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Verifying the growth of AI in the region, a report launched by PwC previously this month stated that the use of AI amongst the labor force in the Middle East continues to rise, with 75 percent of workers in the region using it in their tasks over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the nation are all set to deploy AI responsibly, well above the 76 percent global benchmark, supported by the Kingdom's data governance community, including nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the region attractive, consisting of having more pragmatic laws to allow for experimentation and growth," said the report.
Top service leaders, policymakers and investors from the GCC and Latin America recently checked out how nations from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, presidents, CEOs, company leaders, financiers, and industry specialists attended the very first Global Service 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 count on each other for vital items.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it added. Brazil is by far the largest trading partner for countries in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, said a statement.
The forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how companies can gain from the changing patterns of international need and what role Dubai can play in assisting in the next step in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but globally too, by acting as an info and research study centre, by supplying company documents, offering legal services, facilitating networking chances by means of signature organization events and providing practically every imaginable company service, it stated.
GCC growth will strengthen in 2026, led by faster growth in hydrocarbons; non-oil growth will stay solid but slow a little. Non-oil activity will be supported by population growth, brand-new industries, and public financial investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector growth will speed up, balancing out in part lower oil rates; fiscal balances will be combined, 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 federal government policies attracting funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the very first day of SEF 2026 examining "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging local financial investment landscape appears promising.
Reacting to a concern on regional startups' prospects of benefiting from current investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "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 information personal privacy; and actually strong universities that are progressively looking at AI and ending up technical talent in AI."She added: "Our ultimate goal is to see this region, particularly the GCC, end up being an AI superpower.
Our biggest driver today is buying skill, because in the AI race, it's the technical talent that really wins."Concentrating on the appearance of the region for investors, Christos Mastoras, Creator and Managing Partner of Iliad Partners, said: "I believe we are really lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the region.
"International development funds are can be found in, which reveals clear signs of maturity of the ecosystem The capability of the UAE and local federal governments to attract talent; their innovation-first approach, abundance of capital here along with inflow internationally are the key building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of handle the highest values, with 250 "largest ticket size" deals tape-recorded in 2025 in the country.
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