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Verifying the growth of AI in the area, a report launched by PwC previously this month said that the use of AI amongst the labor force in the Middle East continues to increase, with 75 percent of workers in the region utilizing it in their tasks over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the country are all set to deploy AI properly, well above the 76 percent international criteria, supported by the Kingdom's data governance environment, including nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the region attractive, including having more practical laws to permit experimentation and development," said the report.
Predicting the Next GCC Business LandscapeTop magnate, policymakers and financiers from the GCC and Latin America just recently explored how nations from the two regions can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, heads of state, CEOs, magnate, investors, and industry experts attended the very first Global Organization Online 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 items from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both regions count on each other for important products.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it added. Brazil is without a doubt the biggest trading partner for nations in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for cars and Chile for wood items, stated a statement.
The forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how organizations can benefit from the changing patterns of worldwide demand and what function Dubai can play in helping with the next action in organization relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however worldwide too, by functioning as a details and research centre, by supplying company documentation, offering legal services, helping with networking chances through signature company events and providing nearly every imaginable company option, it specified.
GCC growth will enhance in 2026, led by faster growth in hydrocarbons; non-oil growth will stay solid however sluggish slightly. Non-oil activity will be supported by population development, new markets, and public investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector growth will speed up, balancing out in part lower oil prices; fiscal balances will be mixed, with surpluses in UAE and Qatar, however deficits continue 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 government policies attracting funds and skill, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the first day of SEF 2026 analyzing "What Does the Next Year of Endeavor Capital Appear Like", speakers concurred that the emerging regional financial investment landscape appears promising.
Reacting to a question on regional start-ups' prospects of taking advantage of recent financial investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have a lot choosing us in the region: the low cost of energy, a really progressive federal government that is ahead in policy, policy and data privacy; and really strong universities that are progressively looking at AI and ending up technical talent in AI."She added: "Our supreme objective is to see this area, particularly the GCC, become an AI superpower.
Our most significant motorist today is investing in skill, due to the fact that in the AI race, it's the technical skill that actually wins."Concentrating on the attractiveness of the region for investors, Christos Mastoras, Creator and Handling Partner of Iliad Partners, said: "I believe we are really fortunate to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the region.
"International development funds are coming in, which reveals clear signs of maturity of the ecosystem The capability of the UAE and regional governments to draw in skill; their innovation-first technique, abundance of capital here along with inflow worldwide are the essential structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the number of offers with the highest values, with 250 "largest ticket size" offers tape-recorded in 2025 in the country.
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