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Affirming the growth of AI in the region, a report launched by PwC earlier this month said that the use of AI among the workforce in the Middle East continues to increase, with 75 percent of workers in the area using it in their tasks over the previous 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the innovation sector and stated that 84 percent of CEOs in the nation are prepared to deploy AI properly, well above the 76 percent worldwide standard, supported by the Kingdom's information governance ecosystem, including national efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the region attractive, including having more practical laws to permit experimentation and development," stated the report.
Corporate Strategy for Regional ExcellenceTop magnate, policymakers and investors from the GCC and Latin America recently checked out how nations from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 local and worldwide policymakers, heads of state, CEOs, magnate, financiers, and industry experts 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 areas rely on each other for necessary products.
In 2015 Latin America supplied 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 countries in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, said a declaration.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how companies can gain from the changing patterns of worldwide demand and what function Dubai can play in helping with the next step in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but globally too, by serving as an information and research study centre, by providing organization documents, providing legal services, facilitating networking chances through signature company occasions and providing nearly every imaginable business service, it stated.
GCC growth will strengthen in 2026, led by faster growth in hydrocarbons; non-oil growth will remain solid but slow a little. Non-oil activity will be supported by population growth, new markets, and public financial investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector development will speed up, offsetting in part lower oil costs; fiscal balances will be mixed, with surpluses in UAE and Qatar, but deficits persist elsewhere.
SHARJAH (WAM) The GCC and wider Middle East area is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies attracting funds and skill, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging regional investment landscape appears appealing.
Reacting to a concern on local startups' prospects of gaining from recent financial investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have so much going for us in the area: the low cost of energy, an extremely progressive federal government that is ahead in policy, guideline and data privacy; and really strong academic institutions that are progressively taking a look at AI and turning out technical skill in AI."She added: "Our ultimate goal is to see this area, specifically the GCC, end up being an AI superpower.
Our biggest driver today is purchasing skill, because in the AI race, it's the technical talent that really wins."Focusing on the attractiveness of the region for investors, Christos Mastoras, Creator and Handling Partner of Iliad Partners, said: "I think we are extremely lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for investment in the region.
"International development funds are can be found in, which shows clear indications of maturity of the environment The ability of the UAE and local governments to draw in skill; their innovation-first method, abundance of capital here along with 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 variety of offers with the highest worths, with 250 "largest ticket size" deals recorded in 2025 in the nation.
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