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Affirming the growth of AI in the area, a report launched by PwC earlier this month said that the usage of AI among the workforce in the Middle East continues to increase, with 75 percent of employees 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 innovation sector and stated that 84 percent of CEOs in the nation are ready to deploy AI responsibly, well above the 76 percent international standard, supported by the Kingdom's data governance ecosystem, including nationwide efforts led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the region attractive, including having more practical laws to permit for experimentation and development," said the report.
Top magnate, policymakers and investors from the GCC and Latin America recently checked out how nations from the two areas can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, organization leaders, financiers, and industry specialists attended the very first Global Company Forum Latin America held at the Atlantis Palm - Dubai.
In 2015 the GCC made up 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 statement from organisers stated. Both areas count on each other for necessary items.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it added. Brazil is without a doubt the biggest trading partner for countries in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, stated a statement.
The forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how organizations can gain from the changing patterns of international need and what role Dubai can play in assisting in the next action in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however globally too, by serving as an info and research study centre, by supplying business documents, offering legal services, helping with networking chances via signature organization occasions and providing almost every conceivable organization option, it specified.
GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will remain strong however sluggish a little. Non-oil activity will be supported by population development, new markets, and public financial investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector development will speed up, balancing out in part lower oil costs; financial balances will be mixed, with surpluses in UAE and Qatar, but deficits continue somewhere else.
SHARJAH (WAM) The GCC and broader 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, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Venture Capital Appear Like", speakers concurred that the emerging regional financial investment landscape appears appealing.
Forward-Thinking Operational Excellence for 2026 EcosystemsReacting to a question on regional start-ups' potential customers of benefiting from current investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have a lot going for us in the area: the low cost of energy, a very progressive government that is ahead in policy, guideline and information privacy; and truly strong educational institutions that are progressively looking at AI and turning out technical skill in AI."She included: "Our supreme objective is to see this area, particularly 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 skill that actually wins.
"International growth funds are being available in, which reveals clear indications of maturity of the community The capability of the UAE and regional federal governments to draw in talent; their innovation-first technique, abundance of capital here in addition to inflow worldwide are the essential building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of handle the greatest values, with 250 "largest ticket size" deals tape-recorded in 2025 in the nation.
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