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Verifying the growth of AI in the region, a report released by PwC previously 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 using it in their tasks over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the technology sector and stated that 84 percent of CEOs in the nation are all set to release AI properly, well above the 76 percent global benchmark, supported by the Kingdom's data governance community, consisting of nationwide initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the area appealing, including having more practical laws to permit experimentation and development," stated the report.
The Comprehensive Guide to GCC Market Success for 2026Top magnate, policymakers and financiers from the GCC and Latin America just recently checked out how nations from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, business leaders, investors, and market professionals went to 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers stated. Both regions count on each other for necessary products.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the region's total sugar imports, it included. Brazil is without a doubt the largest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, stated a statement.
The online forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how businesses can take advantage of the changing patterns of worldwide need and what role Dubai can play in facilitating the next step in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but internationally too, by functioning as a details and research study centre, by providing organization documents, providing legal services, facilitating networking opportunities through signature service occasions and delivering practically every imaginable service option, it specified.
GCC growth will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay solid but slow somewhat. Non-oil activity will be supported by population development, new industries, and public financial investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector growth will speed up, balancing out in part lower oil rates; fiscal balances will be blended, with surpluses in UAE and Qatar, but deficits continue somewhere else.
SHARJAH (WAM) The GCC and wider Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies bring in funds and skill, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the first day of SEF 2026 examining "What Does the Next Year of Equity Capital Look Like", speakers concurred that the emerging regional financial investment landscape appears appealing.
Ways to Utilize GCC Intelligence for SuccessReacting to a concern on regional start-ups' potential customers of gaining from current financial investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have a lot going for us in the area: the low expense of energy, an extremely progressive federal government that is ahead in policy, policy and data personal privacy; and actually strong academic organizations that are significantly looking at AI and turning out technical talent in AI."She added: "Our supreme goal is to see this area, particularly the GCC, end up being an AI superpower.
Our greatest motorist right now is investing in talent, because in the AI race, it's the technical skill that actually wins."Focusing on the beauty of the region for financiers, Christos Mastoras, Founder and Handling Partner of Iliad Partners, stated: "I think we are extremely fortunate to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International development funds are can be found in, which shows clear signs of maturity of the ecosystem The ability of the UAE and local governments to attract skill; their innovation-first approach, abundance of capital here in addition to inflow globally are the crucial foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of handle the greatest worths, with 250 "biggest ticket size" offers recorded in 2025 in the country.
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