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Verifying the growth of AI in the area, a report launched by PwC earlier this month said that the use of AI amongst the labor force in the Middle East continues to rise, with 75 percent of staff members in the area utilizing it in their jobs over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the innovation sector and stated that 84 percent of CEOs in the country are prepared to deploy AI responsibly, well above the 76 percent worldwide criteria, supported by the Kingdom's information governance community, consisting of nationwide efforts led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the region attractive, consisting of having more pragmatic laws to permit experimentation and development," said the report.
Leading magnate, policymakers and financiers from the GCC and Latin America recently explored how countries from the two regions can grow trade in between each other in Dubai, UAE.More than 500 regional and international policymakers, presidents, CEOs, service leaders, investors, and industry specialists went to the very first Global Business 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 statement from organisers said. Both areas count on each other for essential items.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the area's total sugar imports, it included. 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 counts on Brazil for meat (generally poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, said a statement.
The forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how organizations can benefit from the altering patterns of worldwide need and what function Dubai can play in helping with the next action in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however worldwide too, by acting as an information and research study centre, by providing company documentation, using legal services, facilitating networking chances via signature company occasions and delivering nearly every conceivable company option, it mentioned.
GCC development will reinforce in 2026, led by faster growth in hydrocarbons; non-oil development will stay solid but sluggish slightly. Non-oil activity will be supported by population development, brand-new industries, and public investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector growth will accelerate, balancing out in part lower oil costs; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits continue elsewhere.
SHARJAH (WAM) The GCC and broader Middle East area 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 skill, stated organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the very first day of SEF 2026 examining "What Does the Next Year of Venture Capital Appear Like", speakers agreed that the emerging local investment landscape appears promising.
Is Your UAE Leadership Group Ready for 2026?Reacting to a concern on local startups' potential customers of gaining from recent investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have so much going for us in the region: the low expense of energy, a really progressive government that is ahead in policy, guideline and data personal privacy; and actually strong universities that are increasingly looking at AI and turning out technical skill in AI."She included: "Our ultimate objective is to see this area, specifically the GCC, become an AI superpower.
Our most significant driver today is buying talent, due to the fact that in the AI race, it's the technical skill that actually wins."Concentrating on the beauty of the region for financiers, Christos Mastoras, Creator and Handling Partner of Iliad Partners, stated: "I think we are extremely lucky to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for investment in the region.
"International growth funds are being available in, which shows clear signs of maturity of the ecosystem The capability of the UAE and local federal governments to attract skill; their innovation-first technique, abundance of capital here in addition to inflow internationally are the crucial structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of handle the highest worths, with 250 "largest ticket size" deals recorded in 2025 in the country.
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