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Affirming the growth of AI in the region, a report released by PwC earlier this month said that the use of AI among the workforce in the Middle East continues to rise, with 75 percent of staff members in the region using it in their tasks over the past 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 prepared to release AI properly, well above the 76 percent international standard, supported by the Kingdom's data governance ecosystem, consisting of nationwide efforts led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the area appealing, consisting of having more practical laws to permit for experimentation and development," said the report.
Leading service leaders, policymakers and investors from the GCC and Latin America recently explored how countries from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, magnate, investors, and market experts attended the very first Global Service 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 products from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers stated. Both regions rely on each other for important items.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the area's total sugar imports, it included. Brazil is by far the biggest trading partner for countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, stated a declaration.
The online forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how organizations can benefit from the changing patterns of international need and what role Dubai can play in facilitating the next step in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however globally too, by functioning as an information and research centre, by offering organization documentation, using legal services, helping with networking opportunities by means of signature business events and providing nearly every imaginable organization solution, it specified.
GCC development will enhance in 2026, led by faster growth in hydrocarbons; non-oil development will remain strong but 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 development will speed up, offsetting in part lower oil costs; financial balances will be blended, with surpluses in UAE and Qatar, but deficits persist elsewhere.
SHARJAH (WAM) The GCC and broader Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies drawing in funds and talent, stated business leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the very first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Appear Like", speakers concurred that the emerging local investment landscape appears appealing.
Assessing the Prospective of Saudi Arabia's Emerging Urban HubsReacting to a concern on regional start-ups' prospects of taking advantage of current financial investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have so much going for us in the region: the low expense of energy, a very progressive government that is ahead in policy, policy and information privacy; and truly strong instructional institutions that are significantly looking at AI and ending up technical skill in AI."She added: "Our supreme goal is to see this region, particularly the GCC, end up being an AI superpower.
Our greatest chauffeur right now is investing in skill, because in the AI race, it's the technical skill that actually wins.
"International development funds are coming in, which shows clear indications of maturity of the community The capability of the UAE and regional governments to draw in skill; their innovation-first method, abundance of capital here in addition to inflow internationally are the essential foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of offers with the highest worths, with 250 "largest ticket size" deals taped in 2025 in the nation.
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