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Verifying the development of AI in the region, a report launched by PwC previously this month said that the use of AI amongst the workforce in the Middle East continues to rise, with 75 percent of employees in the area using it in their tasks over the previous 12 months.
In November, a report launched 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 responsibly, well above the 76 percent international benchmark, supported by the Kingdom's data governance community, including nationwide initiatives led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the area attractive, including having more pragmatic laws to allow for experimentation and growth," said the report.
Integrating Smart Automation Into Gulf Shared Service CentersLeading business leaders, policymakers and investors from the GCC and Latin America recently checked out how countries from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, presidents, CEOs, magnate, financiers, and industry professionals attended the very first Global Organization Online 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 items from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers said. Both areas depend on each other for necessary products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent 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. Among the Latin American states, the GCC relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, said a declaration.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how businesses can take advantage of the altering patterns of worldwide need and what function Dubai can play in assisting in the next step in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but internationally too, by functioning as a details and research centre, by providing organization paperwork, providing legal services, assisting in networking opportunities via signature company occasions and delivering practically every possible company solution, it specified.
GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will remain strong however slow slightly. 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 accelerate, balancing out in part lower oil costs; fiscal balances will be blended, with surpluses in UAE and Qatar, however deficits continue 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 magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging regional financial investment landscape appears appealing.
Integrating Smart Automation Into Gulf Shared Service CentersReacting to a concern on regional startups' potential customers of benefiting from recent investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have so much opting for us in the area: the low expense of energy, a really progressive government that is ahead in policy, policy and information personal privacy; and really strong educational institutions that are increasingly taking a look at AI and turning out technical skill in AI."She added: "Our supreme objective is to see this area, particularly the GCC, end up being an AI superpower.
Our greatest motorist right now is purchasing talent, due to the fact that in the AI race, it's the technical skill that actually wins."Focusing on the appearance of the region for financiers, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I believe we are very fortunate to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the area.
"International growth funds are being available in, which shows clear signs of maturity of the environment The ability of the UAE and local federal governments to attract skill; their innovation-first method, abundance of capital here along with inflow internationally are the crucial structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of offers with the highest values, with 250 "biggest ticket size" deals taped in 2025 in the nation.
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