Reviewing New GCC Data for Future Growth

Verifying the development of AI in the region, a report released by PwC earlier this month stated that the usage of AI amongst the labor force in the Middle East continues to increase, with 75 percent of staff members in the area utilizing it in their tasks over the past 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the country are all set to deploy AI properly, well above the 76 percent worldwide standard, supported by the Kingdom's information governance ecosystem, consisting of national efforts 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 permit for experimentation and development," stated the report.

Leading magnate, policymakers and financiers from the GCC and Latin America recently checked out how nations from the two regions can grow trade in between each other in Dubai, UAE.More than 500 regional and international policymakers, heads of state, CEOs, business leaders, investors, and market specialists participated in the first Global Organization Online forum Latin America held at the Atlantis Palm - Dubai.

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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 region were $5.6 billion, a declaration from organisers stated. 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 included. Brazil is by far the largest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, said a statement.

The forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how organizations can take advantage of the altering patterns of worldwide need and what function Dubai can play in facilitating the next step in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but worldwide too, by acting as an information and research study centre, by supplying business documentation, providing legal services, helping with networking opportunities by means of signature business occasions and providing almost every imaginable organization solution, it mentioned.

GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will remain strong but slow somewhat. Non-oil activity will be supported by population growth, new industries, and public financial investment; inflation will remain soft, while monetary policy will loosen up. Hydrocarbons sector growth will speed up, offsetting in part lower oil prices; fiscal balances will be combined, with surpluses in UAE and Qatar, however deficits continue somewhere else.

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SHARJAH (WAM) The GCC and larger 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 drawing in funds and skill, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the first day of SEF 2026 examining "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging regional investment landscape appears promising.

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Reacting to a question on local start-ups' prospects of taking advantage of recent investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have so much going for us in the area: the low expense of energy, an extremely progressive federal government that is ahead in policy, guideline and information privacy; and really strong universities that are increasingly taking a look at AI and ending up technical talent in AI."She added: "Our ultimate goal is to see this region, particularly the GCC, end up being an AI superpower.

Our biggest motorist today is buying talent, due to the fact that in the AI race, it's the technical skill that actually wins."Focusing on the attractiveness of the area for financiers, Christos Mastoras, Founder and Managing Partner of Iliad Partners, stated: "I think we are extremely lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the area.

"International growth funds are coming in, which shows clear indications of maturity of the community The capability of the UAE and regional governments to attract talent; their innovation-first technique, abundance of capital here in addition to inflow worldwide are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of handle the highest values, with 250 "largest ticket size" offers recorded in 2025 in the country.