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Verifying the growth of AI in the area, a report launched by PwC previously this month stated that the use of AI amongst the workforce in the Middle East continues to rise, with 75 percent of staff members in the area utilizing it in their tasks over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the country are all set to release AI properly, well above the 76 percent global benchmark, supported by the Kingdom's data governance environment, including nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the area appealing, consisting of having more pragmatic laws to permit experimentation and development," said the report.
Top organization leaders, policymakers and financiers from the GCC and Latin America just recently checked out how nations from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 regional and global policymakers, presidents, CEOs, service leaders, financiers, and market experts participated in the first Global Company Online 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 items from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers stated. Both areas rely on each other for necessary products.
In 2015 Latin America supplied nearly 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 area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for cars and Chile for wood products, stated a declaration.
The forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how organizations can take advantage of the changing patterns of global need and what function Dubai can play in facilitating the next action in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however worldwide too, by serving as an info and research study centre, by supplying company paperwork, providing legal services, helping with networking chances by means of signature business events and providing nearly every conceivable service option, it mentioned.
GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will stay strong but sluggish a little. Non-oil activity will be supported by population growth, new industries, and public financial investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector development will speed up, offsetting in part lower oil costs; financial balances will be combined, with surpluses in UAE and Qatar, but deficits persist in other places.
SHARJAH (WAM) The GCC and broader 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 attracting funds and skill, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (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 Appear Like", speakers agreed that the emerging local financial investment landscape appears appealing.
Boosting Dubai Manufacturing Expansion InitiativesReacting to a concern on regional startups' potential customers of gaining from current investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have a lot opting for us in the region: the low cost of energy, an extremely progressive federal government that is ahead in policy, guideline and information privacy; and truly strong educational institutions that are significantly taking a look at AI and ending up technical skill in AI."She added: "Our ultimate objective is to see this area, specifically the GCC, end up being an AI superpower.
Our biggest motorist right now is buying talent, since in the AI race, it's the technical skill that actually wins."Concentrating on the attractiveness of the region for investors, Christos Mastoras, Creator and Managing Partner of Iliad Partners, said: "I think we are extremely fortunate to onboard the three biggest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International development funds are can be found in, which reveals clear indications of maturity of the community The capability of the UAE and local federal governments to attract skill; their innovation-first approach, abundance of capital here along with inflow worldwide are the essential structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of deals with the highest worths, with 250 "largest ticket size" offers tape-recorded in 2025 in the nation.
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