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Affirming the growth of AI in the area, a report launched by PwC previously this month said that the usage of AI amongst the workforce in the Middle East continues to increase, with 75 percent of workers 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 innovation sector and said that 84 percent of CEOs in the nation are all set to deploy AI properly, well above the 76 percent international benchmark, supported by the Kingdom's information governance ecosystem, including national efforts led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the area attractive, including having more pragmatic laws to permit experimentation and growth," said the report.
Why Does Operational Excellence Crucial for Future Expansion?Top service leaders, policymakers and investors from the GCC and Latin America just recently explored how nations from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 regional and global policymakers, presidents, CEOs, organization leaders, investors, and industry specialists participated in 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 region were $5.6 billion, a declaration from organisers stated. Both regions depend on each other for essential 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 by far the biggest 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 automobiles and Chile for wood items, said a statement.
The forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how organizations can take advantage of the changing patterns of international demand and what role Dubai can play in assisting in the next action in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however worldwide too, by acting as a details and research centre, by providing service documentation, offering legal services, helping with networking chances by means of signature service events and providing practically every imaginable company solution, it specified.
GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay solid but sluggish a little. Non-oil activity will be supported by population growth, brand-new markets, and public financial investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector development will speed up, offsetting in part lower oil costs; fiscal balances will be mixed, with surpluses in UAE and Qatar, however deficits persist elsewhere.
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 drawing in funds and skill, stated organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the very first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging regional investment landscape appears appealing.
Responding to a concern on local start-ups' potential customers of taking advantage of recent investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have a lot choosing us in the area: the low expense of energy, an extremely progressive government that is ahead in policy, regulation and data personal privacy; and actually strong academic organizations that are increasingly taking a look at AI and turning out technical skill in AI."She included: "Our supreme objective is to see this area, particularly the GCC, end up being an AI superpower.
Our biggest driver right now is purchasing talent, due to the fact that in the AI race, it's the technical talent that really wins."Focusing on the appearance of the area for investors, Christos Mastoras, Founder and Handling Partner of Iliad Partners, said: "I believe we are really lucky to onboard the three biggest banks of Greece as LPs [Limited Partners] for investment in the area.
"International development funds are can be found in, which shows clear indications of maturity of the community The capability of the UAE and regional governments to draw in skill; their innovation-first method, abundance of capital here along with inflow globally are the key foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of handle the highest worths, with 250 "biggest ticket size" offers tape-recorded in 2025 in the nation.
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