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Verifying 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 workers in the region using it in their tasks over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the nation are all set to deploy AI properly, well above the 76 percent international criteria, supported by the Kingdom's data governance environment, including national efforts led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the region appealing, consisting of having more pragmatic laws to permit experimentation and development," said the report.
Leading service leaders, policymakers and financiers from the GCC and Latin America just recently checked out how countries from the two regions can grow trade between each other in Dubai, UAE.More than 500 local and global policymakers, presidents, CEOs, organization leaders, investors, and industry specialists participated in the very first Global Business 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 goods from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both areas depend on each other for necessary items.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the area's total sugar imports, it included. Brazil is by far the largest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, said a declaration.
The forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how businesses can benefit from the changing patterns of global need and what role Dubai can play in facilitating the next step in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but internationally too, by functioning as an information and research centre, by offering business paperwork, providing legal services, helping with networking opportunities by means of signature company events and delivering almost every possible company option, it specified.
GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong but sluggish slightly. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector development will accelerate, offsetting in part lower oil costs; financial 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 investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies drawing in funds and talent, said organization leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Look Like", speakers agreed that the emerging local financial investment landscape appears appealing.
Connecting Policy and Business Performance in the GulfReacting to a question on regional start-ups' prospects of gaining from current investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have a lot opting for us in the area: the low expense of energy, a very progressive government that is ahead in policy, regulation and information privacy; and really strong universities that are significantly looking at AI and turning out technical skill in AI."She included: "Our supreme objective is to see this region, particularly the GCC, end up being an AI superpower.
Our most significant chauffeur right now is buying talent, because in the AI race, it's the technical skill that truly wins."Focusing on the attractiveness of the region for investors, Christos Mastoras, Creator and Handling Partner of Iliad Partners, stated: "I think we are really fortunate to onboard the three largest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International growth funds are can be found in, which shows clear indications of maturity of the environment The capability of the UAE and local governments to draw in talent; their innovation-first approach, abundance of capital here as well as inflow globally are the crucial foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of handle the greatest worths, with 250 "biggest ticket size" deals recorded in 2025 in the country.
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