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Verifying the growth of AI in the region, a report launched by PwC earlier this month stated that the usage of AI amongst the workforce in the Middle East continues to rise, with 75 percent of staff members 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 innovation sector and said that 84 percent of CEOs in the country are prepared to deploy AI responsibly, well above the 76 percent worldwide standard, supported by the Kingdom's information governance ecosystem, consisting of national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area attractive, including having more practical laws to enable experimentation and growth," said the report.
Corporate Planning for GCC LeadershipLeading magnate, policymakers and financiers from the GCC and Latin America recently explored how nations from the two regions can grow trade between each other in Dubai, UAE.More than 500 local and worldwide policymakers, heads of state, CEOs, magnate, financiers, and industry professionals went to the first Global Company 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 region were $5.6 billion, a statement from organisers stated. Both areas rely 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 overall sugar imports, it added. Brazil is without a doubt the biggest trading partner for countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, stated a statement.
The online forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how businesses can gain from the changing patterns of worldwide 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 but globally too, by functioning as a details and research study centre, by offering company documents, offering legal services, facilitating networking chances by means of signature company occasions and delivering almost every possible company solution, it specified.
GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil development will remain solid but sluggish a little. 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, balancing out in part lower oil prices; financial balances will be combined, with surpluses in UAE and Qatar, however deficits persist elsewhere.
SHARJAH (WAM) The GCC and wider Middle East area is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies drawing in funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 analyzing "What Does the Next Year of Endeavor Capital Look Like", speakers agreed that the emerging local financial investment landscape appears appealing.
Corporate Planning for GCC Leadership
Responding to a question on regional startups' prospects of gaining from current financial investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have so much going for us in the region: the low cost of energy, a really progressive government that is ahead in policy, guideline and information privacy; and truly strong universities that are significantly looking at AI and ending up technical skill in AI."She included: "Our ultimate goal is to see this area, specifically the GCC, end up being an AI superpower.
Our biggest driver right now is buying talent, because in the AI race, it's the technical talent that really wins."Concentrating on the attractiveness of the area for financiers, Christos Mastoras, Creator and Managing Partner of Iliad Partners, stated: "I think we are really lucky to onboard the three biggest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International development funds are coming in, which shows clear indications of maturity of the community The ability of the UAE and local federal governments to draw in skill; their innovation-first approach, abundance of capital here along with inflow internationally are the key foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of handle the highest values, with 250 "biggest ticket size" offers tape-recorded in 2025 in the country.
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