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Affirming the growth of AI in the region, a report released by PwC earlier this month stated that the use 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 jobs over the past 12 months.
In November, a report launched 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 responsibly, well above the 76 percent worldwide benchmark, supported by the Kingdom's information 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 attractive, consisting of having more pragmatic laws to permit experimentation and growth," said the report.
Top business leaders, policymakers and financiers from the GCC and Latin America recently explored how countries from the two regions can grow trade between each other in Dubai, UAE.More than 500 regional and global policymakers, presidents, CEOs, organization leaders, financiers, and market professionals attended the very 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 statement from organisers stated. Both regions rely on each other for important products.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the region's total 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 relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, stated a declaration.
The online forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how companies can benefit from the changing patterns of worldwide need and what role Dubai can play in facilitating the next step in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however globally too, by functioning as an info and research centre, by offering organization paperwork, using legal services, facilitating networking chances via signature company events and providing practically every conceivable service solution, it specified.
GCC development will strengthen in 2026, led by faster growth in hydrocarbons; non-oil growth will remain strong but slow slightly. Non-oil activity will be supported by population growth, brand-new markets, and public financial investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector development will speed up, balancing out in part lower oil prices; financial balances will be combined, with surpluses in UAE and Qatar, however deficits persist elsewhere.
SHARJAH (WAM) The GCC and wider 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 drawing in funds and skill, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 analyzing "What Does the Next Year of Endeavor Capital Appear Like", speakers concurred that the emerging local investment landscape appears promising.
Reacting to a question on regional startups' prospects of benefiting from current investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have so much opting for us in the region: the low cost of energy, a very progressive federal government that is ahead in policy, regulation and information privacy; and really strong universities that are increasingly taking a look at AI and turning out technical talent in AI."She added: "Our supreme objective is to see this area, particularly the GCC, end up being an AI superpower.
Our greatest driver right now is investing in skill, due to the fact that in the AI race, it's the technical talent that truly wins.
"International growth funds are can be found in, which reveals clear indications of maturity of the ecosystem The capability of the UAE and regional federal governments to draw in skill; their innovation-first approach, abundance of capital here in addition to inflow internationally are the crucial foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of handle the greatest values, with 250 "largest ticket size" offers tape-recorded in 2025 in the country.
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