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Affirming the growth of AI in the region, a report released by PwC previously this month said that the use of AI amongst the workforce in the Middle East continues to rise, with 75 percent of employees in the region utilizing it in their tasks over the previous 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the nation are ready to deploy AI properly, well above the 76 percent worldwide benchmark, 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 appealing, including having more pragmatic laws to permit experimentation and growth," stated the report.
How Is Business Excellence Vital for 2026 Expansion?Leading service leaders, policymakers and investors from the GCC and Latin America just recently explored how countries from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, magnate, investors, and industry professionals attended the first Global Business 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 products from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both areas count on each other for necessary products.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it included. Brazil is without a doubt the largest trading partner for countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for cars and Chile for wood products, stated a statement.
The forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how services can take advantage of the altering patterns of worldwide need and what role Dubai can play in helping with the next step in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however worldwide too, by functioning as an information and research study centre, by providing organization documents, using legal services, helping with networking chances through signature service occasions and providing almost every imaginable service solution, it specified.
GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will remain solid but slow a little. Non-oil activity will be supported by population development, new industries, 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 rates; financial balances will be blended, with surpluses in UAE and Qatar, however deficits persist elsewhere.
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 government policies attracting funds and skill, said business leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Look Like", speakers concurred that the emerging regional financial investment landscape appears promising.
Reacting to a concern on local start-ups' prospects of taking advantage of current financial investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have a lot choosing us in the area: the low cost of energy, an extremely progressive federal government that is ahead in policy, policy and information personal privacy; and actually strong universities that are increasingly looking at AI and turning out technical talent in AI."She included: "Our ultimate goal is to see this region, specifically the GCC, end up being an AI superpower.
Our most significant driver right now is investing in skill, since in the AI race, it's the technical skill that actually wins."Concentrating on the beauty of the region for investors, Christos Mastoras, Creator and Handling Partner of Iliad Partners, stated: "I believe we are extremely fortunate to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the area.
"International development funds are being available in, which reveals clear indications of maturity of the community The ability of the UAE and regional federal governments to draw in skill; their innovation-first technique, abundance of capital here as well as inflow worldwide are the essential building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of deals with the highest worths, with 250 "largest ticket size" deals recorded in 2025 in the nation.
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