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Verifying the development of AI in the region, a report launched by PwC previously this month said that the use of AI amongst the workforce in the Middle East continues to rise, with 75 percent of workers in the area using it in their jobs over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the technology sector and stated that 84 percent of CEOs in the country are ready to release AI properly, well above the 76 percent worldwide standard, supported by the Kingdom's information governance environment, including national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the area appealing, consisting of having more pragmatic laws to permit experimentation and growth," stated the report.
How to Leverage Market Research for SuccessTop business leaders, policymakers and financiers from the GCC and Latin America just recently explored how nations from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, magnate, investors, and industry experts participated in the very first Global Business Online 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 goods from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers said. Both areas rely on each other for vital products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it added. Brazil is by far the biggest trading partner for countries 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 vehicles and Chile for wood products, stated a declaration.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how organizations can benefit from the altering patterns of international need and what function Dubai can play in assisting in the next action in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however worldwide too, by serving as an information and research centre, by providing business documents, offering legal services, helping with networking opportunities via signature business occasions and delivering almost every conceivable organization option, it mentioned.
GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong but sluggish slightly. Non-oil activity will be supported by population development, brand-new markets, and public financial investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector growth will accelerate, balancing out in part lower oil rates; financial balances will be mixed, with surpluses in UAE and Qatar, but deficits continue in other places.
SHARJAH (WAM) The GCC and broader 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 bring in funds and talent, stated company leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging regional financial investment landscape appears promising.
How to Leverage Market Research for Success
Reacting to a concern on regional startups' potential customers of taking advantage of recent investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have a lot opting for us in the area: the low expense of energy, a very progressive federal government that is ahead in policy, guideline and data privacy; and truly strong instructional institutions that are significantly taking a look at AI and ending up technical skill in AI."She included: "Our supreme objective is to see this area, specifically the GCC, become an AI superpower.
Our greatest chauffeur today is purchasing skill, since in the AI race, it's the technical skill that actually wins."Concentrating on the appearance of the area for financiers, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I think we are very fortunate to onboard the 3 largest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International development funds are being available in, which reveals clear indications of maturity of the community The ability of the UAE and regional federal governments to bring in talent; their innovation-first technique, abundance of capital here in addition to inflow internationally are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of handle the greatest worths, with 250 "largest ticket size" offers recorded in 2025 in the country.
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