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Verifying the development of AI in the region, a report released by PwC previously this month said that the usage of AI amongst the workforce in the Middle East continues to increase, with 75 percent of staff members in the region using 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 prepared to deploy AI properly, well above the 76 percent worldwide standard, supported by the Kingdom's data governance ecosystem, consisting of national efforts led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the region appealing, including having more pragmatic laws to permit experimentation and development," stated the report.
A Comprehensive Guide to Regional Market Success for 2026Top company leaders, policymakers and financiers from the GCC and Latin America just recently explored how nations from the two areas can grow trade between each other in Dubai, UAE.More than 500 local and global policymakers, presidents, CEOs, company leaders, financiers, and market specialists participated in the first Global Business 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 products from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers stated. Both regions count on each other for essential products.
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 without a doubt the largest trading partner for countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (generally poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, said a statement.
The online forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how organizations can take advantage of the altering patterns of international need and what role Dubai can play in assisting in the next action in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but globally too, by serving as a details and research centre, by offering business paperwork, offering legal services, helping with networking chances by means of signature service occasions and delivering almost every conceivable service option, it mentioned.
GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will stay strong however slow somewhat. Non-oil activity will be supported by population growth, brand-new markets, and public financial investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector development will speed up, balancing out in part lower oil costs; fiscal balances will be blended, with surpluses in UAE and Qatar, but deficits continue 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 federal government policies drawing in funds and skill, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging regional financial investment landscape appears promising.
A Comprehensive Guide to Regional Market Success for 2026Reacting to a question on local startups' potential customers of taking advantage of recent financial investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have so much opting for us in the region: the low cost of energy, an extremely progressive federal government that is ahead in policy, guideline and data privacy; and truly strong universities that are progressively taking a look at AI and ending up technical talent 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, due to the fact that in the AI race, it's the technical talent that truly wins."Focusing on the appearance of the region for investors, Christos Mastoras, Creator and Managing Partner of Iliad Partners, stated: "I believe we are really lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the region.
"International growth funds are being available in, which reveals clear indications of maturity of the environment The capability of the UAE and local federal governments to bring in skill; their innovation-first approach, abundance of capital here along with inflow internationally are the essential foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of handle the greatest worths, with 250 "biggest ticket size" offers taped in 2025 in the nation.
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