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Verifying the growth of AI in the area, a report launched 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 employees in the region utilizing it in their jobs over the previous 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's development in the innovation sector and said that 84 percent of CEOs in the country are ready to deploy AI properly, well above the 76 percent international standard, supported by the Kingdom's information governance environment, consisting of nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the region appealing, including having more pragmatic laws to enable for experimentation and development," stated the report.
Top magnate, policymakers and financiers from the GCC and Latin America recently checked out how countries from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 local and worldwide policymakers, presidents, CEOs, organization leaders, financiers, and industry experts participated in the first Global Service 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 products from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers said. Both regions count on each other for necessary items.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it included. Brazil is without a doubt the largest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, stated a declaration.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how services can gain from the changing patterns of global demand and what role Dubai can play in helping with the next action in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by serving as an information and research study centre, by offering business documents, offering legal services, helping with networking chances via signature organization occasions and delivering nearly every imaginable service service, it stated.
GCC development will enhance in 2026, led by faster growth in hydrocarbons; non-oil growth will stay strong however slow a little. Non-oil activity will be supported by population development, brand-new industries, and public investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector growth will speed up, balancing out in part lower oil prices; financial balances will be mixed, with surpluses in UAE and Qatar, but deficits persist in other places.
SHARJAH (WAM) The GCC and broader Middle East region 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, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the very first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging local financial investment landscape appears appealing.
Corporate Planning for Middle East LeadershipReacting to a question on regional start-ups' prospects of benefiting from current financial investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have so much choosing us in the area: the low expense of energy, an extremely progressive government that is ahead in policy, policy and information personal privacy; and actually strong universities that are increasingly looking at AI and turning out technical skill in AI."She included: "Our ultimate objective is to see this area, specifically the GCC, become an AI superpower.
Our greatest motorist right now is investing in skill, because in the AI race, it's the technical skill that really wins.
"International growth funds are can be found in, which shows clear indications of maturity of the environment The ability of the UAE and local governments to attract talent; their innovation-first technique, abundance of capital here as well as inflow internationally are the key foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of handle the highest worths, with 250 "largest ticket size" deals taped in 2025 in the country.
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