide criteria, supported by the Kingdom's data governance environment, consisting of nationwide initiatives led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the area appealing, including having more pragmatic laws to permit experimentation and development," stated the report.
Top company leaders, policymakers and financiers from the GCC and Latin America recently explored how nations from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 local and global policymakers, presidents, CEOs, organization leaders, investors, and market experts went to the first Global Company 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 items from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both areas depend on each other for vital items.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it added. Brazil is by far the biggest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, stated a declaration.
The forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how services can take advantage of the altering patterns of worldwide need and what role Dubai can play in helping with the next action in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but worldwide too, by acting as an info and research study centre, by providing service documentation, providing legal services, helping with networking chances through signature organization occasions and providing practically every possible company option, it specified.
GCC growth will enhance in 2026, led by faster growth in hydrocarbons; non-oil growth will remain solid but sluggish somewhat. Non-oil activity will be supported by population development, new industries, and public investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector growth will speed up, offsetting in part lower oil costs; fiscal balances will be blended, with surpluses in UAE and Qatar, but deficits continue somewhere else.
SHARJAH (WAM) The GCC and larger Middle East region 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, stated company leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Venture Capital Look Like", speakers concurred that the emerging local financial investment landscape appears appealing.
The Entrepreneur's Guide to Emerging Saudi Organization ClustersReacting to a question on local startups' potential customers of benefiting from current investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have so much choosing us in the area: the low cost of energy, an extremely progressive federal government that is ahead in policy, regulation and data personal privacy; and truly strong universities that are progressively taking a look at AI and ending up technical talent in AI."She added: "Our ultimate objective is to see this area, specifically the GCC, end up being an AI superpower.
Our most significant chauffeur right now is investing in talent, because in the AI race, it's the technical skill that truly wins.
"International growth funds are coming in, which reveals clear signs of maturity of the ecosystem The ability of the UAE and regional federal governments to attract skill; their innovation-first approach, abundance of capital here along with inflow globally are the key foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of offers with the greatest values, with 250 "biggest ticket size" deals recorded in 2025 in the country.
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