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Verifying the growth of AI in the region, a report released by PwC previously this month said that the use of AI among the workforce in the Middle East continues to increase, with 75 percent of workers in the region using it in their tasks over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the innovation sector and said that 84 percent of CEOs in the nation are ready to release AI properly, well above the 76 percent global benchmark, supported by the Kingdom's data governance ecosystem, consisting of national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the region appealing, consisting of having more pragmatic laws to permit experimentation and development," stated the report.
Leading magnate, policymakers and financiers from the GCC and Latin America just recently explored how countries from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, heads of state, CEOs, magnate, investors, and market specialists attended the first Global Organization 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 region were $5.6 billion, a declaration from organisers said. Both areas count on each other for necessary 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 added. Brazil is by far the biggest trading partner for countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, said a declaration.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how organizations can benefit from the altering patterns of global demand and what function 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 however globally too, by functioning as an information and research centre, by supplying service documents, using legal services, facilitating networking chances by means of signature company occasions and providing almost every conceivable business service, it specified.
GCC development will enhance in 2026, led by faster growth in hydrocarbons; non-oil development will stay strong but slow somewhat. Non-oil activity will be supported by population development, brand-new industries, and public financial investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector growth will speed up, offsetting in part lower oil costs; financial balances will be combined, with surpluses in UAE and Qatar, however deficits continue somewhere else.
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 skill, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the very first day of SEF 2026 examining "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging regional investment landscape appears promising.
Reacting to a question on regional start-ups' prospects of gaining from recent investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have so much choosing us in the region: the low expense of energy, a really progressive government that is ahead in policy, guideline and data personal privacy; and actually strong universities that are progressively looking at AI and ending up technical talent in AI."She added: "Our supreme goal is to see this region, particularly the GCC, end up being an AI superpower.
Our greatest chauffeur right now is purchasing skill, because in the AI race, it's the technical skill that truly wins."Concentrating on the appearance of the region for financiers, Christos Mastoras, Creator and Handling Partner of Iliad Partners, stated: "I believe we are extremely lucky to onboard the three biggest banks of Greece as LPs [Limited Partners] for investment in the area.
"International development funds are being available in, which reveals clear signs of maturity of the environment The capability of the UAE and regional federal governments to bring in skill; their innovation-first technique, abundance of capital here as well as inflow internationally are the key foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of deals with the highest worths, with 250 "largest ticket size" offers taped in 2025 in the nation.
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