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Affirming the development of AI in the region, a report launched by PwC earlier this month said that the use of AI among the workforce in the Middle East continues to rise, with 75 percent of employees 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 innovation sector and said that 84 percent of CEOs in the country are prepared to deploy AI responsibly, well above the 76 percent worldwide criteria, supported by the Kingdom's data governance community, including national initiatives led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the area appealing, consisting of having more pragmatic laws to allow for experimentation and development," stated the report.
Top magnate, policymakers and financiers from the GCC and Latin America just recently explored how nations from the two regions can grow trade between each other in Dubai, UAE.More than 500 local and global policymakers, presidents, CEOs, service leaders, financiers, and industry experts attended the first Global Service Online 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 goods from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers said. Both areas depend on each other for essential items.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it added. 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 (generally poultry), Argentina for cereals, Mexico for cars and Chile for wood products, said a statement.
The online forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how companies can gain from the altering patterns of global demand and what role Dubai can play in assisting in the next step in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however worldwide too, by functioning as an information and research study centre, by offering company documentation, providing legal services, helping with networking chances by means of signature company events and providing practically every possible service service, it mentioned.
GCC development will enhance in 2026, led by faster growth in hydrocarbons; non-oil development will stay solid however sluggish a little. Non-oil activity will be supported by population development, new markets, and public financial investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector growth will accelerate, offsetting in part lower oil rates; financial balances will be combined, with surpluses in UAE and Qatar, but deficits persist somewhere else.
SHARJAH (WAM) The GCC and wider Middle East region is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies bring in funds and skill, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Look Like", speakers agreed that the emerging regional financial investment landscape appears appealing.
Comprehending the Subtleties of Omani Labor and Tax LawsResponding to a concern on regional start-ups' prospects of gaining from current investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have a lot going for us in the area: the low expense of energy, an extremely progressive government that is ahead in policy, policy and information privacy; and actually strong universities that are progressively taking a look at AI and turning out technical skill in AI."She added: "Our ultimate goal is to see this area, specifically the GCC, become an AI superpower.
Our most significant motorist right now is investing in talent, since in the AI race, it's the technical skill that actually wins.
"International growth funds are can be found in, which reveals clear indications of maturity of the ecosystem The capability of the UAE and regional governments to bring in skill; their innovation-first approach, abundance of capital here as well as inflow internationally are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of handle the highest worths, with 250 "largest ticket size" offers taped in 2025 in the country.
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