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Affirming the growth of AI in the area, a report released by PwC previously this month said that the usage of AI amongst the workforce in the Middle East continues to increase, with 75 percent of employees 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 responsibly, well above the 76 percent global criteria, supported by the Kingdom's data governance environment, including nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area attractive, consisting of having more practical laws to enable experimentation and development," stated the report.
A Comprehensive Guide to Regional Industrial Success in 2026Leading magnate, policymakers and financiers from the GCC and Latin America recently checked out how countries from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 local and worldwide policymakers, presidents, CEOs, service leaders, investors, and industry professionals attended the first Global Company 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 region were $5.6 billion, a statement from organisers said. Both regions count on each other for necessary products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the region's overall sugar imports, it added. Brazil is without a doubt the largest trading partner for nations in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (generally poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, said a statement.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how companies can benefit from the changing patterns of global demand and what role Dubai can play in helping with the next action in company relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however worldwide too, by functioning as an info and research study centre, by offering service paperwork, providing legal services, facilitating networking chances through signature organization occasions and delivering practically every imaginable service option, it specified.
GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil development will stay solid but slow a little. Non-oil activity will be supported by population growth, brand-new industries, and public investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector development will accelerate, offsetting in part lower oil costs; financial balances will be mixed, with surpluses in UAE and Qatar, however 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 government policies attracting funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging local financial investment landscape appears promising.
Middle East Economic News for Strategic PlanningResponding to a concern on local start-ups' potential customers of taking advantage of recent financial investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have a lot going for us in the area: the low cost of energy, a really progressive federal government that is ahead in policy, guideline and information personal privacy; and truly strong educational organizations that are increasingly taking a look at AI and ending up technical talent in AI."She added: "Our ultimate objective is to see this region, specifically the GCC, end up being an AI superpower.
Our greatest motorist today is investing in skill, because in the AI race, it's the technical skill that actually wins."Concentrating on the appearance of the region for financiers, Christos Mastoras, Founder and Handling Partner of Iliad Partners, said: "I believe we are extremely lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International growth funds are being available in, which shows clear indications of maturity of the community The ability of the UAE and regional federal governments to bring in skill; their innovation-first technique, abundance of capital here along with inflow globally are the crucial structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of deals with the highest worths, with 250 "largest ticket size" deals taped in 2025 in the nation.
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