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Verifying the development 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 rise, with 75 percent of staff members in the region utilizing it in their jobs over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the innovation sector and stated that 84 percent of CEOs in the country are prepared to release AI properly, well above the 76 percent worldwide criteria, supported by the Kingdom's data governance environment, including national efforts led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the region appealing, consisting of having more pragmatic laws to permit experimentation and development," stated the report.
Top organization leaders, policymakers and investors from the GCC and Latin America recently explored how nations from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, organization leaders, financiers, and market specialists went to the first Global Service 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 areas depend on each other for essential products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it included. Brazil is without a doubt the biggest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, stated a statement.
The forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how businesses can benefit from the altering patterns of global need and what function Dubai can play in facilitating the next step in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but globally too, by serving as an info and research study centre, by providing service documentation, using legal services, facilitating networking chances through signature company occasions and delivering almost every conceivable business solution, it specified.
GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will stay solid but slow slightly. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector growth will speed up, balancing out 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 investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies bring in funds and talent, said company leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging local financial investment landscape appears promising.
The Future of Performance Management in the UAEReacting to a concern on regional start-ups' prospects of gaining from current 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 very progressive federal government that is ahead in policy, policy and information privacy; and really strong instructional organizations that are progressively taking a look at AI and ending up technical skill in AI."She included: "Our ultimate objective is to see this area, specifically the GCC, become an AI superpower.
Our most significant motorist right now is investing in talent, due to the fact that in the AI race, it's the technical talent that really wins.
"International growth funds are being available in, which shows clear signs of maturity of the ecosystem The capability of the UAE and local governments to attract skill; their innovation-first technique, abundance of capital here as well as inflow globally are the essential structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of handle the greatest values, with 250 "largest ticket size" deals recorded in 2025 in the nation.
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