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Affirming the growth of AI in the area, a report released by PwC earlier this month said that the use of AI among the workforce in the Middle East continues to rise, with 75 percent of employees in the area using it in their tasks over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the innovation sector and stated that 84 percent of CEOs in the nation are all set to release AI properly, well above the 76 percent international standard, supported by the Kingdom's information governance environment, consisting of nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the area attractive, consisting of having more pragmatic laws to enable for experimentation and development," said the report.
How to Be Successful in Saudi Arabia's Competitive Center LandscapeLeading company leaders, policymakers and financiers from the GCC and Latin America recently explored how nations from the two areas can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, magnate, investors, and market specialists went to the first Global Service Online forum Latin America held at the Atlantis Palm - Dubai.
In 2015 the GCC comprised 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 said. Both areas depend on each other for necessary products.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it added. Brazil is without a doubt the biggest trading partner for countries in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (primarily 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 "Shifting Synergies", explores how companies can gain from the changing patterns of worldwide need and what role Dubai can play in facilitating the next step in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but globally too, by serving as an information and research study centre, by providing organization documentation, providing legal services, assisting in networking chances through signature service occasions and delivering almost every possible company solution, it specified.
GCC growth will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will stay strong but sluggish somewhat. Non-oil activity will be supported by population development, new industries, and public investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector growth will accelerate, offsetting in part lower oil prices; financial balances will be mixed, with surpluses in UAE and Qatar, however deficits continue elsewhere.
SHARJAH (WAM) The GCC and larger Middle East region is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies bring in funds and skill, said service leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 taking a look at "What Does the Next Year of Endeavor Capital Appear Like", speakers agreed that the emerging regional financial investment landscape appears appealing.
Responding to a concern on local start-ups' prospects of gaining from current financial investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have a lot opting for us in the region: the low expense of energy, a very progressive federal government that is ahead in policy, regulation and information privacy; and really strong universities that are significantly looking at AI and ending up technical talent in AI."She included: "Our ultimate objective is to see this area, particularly the GCC, become an AI superpower.
Our biggest driver right now is investing in skill, due to the fact that in the AI race, it's the technical talent that truly wins.
"International development funds are coming in, which shows clear signs of maturity of the environment The capability of the UAE and local governments to draw in talent; their innovation-first approach, abundance of capital here along with inflow internationally are the key foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of handle the greatest worths, with 250 "largest ticket size" offers recorded in 2025 in the nation.
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