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Affirming 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 region using it in their tasks over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the country are prepared to deploy AI responsibly, well above the 76 percent worldwide standard, supported by the Kingdom's information governance community, including national efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area appealing, including having more pragmatic laws to permit for experimentation and development," stated the report.
Maximizing Industrial Growth Through Strategic InnovationLeading magnate, policymakers and financiers from the GCC and Latin America just recently checked out how nations from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 regional and global policymakers, presidents, CEOs, service leaders, investors, and market professionals went to the very first Global Business 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 area were $5.6 billion, a declaration from organisers stated. Both regions depend on each other for important items.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent 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 depends on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, stated a declaration.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how companies can gain from the changing patterns of worldwide need 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 internationally too, by serving as a details and research centre, by offering service documents, offering legal services, helping with networking opportunities by means of signature organization occasions and delivering practically every conceivable company option, it specified.
GCC growth will strengthen in 2026, led by faster growth in hydrocarbons; non-oil development will stay strong however slow slightly. Non-oil activity will be supported by population development, 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 mixed, with surpluses in UAE and Qatar, however deficits continue somewhere else.
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 skill, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 analyzing "What Does the Next Year of Endeavor Capital Look Like", speakers concurred that the emerging local investment landscape appears appealing.
Reacting to a question on local startups' potential customers of benefiting from recent financial investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have so much choosing us in the region: the low cost of energy, a very progressive government that is ahead in policy, guideline and data privacy; and really strong instructional institutions that are progressively taking a look at AI and ending up technical talent in AI."She added: "Our supreme goal is to see this region, specifically the GCC, end up being an AI superpower.
Our biggest driver right now is buying talent, since in the AI race, it's the technical skill that actually wins."Concentrating on the appearance of the area for financiers, Christos Mastoras, Creator and Managing Partner of Iliad Partners, said: "I believe we are extremely lucky to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for investment in the area.
"International development funds are coming in, which reveals clear signs of maturity of the ecosystem The ability of the UAE and regional governments to attract talent; their innovation-first approach, abundance of capital here along with inflow globally are the crucial building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of handle the greatest values, with 250 "largest ticket size" deals tape-recorded in 2025 in the nation.
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