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Verifying the development of AI in the area, a report released by PwC previously this month stated that the usage of AI amongst the workforce 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 released by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the country are prepared to release AI properly, well above the 76 percent global benchmark, supported by the Kingdom's information governance environment, consisting of national initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the region appealing, including having more practical laws to permit experimentation and growth," said the report.
How Digital Transformation Will Drive Success?Top magnate, policymakers and investors from the GCC and Latin America recently checked out 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, magnate, investors, and industry professionals participated in the very first Global Service 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers said. Both areas count on each other for vital items.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it added. Brazil is without a doubt the largest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for vehicles and Chile for wood products, said a statement.
The forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how organizations can gain from the altering patterns of worldwide demand and what function Dubai can play in facilitating 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 acting as a details and research study centre, by offering organization documentation, providing legal services, facilitating networking opportunities through signature business events and providing nearly every conceivable business service, it mentioned.
GCC development will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will remain strong however sluggish slightly. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector development will speed up, balancing out in part lower oil prices; fiscal balances will be mixed, with surpluses in UAE and Qatar, however 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 federal government policies attracting funds and talent, said company leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Appear Like", speakers agreed that the emerging regional investment landscape appears appealing.
How Digital Transformation Will Drive Success?Reacting to a question on local start-ups' prospects of taking advantage of current investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have a lot opting for us in the region: the low cost of energy, a very progressive government that is ahead in policy, policy and information personal privacy; and really strong universities that are significantly looking at AI and ending up technical skill in AI."She added: "Our supreme objective is to see this region, specifically the GCC, end up being an AI superpower.
Our most significant driver right now is investing in skill, because in the AI race, it's the technical skill that actually wins.
"International development funds are coming in, which shows clear signs of maturity of the ecosystem The capability of the UAE and local federal governments to bring in talent; their innovation-first approach, abundance of capital here in addition to inflow worldwide are the key building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of offers with the greatest worths, with 250 "biggest ticket size" deals tape-recorded in 2025 in the country.
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