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Affirming the growth of AI in the area, a report released by PwC earlier this month said that the use of AI amongst the labor force in the Middle East continues to increase, with 75 percent of staff members in the area using it in their jobs over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and said that 84 percent of CEOs in the nation are prepared to release AI properly, well above the 76 percent worldwide criteria, supported by the Kingdom's data governance environment, including nationwide initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the area attractive, consisting of having more pragmatic laws to permit experimentation and development," said the report.
Ways to Utilize GCC Intelligence for 2026 GrowthLeading magnate, policymakers and financiers from the GCC and Latin America recently checked out how countries from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 local and global policymakers, presidents, CEOs, magnate, investors, and industry specialists went to the very first Global Organization 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers said. Both areas count on each other for necessary products.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the area's total sugar imports, it included. Brazil is without a doubt the biggest trading partner for countries in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, said a statement.
The forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how businesses can take advantage of the altering patterns of worldwide need and what function Dubai can play in helping with the next action in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by serving as an info and research centre, by providing business documents, offering legal services, facilitating networking chances via signature organization events and delivering nearly every possible service service, it stated.
GCC development will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will remain strong but slow somewhat. 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 rates; fiscal balances will be mixed, with surpluses in UAE and Qatar, but deficits continue elsewhere.
SHARJAH (WAM) The GCC and larger Middle East area is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies attracting funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Appear Like", speakers concurred that the emerging local investment landscape appears promising.
Ways to Utilize GCC Intelligence for 2026 GrowthReacting to a question on local startups' prospects of taking advantage of current financial investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have so much choosing us in the region: the low expense of energy, a very progressive federal government that is ahead in policy, regulation and data privacy; and really strong universities that are progressively taking a look at AI and turning out technical skill in AI."She included: "Our supreme goal is to see this area, specifically the GCC, end up being an AI superpower.
Our most significant motorist right now is investing in talent, since in the AI race, it's the technical talent that truly wins.
"International growth funds are being available in, which shows clear signs of maturity of the community The ability of the UAE and local governments to attract skill; their innovation-first method, abundance of capital here as well as inflow globally are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of deals with the greatest worths, with 250 "largest ticket size" offers tape-recorded in 2025 in the country.
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