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Verifying the growth of AI in the region, a report launched by PwC previously this month stated that the use of AI amongst the workforce in the Middle East continues to rise, with 75 percent of staff members in the area using it in their jobs over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's development in the technology sector and said that 84 percent of CEOs in the country are prepared to release AI responsibly, well above the 76 percent international benchmark, supported by the Kingdom's data governance environment, including nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area appealing, consisting of having more pragmatic laws to enable experimentation and development," said the report.
Why Centralization Is the Key to GCC Service ScalabilityLeading magnate, policymakers and financiers from the GCC and Latin America just recently explored how countries from the two regions can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, presidents, CEOs, business leaders, investors, and market experts went to the first Global Company 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 region were $5.6 billion, a statement from organisers stated. Both regions depend on each other for necessary products.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it included. Brazil is by far the biggest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, said a declaration.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how services can gain from the altering patterns of worldwide demand and what role Dubai can play in assisting in the next action in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but internationally too, by serving as a details and research centre, by supplying business documentation, using legal services, helping with networking chances through signature organization occasions and delivering practically every conceivable service solution, it specified.
GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong however slow slightly. Non-oil activity will be supported by population growth, new markets, and public investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector development will accelerate, balancing out in part lower oil rates; financial balances will be combined, with surpluses in UAE and Qatar, however deficits persist 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 government policies bring in funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 taking a look at "What Does the Next Year of Endeavor Capital Look Like", speakers concurred that the emerging local investment landscape appears promising.
Comparing Traditional Outsourcing with New Hybrid DesignsReacting to a question on regional startups' potential customers of taking advantage of recent financial investments in digital facilities, Tala Al Jabri, Founder and Handling 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, regulation and information privacy; and really strong universities that are progressively taking a look at AI and turning out technical talent in AI."She included: "Our supreme goal is to see this area, specifically the GCC, end up being an AI superpower.
Our biggest driver right now is purchasing skill, due to the fact that in the AI race, it's the technical talent that really wins."Focusing on the appearance of the area for financiers, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I think we are extremely fortunate to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for investment in the region.
"International growth funds are being available in, which shows clear indications of maturity of the environment The ability of the UAE and regional federal governments to draw in talent; their innovation-first technique, abundance of capital here in addition to inflow globally are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of handle the greatest values, with 250 "biggest ticket size" deals recorded in 2025 in the nation.
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