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Verifying the development of AI in the region, a report launched by PwC earlier this month said that the usage of AI among the labor force in the Middle East continues to rise, with 75 percent of workers in the region utilizing it in their jobs over the past 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 ready to deploy AI properly, well above the 76 percent international criteria, supported by the Kingdom's information governance ecosystem, consisting of national initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the region appealing, consisting of having more practical laws to enable experimentation and development," stated the report.
Building Durability Through Strategic GCC Outsourcing CollaborationsLeading magnate, policymakers and investors from the GCC and Latin America recently checked out how countries from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, magnate, financiers, and market professionals participated in the first Global Organization 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 items from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers stated. Both regions count on each other for important products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it added. Brazil is by far the largest trading partner for nations in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for cars and Chile for wood items, said a declaration.
The online forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how businesses can gain from the altering patterns of global need and what function Dubai can play in facilitating the next action in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however globally too, by acting as an information and research centre, by providing service documentation, using legal services, helping with networking chances by means of signature service events and providing almost every possible service option, it mentioned.
GCC development will reinforce in 2026, led by faster growth in hydrocarbons; non-oil development will stay strong however sluggish slightly. Non-oil activity will be supported by population growth, new industries, and public financial investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector growth will accelerate, balancing out in part lower oil prices; fiscal balances will be mixed, with surpluses in UAE and Qatar, however deficits persist in other places.
SHARJAH (WAM) The GCC and wider 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 attracting funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the very first day of SEF 2026 taking a look at "What Does the Next Year of Endeavor Capital Look Like", speakers agreed that the emerging local financial investment landscape appears appealing.
Building Durability Through Strategic GCC Outsourcing CollaborationsReacting to a concern on regional start-ups' potential customers of gaining from current financial investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have so much going for us in the region: the low cost of energy, a really progressive government that is ahead in policy, regulation and information privacy; and really strong educational institutions that are progressively taking a look at AI and ending up technical skill in AI."She added: "Our ultimate objective is to see this area, specifically the GCC, become an AI superpower.
Our most significant driver right now is purchasing talent, because in the AI race, it's the technical talent that really wins."Concentrating on the beauty of the area for investors, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I think we are extremely fortunate to onboard the three biggest banks of Greece as LPs [Limited Partners] for investment in the region.
"International development funds are being available in, which reveals clear signs of maturity of the environment The ability of the UAE and local governments to attract skill; their innovation-first method, abundance of capital here in addition to inflow worldwide are the essential structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of handle the greatest worths, with 250 "biggest ticket size" deals tape-recorded in 2025 in the country.
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