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Verifying the growth of AI in the area, a report launched by PwC earlier this month stated that the usage of AI among the workforce in the Middle East continues to increase, with 75 percent of staff members in the region using it in their tasks over the previous 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's development in the innovation sector and said that 84 percent of CEOs in the country are all set to release AI properly, well above the 76 percent global standard, supported by the Kingdom's data governance environment, consisting of national efforts led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the region attractive, including having more practical laws to permit experimentation and growth," said the report.
How Does Business Excellence Vital for Future Expansion?Leading magnate, policymakers and financiers from the GCC and Latin America just recently checked out how countries from the two areas can grow trade between each other in Dubai, UAE.More than 500 local and worldwide policymakers, presidents, CEOs, organization leaders, financiers, and industry experts went to the first Global Service 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 region were $5.6 billion, a declaration from organisers said. Both areas count on each other for essential items.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent of the region's total sugar imports, it added. Brazil is without a doubt the largest trading partner for countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for cars and Chile for wood products, said a declaration.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how companies can take advantage of the altering patterns of international demand and what function Dubai can play in facilitating the next action in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by acting as an info and research study centre, by providing company documentation, using legal services, assisting in networking chances through signature company events and providing nearly every conceivable organization service, it specified.
GCC development will reinforce in 2026, led by faster growth in hydrocarbons; non-oil development will stay strong however slow slightly. Non-oil activity will be supported by population development, new industries, and public investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector development will speed up, offsetting in part lower oil prices; fiscal balances will be blended, with surpluses in UAE and Qatar, however deficits continue in other places.
SHARJAH (WAM) The GCC and larger 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 talent, stated company leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the very first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Look Like", speakers concurred that the emerging regional financial investment landscape appears promising.
Reacting to a concern on regional startups' prospects of taking advantage of recent investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have a lot opting for us in the region: the low cost of energy, a very progressive government that is ahead in policy, policy and information privacy; and actually strong educational institutions that are significantly taking a look at AI and ending up technical talent in AI."She added: "Our supreme objective is to see this area, particularly the GCC, end up being an AI superpower.
Our biggest chauffeur right now is investing in skill, because in the AI race, it's the technical skill that really wins.
"International growth funds are coming in, which shows clear signs of maturity of the community The ability of the UAE and local federal governments to bring in talent; their innovation-first approach, abundance of capital here along with inflow globally 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 greatest worths, with 250 "largest ticket size" offers tape-recorded in 2025 in the nation.
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