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Verifying the growth of AI in the area, a report launched by PwC previously this month said that the use of AI amongst the workforce in the Middle East continues to increase, with 75 percent of staff members in the area utilizing it in their jobs over the previous 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the country are all set to release AI responsibly, well above the 76 percent international criteria, supported by the Kingdom's information governance environment, including national initiatives led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the area appealing, consisting of having more pragmatic laws to enable for experimentation and growth," said the report.
Leading company leaders, policymakers and financiers from the GCC and Latin America recently checked out how nations from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, magnate, investors, and industry professionals went to the very first Global Company 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 region were $5.6 billion, a declaration from organisers said. Both regions depend on each other for essential products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the region's overall sugar imports, it added. Brazil is without a doubt the largest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, stated a statement.
The online forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how companies can gain from the changing patterns of international demand and what role Dubai can play in assisting in the next action in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but internationally too, by serving as a details and research centre, by providing service paperwork, providing legal services, helping with networking opportunities through signature business events and delivering nearly every possible organization option, it mentioned.
GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong but slow slightly. Non-oil activity will be supported by population development, new markets, and public financial investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector growth will speed up, offsetting in part lower oil costs; fiscal balances will be blended, with surpluses in UAE and Qatar, but deficits persist elsewhere.
SHARJAH (WAM) The GCC and broader Middle East area 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 organization leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the first day of SEF 2026 examining "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging regional investment landscape appears promising.
Reacting to a question on local start-ups' potential customers of benefiting from current financial investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have so much opting for us in the region: the low cost of energy, a really progressive government that is ahead in policy, guideline and data privacy; and really strong educational institutions that are significantly taking a look at AI and ending up technical skill in AI."She included: "Our ultimate objective is to see this area, specifically the GCC, end up being an AI superpower.
Our biggest driver right now is investing in talent, since in the AI race, it's the technical skill that actually wins."Focusing on the appearance of the region for investors, Christos Mastoras, Creator and Managing Partner of Iliad Partners, said: "I believe we are very lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for investment in the area.
"International development funds are being available in, which shows clear indications of maturity of the ecosystem The capability of the UAE and regional governments to attract skill; their innovation-first technique, abundance of capital here in addition to inflow worldwide 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 highest worths, with 250 "biggest ticket size" offers taped in 2025 in the country.
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