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Affirming the growth of AI in the area, a report launched by PwC earlier this month stated 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 progress in the innovation sector and stated that 84 percent of CEOs in the country are ready to release AI properly, well above the 76 percent global standard, supported by the Kingdom's information governance environment, consisting of nationwide 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 experimentation and growth," stated the report.
Ways to Utilize Market Research for SuccessLeading service leaders, policymakers and financiers from the GCC and Latin America just recently explored how nations from the two regions can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, presidents, CEOs, business leaders, financiers, and industry specialists attended the very first Global Service 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 statement from organisers stated. Both areas count on each other for vital products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it added. Brazil is by far the biggest trading partner for nations in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, said a statement.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how businesses can benefit from the changing patterns of global demand and what role Dubai can play in facilitating the next action in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however worldwide too, by functioning as an information and research centre, by offering organization paperwork, providing legal services, facilitating networking opportunities via signature service occasions and providing practically every possible business solution, it specified.
GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will stay strong but slow a little. Non-oil activity will be supported by population development, new industries, and public investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector development will accelerate, balancing out in part lower oil prices; fiscal balances will be blended, with surpluses in UAE and Qatar, but deficits continue somewhere else.
SHARJAH (WAM) The GCC and larger 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 bring in funds and talent, stated company leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Appear Like", speakers concurred that the emerging local financial investment landscape appears appealing.
Reacting to a question on local start-ups' prospects of benefiting from recent financial investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have a lot opting for us in the region: the low cost of energy, a really progressive federal government that is ahead in policy, regulation and information privacy; and actually strong universities that are progressively looking at AI and turning out technical skill in AI."She included: "Our supreme objective is to see this region, particularly the GCC, become an AI superpower.
Our greatest chauffeur today is investing in talent, because in the AI race, it's the technical skill that really wins."Focusing on the attractiveness of the area for investors, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I believe we are very lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the region.
"International development funds are being available in, which reveals clear indications of maturity of the environment The ability of the UAE and local governments to attract talent; their innovation-first approach, abundance of capital here along with inflow worldwide are the essential foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of deals with the greatest values, with 250 "largest ticket size" offers recorded in 2025 in the nation.
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