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Affirming the growth of AI in the region, a report launched by PwC earlier this month said that the use of AI amongst the workforce in the Middle East continues to rise, with 75 percent of workers in the region utilizing it in their jobs over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's development in the innovation sector and stated that 84 percent of CEOs in the nation are prepared to deploy AI properly, well above the 76 percent worldwide benchmark, supported by the Kingdom's information governance ecosystem, consisting of national efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the region appealing, consisting of having more pragmatic laws to permit experimentation and development," said the report.
Leading magnate, policymakers and financiers from the GCC and Latin America recently explored how nations from the two areas can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, magnate, financiers, and industry professionals attended the very first Global Business 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 items from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both regions rely on each other for essential 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 included. Brazil is without a doubt 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 (primarily poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, stated a declaration.
The forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how services can gain from the changing patterns of global demand and what function Dubai can play in facilitating the next step in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but globally too, by serving as a details and research study centre, by offering organization paperwork, using legal services, helping with networking chances via signature service occasions and providing nearly every imaginable business option, it mentioned.
GCC growth will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will remain strong but sluggish somewhat. Non-oil activity will be supported by population development, brand-new industries, and public financial investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector development will speed up, offsetting in part lower oil rates; fiscal balances will be mixed, with surpluses in UAE and Qatar, but deficits continue elsewhere.
SHARJAH (WAM) The GCC and wider Middle East region 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 service leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging regional financial investment landscape appears promising.
Essential Tips for Industrial Excellence in Dubai
Reacting to a concern on regional startups' potential customers of taking advantage of current investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have a lot choosing us in the area: the low cost of energy, a very progressive federal government that is ahead in policy, policy and data personal privacy; and truly strong academic institutions that are significantly taking a look at AI and ending up technical skill in AI."She included: "Our ultimate goal is to see this area, specifically the GCC, end up being an AI superpower.
Our most significant driver today is investing in skill, due to the fact that in the AI race, it's the technical skill that truly wins."Focusing on the attractiveness of the area for investors, Christos Mastoras, Founder and Handling Partner of Iliad Partners, stated: "I believe we are very fortunate to onboard the three largest banks of Greece as LPs [Limited Partners] for investment in the area.
"International growth funds are can be found in, which reveals clear signs of maturity of the community The ability of the UAE and regional federal governments to draw in skill; their innovation-first method, abundance of capital here in addition to inflow worldwide are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of deals with the highest values, with 250 "largest ticket size" deals tape-recorded in 2025 in the country.
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