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Affirming the development of AI in the area, a report released by PwC previously this month stated that the use of AI amongst the labor force in the Middle East continues to increase, with 75 percent of employees in the region utilizing it in their tasks over the previous 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the nation are all set to deploy AI responsibly, well above the 76 percent worldwide standard, supported by the Kingdom's data governance community, including national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the region appealing, including having more practical laws to permit for experimentation and development," stated the report.
Strategic Strategy for Regional SuccessLeading magnate, policymakers and financiers from the GCC and Latin America recently explored how countries from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, magnate, investors, and market experts participated in the 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 goods from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers stated. Both regions rely on each other for necessary products.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it added. Brazil is by far the largest 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 vehicles and Chile for wood products, stated a declaration.
The forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how organizations can take advantage of the altering patterns of international demand and what function Dubai can play in facilitating the next step in company relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but internationally too, by functioning as an information and research centre, by offering business paperwork, offering legal services, helping with networking opportunities by means of signature service occasions and providing practically every conceivable service service, it stated.
GCC development will enhance in 2026, led by faster growth in hydrocarbons; non-oil growth will remain strong however slow a little. Non-oil activity will be supported by population growth, brand-new industries, and public financial investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector development will speed up, offsetting in part lower oil rates; financial balances will be combined, 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 federal government policies drawing in funds and talent, said company 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 regional financial investment landscape appears appealing.
How Data Redefines GCC Enterprise Vision
Reacting to a concern on regional start-ups' potential customers of benefiting from recent financial investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have so much opting for us in the region: the low cost of energy, a really progressive federal government that is ahead in policy, regulation and data privacy; and truly strong universities that are significantly looking at AI and turning out technical talent in AI."She added: "Our ultimate goal is to see this area, particularly the GCC, become an AI superpower.
Our greatest motorist today is buying talent, because in the AI race, it's the technical talent that really wins."Focusing on the attractiveness of the area for financiers, Christos Mastoras, Founder and Handling Partner of Iliad Partners, said: "I believe we are very fortunate to onboard the three largest banks of Greece as LPs [Limited Partners] for investment in the area.
"International development funds are coming in, which shows clear indications of maturity of the ecosystem The ability of the UAE and regional governments to attract talent; their innovation-first technique, abundance of capital here in addition to inflow worldwide are the essential 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" offers taped in 2025 in the nation.
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