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Affirming the development of AI in the area, a report released by PwC earlier this month said that the use of AI amongst the labor force in the Middle East continues to increase, with 75 percent of staff members in the region utilizing it in their jobs over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the country are prepared to deploy AI properly, well above the 76 percent international standard, supported by the Kingdom's data governance environment, including nationwide efforts led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the area attractive, including having more practical laws to enable experimentation and development," said the report.
How Digital Transformation Will Drive Success?Top magnate, policymakers and financiers from the GCC and Latin America recently explored how countries from the two regions can grow trade between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, magnate, investors, and market experts participated in the 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 items from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers stated. Both areas depend on each other for important products.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent of the area's total sugar imports, it included. Brazil is without a doubt the largest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, stated a declaration.
The forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how companies can take advantage of the altering patterns of worldwide need and what role Dubai can play in helping with 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 centre, by providing organization documentation, offering legal services, facilitating networking opportunities by means of signature company occasions and providing practically every imaginable service solution, it mentioned.
GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will stay solid however slow somewhat. Non-oil activity will be supported by population growth, new industries, and public investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector growth will accelerate, offsetting in part lower oil costs; financial balances will be mixed, with surpluses in UAE and Qatar, but deficits persist elsewhere.
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 Celebration (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 examining "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging regional investment landscape appears promising.
Reacting to a question on local start-ups' prospects of benefiting from recent financial investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have so much going for us in the region: the low cost of energy, an extremely progressive federal government that is ahead in policy, guideline and data personal privacy; and really strong instructional institutions that are increasingly looking at AI and turning out technical talent in AI."She added: "Our supreme objective is to see this region, particularly the GCC, end up being an AI superpower.
Our greatest motorist right now is investing in talent, due to the fact that in the AI race, it's the technical skill that truly wins.
"International development funds are coming in, which reveals clear indications of maturity of the ecosystem The ability of the UAE and regional federal governments to attract skill; their innovation-first technique, abundance of capital here as well as inflow globally are the essential foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of handle the greatest worths, with 250 "largest ticket size" deals tape-recorded in 2025 in the nation.
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