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Affirming the development of AI in the area, a report launched by PwC previously this month said that the use of AI amongst the labor force in the Middle East continues to rise, with 75 percent of employees in the region using it in their jobs over the past 12 months.
In November, a report launched 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 properly, well above the 76 percent global criteria, supported by the Kingdom's data governance community, including national initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the region appealing, consisting of having more pragmatic laws to enable experimentation and growth," said the report.
The Business owner's Guide to Emerging Saudi Business ClustersLeading magnate, policymakers and investors from the GCC and Latin America recently explored how nations from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, magnate, financiers, and market experts attended 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 products from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers stated. Both areas rely on each other for essential products.
In 2015 Latin America provided 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 countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for vehicles and Chile for wood products, stated a statement.
The online forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how businesses can gain from the altering patterns of worldwide demand and what role Dubai can play in assisting in the next action in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by acting as an information and research study centre, by offering company documents, providing legal services, assisting in networking chances through signature service events and providing nearly every possible company service, it stated.
GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay solid however slow slightly. Non-oil activity will be supported by population development, new industries, and public financial investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector development will accelerate, offsetting in part lower oil costs; financial balances will be mixed, with surpluses in UAE and Qatar, but 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 federal government policies bring in funds and talent, stated organization leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging regional investment landscape appears appealing.
The Hidden Opportunities in Saudi Arabia's Emerging CentersResponding to a question on regional startups' prospects of taking advantage of recent financial investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have a lot going for us in the area: the low expense of energy, a very progressive federal government that is ahead in policy, policy and data personal privacy; and actually strong universities that are significantly looking at AI and turning out technical talent in AI."She included: "Our supreme goal is to see this region, particularly the GCC, end up being an AI superpower.
Our greatest driver today is investing in skill, since in the AI race, it's the technical talent that really wins."Focusing on the appearance of the region for financiers, Christos Mastoras, Creator and Handling Partner of Iliad Partners, said: "I believe we are extremely fortunate to onboard the three biggest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International growth funds are coming in, which shows clear signs of maturity of the community The ability of the UAE and local governments to attract skill; their innovation-first technique, abundance of capital here as well as inflow internationally are the crucial 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 values, with 250 "biggest ticket size" deals tape-recorded in 2025 in the nation.
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