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Verifying the development of AI in the area, a report launched by PwC previously this month said that the use of AI among the workforce in the Middle East continues to increase, with 75 percent of staff members in the region using it in their jobs over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's development in the innovation sector and stated 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 ecosystem, consisting of national efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the region appealing, including having more pragmatic laws to allow for experimentation and development," stated the report.
Leading organization leaders, policymakers and financiers from the GCC and Latin America just recently checked out how nations from the two areas can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, heads of state, CEOs, service leaders, financiers, and market experts went to the very first Global Organization 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 products from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers stated. Both regions depend on each other for necessary items.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the region's total sugar imports, it added. Brazil is by far the largest trading partner for countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for vehicles and Chile for wood products, said a declaration.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how services can take advantage of the changing patterns of international demand and what function Dubai can play in helping with the next action in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however globally too, by functioning as a details and research centre, by providing service paperwork, using legal services, helping with networking chances by means of signature business events and providing almost every conceivable business solution, it stated.
GCC development will enhance in 2026, led by faster expansion in hydrocarbons; non-oil development will stay solid however slow somewhat. Non-oil activity will be supported by population growth, new markets, and public investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector development will accelerate, balancing out in part lower oil prices; financial balances will be blended, with surpluses in UAE and Qatar, but deficits persist elsewhere.
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 bring in funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Endeavor Capital Look Like", speakers concurred that the emerging local financial investment landscape appears promising.
The Rise of the Fractional Labor Force in the UAEResponding to a question on local start-ups' potential customers of gaining from recent investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have a lot going for us in the region: the low cost of energy, a very progressive government that is ahead in policy, guideline and information privacy; and actually strong educational organizations that are significantly looking at AI and ending up technical talent in AI."She included: "Our supreme goal is to see this region, specifically the GCC, end up being an AI superpower.
Our biggest chauffeur right now is purchasing talent, because in the AI race, it's the technical skill that really wins."Focusing on the appearance of the region for investors, Christos Mastoras, Founder and Handling Partner of Iliad Partners, said: "I think we are extremely lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International development funds are being available in, which shows clear signs of maturity of the environment The ability of the UAE and local federal governments to draw in skill; their innovation-first method, abundance of capital here as well as inflow worldwide are the key foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the number of offers with the highest values, with 250 "biggest ticket size" deals taped in 2025 in the nation.
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