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Affirming the development of AI in the area, a report launched by PwC earlier this month said that the use of AI amongst the workforce in the Middle East continues to increase, with 75 percent of workers in the area utilizing it in their jobs over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress 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 worldwide standard, supported by the Kingdom's information governance community, consisting of nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the region appealing, consisting of having more practical laws to enable experimentation and growth," stated the report.
Enterprise Strategy in the Changing GCC MarketTop magnate, policymakers and investors from the GCC and Latin America recently checked out how nations from the 2 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 experts attended the very 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 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 region's overall sugar imports, it included. Brazil is without a doubt 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 (mainly poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, stated a statement.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how organizations can benefit from the altering patterns of global demand 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 however internationally too, by acting as an info and research centre, by supplying organization documentation, using legal services, assisting in networking chances by means of signature business events and delivering nearly every imaginable service service, it specified.
GCC development will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will remain solid but sluggish a little. Non-oil activity will be supported by population development, new industries, and public investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector development will speed up, balancing out in part lower oil costs; financial balances will be combined, with surpluses in UAE and Qatar, but deficits persist somewhere else.
SHARJAH (WAM) The GCC and broader 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 attracting funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the very first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Appear Like", speakers concurred that the emerging local investment landscape appears appealing.
Enterprise Strategy in the Changing GCC MarketReacting to a question on local start-ups' prospects of benefiting from current investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have so much choosing us in the region: the low cost of energy, a very progressive federal government that is ahead in policy, regulation and information privacy; and really strong universities that are significantly taking a look at AI and turning out technical skill in AI."She added: "Our ultimate goal is to see this area, particularly the GCC, become an AI superpower.
Our biggest driver right now is investing in skill, due to the fact that in the AI race, it's the technical skill that actually wins.
"International development funds are can be found in, which shows clear signs of maturity of the environment The capability of the UAE and regional governments to bring in skill; their innovation-first technique, abundance of capital here in addition to inflow worldwide are the essential building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of handle the highest worths, with 250 "biggest ticket size" offers recorded in 2025 in the nation.
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