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Verifying the development of AI in the region, a report launched by PwC earlier this month said that the usage of AI amongst the workforce in the Middle East continues to rise, with 75 percent of staff members in the area utilizing it in their tasks over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the technology sector and stated that 84 percent of CEOs in the country are ready to deploy AI properly, well above the 76 percent global standard, supported by the Kingdom's information governance ecosystem, including nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area attractive, consisting of having more practical laws to allow for experimentation and development," said the report.
The Development of Third-Party Risk Management in the GCCTop magnate, policymakers and financiers from the GCC and Latin America recently explored how countries from the two areas can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, presidents, CEOs, company leaders, financiers, and industry specialists attended the first Global Company 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 region were $5.6 billion, a statement from organisers stated. Both areas rely on each other for important items.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the area's total sugar imports, it added. Brazil is by far the biggest trading partner for countries 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 cars and Chile for wood products, stated a statement.
The online forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how businesses can take advantage of the changing patterns of worldwide demand and what function Dubai can play in facilitating the next step in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but globally too, by acting as an info and research study centre, by offering business documents, offering legal services, facilitating networking opportunities via signature organization occasions and delivering practically every possible service option, it specified.
GCC development will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will remain solid however sluggish slightly. Non-oil activity will be supported by population growth, new markets, and public investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector growth will speed up, balancing out in part lower oil costs; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits persist 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 government policies attracting funds and skill, stated organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 examining "What Does the Next Year of Endeavor Capital Appear Like", speakers agreed that the emerging regional investment landscape appears promising.
The Development of Third-Party Risk Management in the GCCReacting to a concern on regional start-ups' prospects of gaining from current investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have so much choosing us in the area: the low expense of energy, an extremely progressive government that is ahead in policy, guideline and information personal privacy; and actually strong universities that are progressively taking a look at AI and turning out technical talent in AI."She included: "Our ultimate goal is to see this area, particularly the GCC, end up being an AI superpower.
Our biggest driver right now is buying talent, since in the AI race, it's the technical talent that actually wins."Focusing on the beauty of the area for financiers, Christos Mastoras, Founder and Managing Partner of Iliad Partners, stated: "I believe we are really fortunate to onboard the three largest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International development funds are can be found in, which reveals clear indications of maturity of the ecosystem The capability of the UAE and regional governments to bring in skill; their innovation-first approach, abundance of capital here along with inflow globally are the key building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of offers with the greatest worths, with 250 "largest ticket size" deals tape-recorded in 2025 in the nation.
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