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Verifying the development of AI in the region, a report launched by PwC previously this month said that the usage of AI amongst the workforce in the Middle East continues to rise, with 75 percent of workers in the region using it in their tasks over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the innovation sector and stated that 84 percent of CEOs in the country are all set to deploy AI properly, well above the 76 percent worldwide benchmark, supported by the Kingdom's information governance community, consisting of nationwide initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the region attractive, including having more pragmatic laws to enable experimentation and growth," said the report.
Top magnate, policymakers and financiers from the GCC and Latin America just recently explored how nations from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 local and worldwide policymakers, presidents, CEOs, magnate, financiers, and industry experts attended the very first Global Service 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 said. Both areas count on each other for vital products.
In 2015 Latin America supplied almost 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 countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for cars and Chile for wood items, said a statement.
The forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how businesses can benefit from the altering patterns of worldwide need and what function Dubai can play in assisting in the next step in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by functioning as an information and research study centre, by providing business documents, using legal services, assisting in networking opportunities by means of signature business occasions and delivering practically every possible organization option, it specified.
GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil development will remain strong but sluggish slightly. Non-oil activity will be supported by population development, new markets, and public financial investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector development will accelerate, balancing out in part lower oil rates; financial balances will be mixed, with surpluses in UAE and Qatar, but deficits continue in other places.
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 federal government policies bring in funds and talent, stated organization leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the very first day of SEF 2026 examining "What Does the Next Year of Venture Capital Appear Like", speakers agreed that the emerging local financial investment landscape appears promising.
Driving Development Through Centralized Gulf Shared Service ModelsReacting to a question on regional start-ups' potential customers of taking advantage of recent financial investments in digital facilities, 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, an extremely progressive federal government that is ahead in policy, guideline and data privacy; and truly strong universities that are progressively taking a look at AI and ending up technical skill 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 purchasing talent, since in the AI race, it's the technical skill that truly wins."Concentrating on the appearance of the region for investors, Christos Mastoras, Founder and Handling Partner of Iliad Partners, said: "I think we are very lucky to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International growth funds are coming in, which reveals clear indications of maturity of the community The ability of the UAE and regional federal governments to bring in skill; their innovation-first approach, abundance of capital here as well as inflow globally are the crucial foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of deals with the highest worths, with 250 "largest ticket size" deals taped in 2025 in the nation.
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