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Affirming the development of AI in the region, a report released by PwC previously this month stated that the use of AI among the workforce in the Middle East continues to increase, with 75 percent of workers in the area using it in their tasks over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's development in the technology sector and said that 84 percent of CEOs in the nation are ready to release AI properly, well above the 76 percent global benchmark, supported by the Kingdom's information governance environment, consisting of national efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the area attractive, consisting of having more pragmatic laws to permit experimentation and development," said the report.
Leading magnate, policymakers and investors from the GCC and Latin America just recently checked out how nations from the two regions can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, heads of state, CEOs, organization leaders, financiers, and market experts attended the very first Global Company Online 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 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 vital items.
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 added. Brazil is by far the biggest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for vehicles 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 services can take advantage of the changing patterns of international demand and what role Dubai can play in facilitating the next action in organization relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by functioning as a details and research centre, by offering business paperwork, offering legal services, assisting in networking opportunities via signature organization events and providing practically every possible business service, it specified.
GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will remain solid but slow slightly. Non-oil activity will be supported by population growth, brand-new markets, and public financial investment; inflation will stay soft, while monetary 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, however deficits persist in other places.
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 drawing in funds and talent, said business leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 analyzing "What Does the Next Year of Endeavor Capital Appear Like", speakers agreed that the emerging local investment landscape appears appealing.
Reacting to a concern on regional start-ups' prospects of benefiting from current investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have so much opting for us in the area: the low expense of energy, a very progressive federal government that is ahead in policy, guideline and information personal privacy; and actually strong educational organizations that are increasingly looking at AI and ending up technical talent in AI."She included: "Our supreme objective is to see this region, specifically the GCC, end up being an AI superpower.
Our greatest chauffeur today is investing in talent, because in the AI race, it's the technical talent that actually wins."Focusing on the attractiveness of the area for investors, Christos Mastoras, Founder and Handling Partner of Iliad Partners, stated: "I think we are really lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for investment in the region.
"International development funds are coming in, which shows clear indications of maturity of the community The capability of the UAE and local federal governments to attract skill; their innovation-first approach, abundance of capital here in addition to inflow worldwide are the essential foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of handle the highest worths, with 250 "largest ticket size" offers tape-recorded in 2025 in the country.
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