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Verifying the growth of AI in the area, a report released by PwC earlier this month stated that the use of AI amongst the labor force in the Middle East continues to increase, with 75 percent of employees in the area utilizing 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 country are all set to deploy AI responsibly, well above the 76 percent international criteria, supported by the Kingdom's information governance ecosystem, including nationwide initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the region appealing, including having more pragmatic laws to permit experimentation and growth," stated the report.
Long-Term Dubai Industrial Growth Patterns in 2026Top business leaders, policymakers and investors from the GCC and Latin America recently explored how countries from the two regions can grow trade between each other in Dubai, UAE.More than 500 local and international policymakers, heads of state, CEOs, magnate, investors, and industry professionals participated in the very first Global Business 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 items.
In 2015 Latin America provided 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 area, 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 products, said a declaration.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how organizations can take advantage of the changing patterns of worldwide demand and what function Dubai can play in helping with the next action in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but globally too, by functioning as an information and research centre, by offering service documents, providing legal services, facilitating networking opportunities via signature organization occasions and delivering almost every imaginable organization option, it stated.
GCC development will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay solid however slow slightly. Non-oil activity will be supported by population growth, brand-new industries, and public investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector growth 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 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 drawing in funds and skill, said organization leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the first day of SEF 2026 examining "What Does the Next Year of Venture Capital Look Like", speakers agreed that the emerging regional investment landscape appears promising.
Responding to a concern on local startups' prospects of gaining from recent investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have so much opting for us in the area: the low expense of energy, an extremely progressive federal government that is ahead in policy, policy and information privacy; and truly strong universities that are significantly taking a look at AI and ending up technical skill in AI."She added: "Our ultimate objective is to see this region, specifically the GCC, end up being an AI superpower.
Our most significant driver right now is investing in skill, since in the AI race, it's the technical talent that truly wins."Focusing on the beauty of the region for investors, Christos Mastoras, Founder and Managing Partner of Iliad Partners, stated: "I believe we are very fortunate to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International development funds are coming in, which reveals clear indications of maturity of the community The capability of the UAE and regional federal governments to bring in talent; their innovation-first technique, abundance of capital here in addition to inflow internationally are the essential foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of deals with the greatest values, with 250 "largest ticket size" offers taped in 2025 in the country.
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