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Verifying the growth of AI in the area, a report released by PwC previously this month stated that the use of AI among the workforce in the Middle East continues to rise, with 75 percent of workers in the area utilizing it in their tasks over the past 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 nation are ready to deploy AI responsibly, well above the 76 percent worldwide standard, supported by the Kingdom's information governance community, including national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area appealing, consisting of having more pragmatic laws to permit experimentation and development," stated the report.
Leading magnate, policymakers and financiers 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, presidents, CEOs, magnate, financiers, and market specialists participated in the 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers said. Both regions depend on each other for important products.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the region'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 counts on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for cars and Chile for wood items, stated a statement.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how companies can benefit from the altering patterns of global demand and what role Dubai can play in facilitating the next step in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however globally too, by serving as an info and research study centre, by supplying organization paperwork, offering legal services, facilitating networking chances through signature company occasions and providing practically every conceivable service service, it mentioned.
GCC development will reinforce in 2026, led by faster growth in hydrocarbons; non-oil development will stay solid but slow slightly. Non-oil activity will be supported by population development, brand-new markets, and public financial investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector growth will accelerate, offsetting in part lower oil rates; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits continue somewhere else.
SHARJAH (WAM) The GCC and broader 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, stated business leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the very first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging local investment landscape appears appealing.
Navigating the 2026 Middle East Business EnvironmentReacting to a concern on regional startups' potential customers of gaining from recent investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have so much choosing us in the area: the low expense of energy, an extremely progressive federal government that is ahead in policy, policy and data privacy; and actually strong academic institutions that are increasingly taking a look at AI and ending up 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 driver right now is investing in skill, because in the AI race, it's the technical skill that truly wins.
"International development funds are being available in, which shows clear signs of maturity of the ecosystem The ability of the UAE and local 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 said that within the region, Saudi Arabia is leading the variety of offers with the greatest values, with 250 "largest ticket size" offers recorded in 2025 in the nation.
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