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Verifying the growth of AI in the area, a report released by PwC earlier this month said that the use of AI among the labor force in the Middle East continues to increase, with 75 percent of employees in the area utilizing it in their jobs over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and said that 84 percent of CEOs in the nation are all set to release AI properly, well above the 76 percent global benchmark, supported by the Kingdom's data governance ecosystem, including national efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the area appealing, including having more pragmatic laws to enable experimentation and growth," stated the report.
Top magnate, policymakers and investors from the GCC and Latin America just recently checked out how nations from the two regions can grow trade in between each other in Dubai, UAE.More than 500 local and international policymakers, heads of state, CEOs, organization leaders, financiers, and market experts participated in the first Global Organization 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 region were $5.6 billion, a statement from organisers said. Both regions count on each other for important products.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the region's total sugar imports, it added. Brazil is by far the biggest trading partner for countries in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, stated a declaration.
The forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how services can take advantage of the altering patterns of global demand and what function Dubai can play in facilitating the next action in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by functioning as a details and research centre, by supplying service documents, using legal services, helping with networking opportunities via signature service occasions and providing practically every conceivable company service, it stated.
GCC development will enhance in 2026, led by faster growth in hydrocarbons; non-oil growth will stay strong however sluggish somewhat. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will remain soft, while monetary policy will loosen up. Hydrocarbons sector development will speed up, offsetting in part lower oil rates; fiscal balances will be blended, with surpluses in UAE and Qatar, however deficits persist elsewhere.
SHARJAH (WAM) The GCC and larger 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 attracting funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Look Like", speakers concurred that the emerging regional financial investment landscape appears promising.
Corporate Strategy for Regional Success
Reacting to a question on regional start-ups' potential customers of benefiting from current financial investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have so much going for us in the area: the low cost of energy, an extremely progressive federal government that is ahead in policy, guideline and data privacy; and truly strong instructional organizations that are significantly looking at AI and ending up technical skill in AI."She included: "Our ultimate goal is to see this area, particularly the GCC, end up being an AI superpower.
Our biggest driver today is purchasing talent, due to the fact that in the AI race, it's the technical skill that truly wins."Concentrating on the appearance of the area for financiers, 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 investment in the region.
"International development funds are being available in, which shows clear signs of maturity of the environment The capability of the UAE and local federal governments to draw in talent; their innovation-first approach, abundance of capital here along with inflow internationally are the key foundation."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 "biggest ticket size" offers taped in 2025 in the nation.
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