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Affirming the development of AI in the region, a report launched by PwC previously this month stated that the usage of AI among the labor force in the Middle East continues to increase, with 75 percent of staff members in the region utilizing it in their tasks over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the country are prepared to release AI responsibly, well above the 76 percent international criteria, supported by the Kingdom's data governance environment, consisting of national 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 growth," said the report.
The Strategic Advantages of Deep Market ResearchTop magnate, policymakers and financiers from the GCC and Latin America recently explored how countries 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 participated in the 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 area were $5.6 billion, a statement from organisers said. Both areas rely on each other for vital products.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the area'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 lorries and Chile for wood products, said a declaration.
The online forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how organizations can benefit from the changing patterns of worldwide demand and what role Dubai can play in facilitating the next step in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however globally too, by serving as an info and research centre, by offering organization documentation, providing legal services, facilitating networking opportunities through signature organization occasions and delivering almost every possible company solution, it stated.
GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain solid but slow a little. Non-oil activity will be supported by population development, new industries, and public financial investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector growth will speed up, offsetting in part lower oil costs; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits continue elsewhere.
SHARJAH (WAM) The GCC and wider 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 skill, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 analyzing "What Does the Next Year of Endeavor Capital Appear Like", speakers agreed that the emerging regional investment landscape appears appealing.
Driving Organizational Change in the 2026 GCCResponding to a concern on regional startups' prospects of gaining from recent financial investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have so much going for us in the area: the low cost of energy, an extremely progressive government that is ahead in policy, regulation and information personal privacy; and really strong educational institutions that are significantly taking a look at AI and turning out technical talent in AI."She included: "Our supreme goal is to see this area, specifically the GCC, end up being an AI superpower.
Our greatest chauffeur right now is investing in talent, since in the AI race, it's the technical skill that truly wins.
"International development funds are coming in, which reveals clear signs of maturity of the ecosystem The capability of the UAE and local governments to draw in skill; their innovation-first method, abundance of capital here along with inflow worldwide are the key foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of deals with the greatest worths, with 250 "largest ticket size" offers recorded in 2025 in the country.
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