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Verifying the growth of AI in the region, a report launched by PwC earlier this month said that the usage of AI amongst the labor force in the Middle East continues to increase, with 75 percent of staff members in the area using it in their tasks over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the innovation sector and stated that 84 percent of CEOs in the nation are prepared to release AI properly, well above the 76 percent global criteria, supported by the Kingdom's information governance community, consisting of national efforts led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the region appealing, including having more pragmatic laws to enable experimentation and development," said the report.
Leading service leaders, policymakers and financiers from the GCC and Latin America recently explored how countries from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 local and worldwide policymakers, heads of state, CEOs, magnate, financiers, and industry specialists participated in the first Global Service 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 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 important products.
In 2015 Latin America provided nearly 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 largest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (mainly 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 theme "Shifting Synergies", checks out how businesses can take advantage of the changing patterns of global demand and what function Dubai can play in assisting in the next action in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by functioning as an information and research centre, by providing organization documentation, using legal services, helping with networking opportunities through signature company events and delivering almost every possible organization option, it stated.
GCC development will enhance in 2026, led by faster growth in hydrocarbons; non-oil development will remain solid however slow a little. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector growth will speed up, balancing out in part lower oil costs; fiscal balances will be mixed, with surpluses in UAE and Qatar, however deficits continue elsewhere.
SHARJAH (WAM) The GCC and wider Middle East area 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 talent, stated business leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 examining "What Does the Next Year of Endeavor Capital Look Like", speakers concurred that the emerging regional financial investment landscape appears appealing.
How to Leverage GCC Research for 2026 GrowthReacting to a concern on local start-ups' potential customers of benefiting from recent financial investments in digital infrastructure, 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 really progressive government that is ahead in policy, policy and information personal privacy; and really strong academic institutions that are increasingly looking at AI and turning out technical talent in AI."She added: "Our ultimate objective is to see this area, particularly the GCC, become an AI superpower.
Our greatest driver right now is investing in skill, because in the AI race, it's the technical skill that really wins."Concentrating on the appearance of the region for investors, Christos Mastoras, Founder and Handling Partner of Iliad Partners, said: "I believe we are really fortunate to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International development funds are being available in, which shows clear signs of maturity of the ecosystem The capability of the UAE and regional governments to bring in skill; their innovation-first method, abundance of capital here in addition to inflow internationally are the essential structure blocks."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 "biggest ticket size" offers tape-recorded in 2025 in the nation.
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