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Affirming the development of AI in the area, a report launched 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 employees in the area utilizing it in their jobs over the previous 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 all set to release AI responsibly, well above the 76 percent worldwide standard, supported by the Kingdom's data governance environment, including nationwide efforts led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the area attractive, including having more pragmatic laws to allow for experimentation and development," said the report.
Long-Term Dubai Economic Growth Models for 2026Top service leaders, policymakers and financiers from the GCC and Latin America recently explored how countries from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, presidents, CEOs, magnate, investors, and industry specialists participated in the very first Global Service 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 products from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers stated. Both regions depend on each other for essential products.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it included. Brazil is without a doubt the biggest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for cars and Chile for wood items, stated a statement.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how services can benefit from the altering patterns of global need and what function Dubai can play in assisting in the next action in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by acting as an information and research centre, by supplying company documents, using legal services, assisting in networking opportunities via signature organization events and delivering practically every possible service service, it stated.
GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil development will stay strong but sluggish a little. Non-oil activity will be supported by population growth, brand-new industries, and public financial investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector growth will speed up, balancing out in part lower oil rates; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits continue in other places.
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 government policies drawing in funds and skill, stated company leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the 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.
Long-Term Dubai Economic Growth Models for 2026Responding to a question on local startups' prospects of gaining from current investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have so much going for us in the region: the low cost of energy, a very progressive government that is ahead in policy, regulation and information privacy; and really strong instructional organizations that are significantly taking a look at AI and turning out technical skill in AI."She included: "Our ultimate objective is to see this region, particularly the GCC, become an AI superpower.
Our most significant driver right now is investing in talent, since in the AI race, it's the technical talent that really wins.
"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 technique, abundance of capital here in addition to inflow internationally are the crucial foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of offers with the greatest worths, with 250 "largest ticket size" deals tape-recorded in 2025 in the nation.
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