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Affirming the growth of AI in the area, a report released by PwC previously this month said that the use of AI amongst the labor force in the Middle East continues to increase, with 75 percent of staff members in the area 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 data governance ecosystem, including national efforts led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the area appealing, consisting of having more practical laws to permit experimentation and growth," stated the report.
Future-Proofing Your GCC Business Through Tactical OutsourcingLeading magnate, policymakers and financiers from the GCC and Latin America just recently explored how nations from the two areas can grow trade in between each other in Dubai, UAE.More than 500 local and international policymakers, heads of state, CEOs, magnate, financiers, and market professionals participated in the 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 area were $5.6 billion, a statement from organisers said. Both areas rely on each other for vital products.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it included. Brazil is without a doubt the largest trading partner for countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, said a statement.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how businesses can gain from the altering patterns of global demand and what function Dubai can play in assisting in the next step in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by functioning as an information and research study centre, by supplying organization documents, using legal services, facilitating networking chances by means of signature business occasions and providing nearly every conceivable business solution, it specified.
GCC development will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong but sluggish a little. Non-oil activity will be supported by population growth, brand-new industries, and public financial 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, however deficits persist elsewhere.
SHARJAH (WAM) The GCC and wider Middle East region is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies drawing in funds and skill, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Look Like", speakers concurred that the emerging regional financial investment landscape appears appealing.
Reacting to a question on regional startups' potential customers of benefiting from current financial investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have so much choosing us in the region: the low expense of energy, a very progressive federal government that is ahead in policy, guideline and information privacy; and really strong instructional institutions that are significantly taking a look at AI and ending up technical skill in AI."She added: "Our ultimate objective is to see this region, specifically the GCC, end up being an AI superpower.
Our biggest motorist right now is investing in talent, since in the AI race, it's the technical skill that actually wins.
"International development funds are coming in, which reveals clear signs of maturity of the community The ability of the UAE and local federal governments to draw in skill; their innovation-first technique, abundance of capital here as well as inflow internationally are the key structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of offers with the highest worths, with 250 "largest ticket size" offers tape-recorded in 2025 in the nation.
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