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Verifying the development of AI in the region, a report launched by PwC previously this month stated that the use of AI among the workforce in the Middle East continues to increase, with 75 percent of staff members in the region utilizing it in their jobs over the past 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 country are ready to release AI properly, well above the 76 percent international standard, supported by the Kingdom's data governance environment, including 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 practical laws to allow for experimentation and development," said the report.
Leading magnate, policymakers and investors from the GCC and Latin America just recently checked out how nations from the two regions can grow trade in between each other in Dubai, UAE.More than 500 regional and international policymakers, presidents, CEOs, magnate, investors, and industry experts participated in the very 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 declaration 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 total sugar imports, it included. Brazil is by far the largest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for cars and Chile for wood products, said a declaration.
The forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how organizations can benefit from the altering patterns of worldwide demand and what function Dubai can play in assisting in the next step in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however globally too, by serving as an info and research study centre, by providing company documentation, providing legal services, helping with networking opportunities by means of signature organization occasions and providing practically every imaginable company service, it mentioned.
GCC development will enhance in 2026, led by faster expansion in hydrocarbons; non-oil development will stay solid but sluggish slightly. Non-oil activity will be supported by population growth, new industries, and public investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector development will accelerate, balancing out in part lower oil costs; financial balances will be blended, with surpluses in UAE and Qatar, however deficits continue somewhere else.
SHARJAH (WAM) The GCC and broader Middle East region 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 talent, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Look Like", speakers concurred that the emerging regional investment landscape appears appealing.
Redefining Employee Advantages for a New UAE EraResponding to a question on local startups' potential customers of gaining from recent investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have so much going for us in the region: the low cost of energy, a really progressive federal government that is ahead in policy, policy and information personal privacy; and actually strong universities that are progressively looking at AI and turning out technical skill in AI."She included: "Our supreme objective is to see this region, specifically the GCC, become an AI superpower.
Our biggest driver right now is investing in talent, because in the AI race, it's the technical skill that really wins.
"International growth funds are can be found in, which shows clear indications of maturity of the ecosystem The capability of the UAE and local governments to draw in talent; their innovation-first approach, abundance of capital here in addition to inflow worldwide are the crucial structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of handle the greatest worths, with 250 "largest ticket size" offers taped in 2025 in the nation.
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