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Verifying the growth of AI in the region, a report released by PwC earlier this month stated that the use of AI amongst the workforce in the Middle East continues to increase, with 75 percent of employees in the region utilizing it in their tasks 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 ready to deploy AI properly, well above the 76 percent global benchmark, supported by the Kingdom's data governance community, including national initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the region attractive, consisting of having more pragmatic laws to permit experimentation and development," stated the report.
Structure Brand Name Authority in Saudi Arabia's New Economic ZonesTop magnate, policymakers and financiers from the GCC and Latin America just recently explored how countries from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, heads of state, CEOs, business leaders, financiers, and industry experts participated in the very first Global Company 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 items 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 vital products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it added. Brazil is by far the largest trading partner for countries in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (primarily 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 "Shifting Synergies", checks out how organizations can benefit from the altering patterns of worldwide demand and what role Dubai can play in assisting in the next action in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but globally too, by serving as an information and research centre, by supplying organization documentation, offering legal services, helping with networking chances through signature organization occasions and providing almost every possible business solution, it specified.
GCC growth will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain solid but slow somewhat. Non-oil activity will be supported by population development, new industries, and public financial investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector development will speed up, offsetting in part lower oil prices; financial balances will be mixed, with surpluses in UAE and Qatar, but deficits persist in other places.
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 drawing in funds and skill, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Appear Like", speakers concurred that the emerging regional financial investment landscape appears appealing.
Selecting the Right Hybrid Outsourcing Design for 2026Reacting to a concern on local start-ups' potential customers of gaining from recent financial investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have so much going for us in the region: the low expense of energy, a very progressive government that is ahead in policy, guideline and information personal privacy; and actually strong instructional organizations that are significantly looking at AI and turning out technical talent in AI."She added: "Our supreme objective is to see this region, particularly the GCC, end up being an AI superpower.
Our biggest motorist today is buying skill, due to the fact that in the AI race, it's the technical skill that really wins."Concentrating on the appearance of the area for investors, Christos Mastoras, Founder and Handling Partner of Iliad Partners, said: "I think we are extremely fortunate to onboard the three largest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International growth funds are can be found in, which shows clear signs of maturity of the ecosystem The capability of the UAE and local governments to bring in talent; their innovation-first technique, abundance of capital here in addition to inflow globally are the crucial foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of deals with the greatest worths, with 250 "largest ticket size" deals tape-recorded in 2025 in the country.
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