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Affirming the development of AI in the area, a report launched by PwC earlier this month said that the usage of AI amongst the workforce in the Middle East continues to increase, 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 technology sector and said that 84 percent of CEOs in the country are all set to release AI responsibly, well above the 76 percent global benchmark, supported by the Kingdom's data governance ecosystem, consisting of national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the region appealing, consisting of having more pragmatic laws to enable experimentation and growth," stated the report.
Leading organization leaders, policymakers and financiers 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 international policymakers, presidents, CEOs, service leaders, investors, and market professionals attended the very 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 area were $5.6 billion, a declaration from organisers stated. Both areas rely on each other for essential products.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the region's overall sugar imports, it included. Brazil is without a doubt the largest trading partner for nations in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (generally poultry), Argentina for cereals, Mexico for cars and Chile for wood items, stated a declaration.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how businesses can benefit from the altering patterns of global need and what role Dubai can play in helping with the next action in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however globally too, by functioning as an info and research study centre, by providing organization paperwork, using legal services, assisting in networking opportunities by means of signature company events and providing practically every conceivable organization option, it mentioned.
GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will stay strong but slow slightly. Non-oil activity will be supported by population growth, brand-new industries, and public financial investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector growth will speed up, offsetting in part lower oil prices; fiscal balances will be blended, with surpluses in UAE and Qatar, however deficits persist in other places.
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 bring in funds and talent, stated business leaders at the 9th edition of Sharjah Entrepreneurial Celebration (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 Appear Like", speakers concurred that the emerging local investment landscape appears appealing.
Bring In Worldwide Talent to the UAE's Booming Digital EconomyReacting to a question on local start-ups' prospects of taking advantage of recent investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have a lot choosing us in the region: the low expense of energy, an extremely progressive government that is ahead in policy, guideline and information personal privacy; and really strong universities that are increasingly taking a look at AI and turning out technical skill in AI."She included: "Our ultimate objective is to see this region, specifically the GCC, become an AI superpower.
Our greatest motorist today is buying talent, due to the fact that in the AI race, it's the technical skill that actually wins."Focusing on the beauty of the area for financiers, 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 coming in, which shows clear indications of maturity of the community The capability of the UAE and local governments to draw in talent; their innovation-first approach, abundance of capital here in addition to inflow globally are the crucial building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the number of handle the highest worths, with 250 "biggest ticket size" deals tape-recorded in 2025 in the nation.
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