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Verifying the development of AI in the region, a report released by PwC earlier this month said that the use of AI amongst the labor force in the Middle East continues to increase, with 75 percent of employees in the area using it in their jobs over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress 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 community, including nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the region attractive, consisting of having more practical laws to enable experimentation and development," said the report.
Leading magnate, policymakers and financiers from the GCC and Latin America just recently explored how nations from the two regions can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, magnate, investors, and industry specialists participated in the very first Global Service 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 said. Both regions rely on each other for essential items.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it included. Brazil is without a doubt the largest trading partner for nations in the area, 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, stated a statement.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how businesses can gain from the changing patterns of global demand and what function Dubai can play in facilitating the next step in organization relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however globally too, by acting as a details and research study centre, by providing business documentation, providing legal services, assisting in networking opportunities by means of signature company occasions and providing almost every conceivable service solution, it specified.
GCC development will enhance in 2026, led by faster growth in hydrocarbons; non-oil development will remain strong but slow a little. Non-oil activity will be supported by population development, brand-new industries, and public financial investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector growth will accelerate, offsetting in part lower oil rates; fiscal balances will be blended, with surpluses in UAE and Qatar, but deficits persist somewhere else.
SHARJAH (WAM) The GCC and broader Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies bring in funds and talent, stated company leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging local investment landscape appears promising.

Reacting to a question on regional start-ups' prospects of taking advantage of current investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have a lot choosing us in the area: the low expense of energy, an extremely progressive federal government that is ahead in policy, guideline and information personal privacy; and really strong academic organizations that are increasingly looking at AI and ending up technical talent in AI."She included: "Our supreme objective is to see this area, particularly the GCC, become an AI superpower.
Our biggest chauffeur today is purchasing skill, due to the fact that in the AI race, it's the technical talent that actually wins."Focusing on the attractiveness of the area for financiers, Christos Mastoras, Creator and Handling Partner of Iliad Partners, stated: "I think we are really lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International growth funds are being available in, which reveals clear indications of maturity of the community The ability of the UAE and regional governments to attract talent; their innovation-first approach, abundance of capital here along with inflow internationally are the crucial foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of handle the highest worths, with 250 "biggest ticket size" deals tape-recorded in 2025 in the country.
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