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Affirming the development of AI in the area, a report released by PwC earlier this month said that the usage of AI among the workforce in the Middle East continues to increase, with 75 percent of staff members in the area using it in their jobs 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 ready to deploy AI responsibly, well above the 76 percent international standard, supported by the Kingdom's data governance ecosystem, consisting of nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area appealing, including having more pragmatic laws to allow for experimentation and development," said the report.
Expert Advice On Managing Regional Market ComplexityLeading business leaders, policymakers and investors from the GCC and Latin America recently explored how nations from the two areas can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, magnate, financiers, and industry professionals participated in the very first Global Business 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 goods from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both areas rely on each other for necessary 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 by far the biggest trading partner for countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, said a statement.
The online forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how businesses can benefit from the changing patterns of worldwide demand and what role Dubai can play in assisting in the next action in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however globally too, by acting as an information and research study centre, by providing company documents, using legal services, facilitating networking chances through signature business occasions and providing nearly every possible business option, it stated.
GCC development will strengthen in 2026, led by faster growth in hydrocarbons; non-oil development will stay strong but sluggish somewhat. Non-oil activity will be supported by population growth, new markets, and public investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector development will accelerate, balancing out in part lower oil rates; fiscal balances will be mixed, with surpluses in UAE and Qatar, but deficits continue in other places.
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 government policies drawing in 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 analyzing "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging regional investment landscape appears appealing.
Expert Advice On Managing Regional Market ComplexityResponding to a question on local start-ups' prospects of gaining from current financial investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have a lot opting for us in the region: the low expense of energy, an extremely progressive federal government that is ahead in policy, policy and information privacy; and truly strong universities that are progressively looking at AI and turning out technical skill in AI."She included: "Our ultimate goal is to see this area, specifically the GCC, become an AI superpower.
Our biggest motorist today is buying skill, due to the fact that in the AI race, it's the technical talent that actually wins."Concentrating on the attractiveness of the region for investors, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I believe we are very lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International growth funds are coming in, which reveals clear indications of maturity of the ecosystem The ability of the UAE and local governments to attract skill; their innovation-first approach, abundance of capital here as well as inflow internationally are the essential building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the number of handle the greatest worths, with 250 "largest ticket size" offers recorded in 2025 in the country.
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