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Verifying the growth of AI in the region, a report launched by PwC earlier this month said that the use of AI amongst the labor force in the Middle East continues to increase, with 75 percent of workers in the region utilizing it in their jobs over the previous 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 ready to deploy AI properly, well above the 76 percent international standard, supported by the Kingdom's information governance community, including national initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the area attractive, consisting of having more pragmatic laws to allow for experimentation and development," said the report.
Centralizing Operations: The Next Stage for Gulf Shared ServicesLeading business leaders, policymakers and financiers from the GCC and Latin America recently explored how nations from the two regions can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, company leaders, financiers, and market experts 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 products from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers said. Both regions rely on each other for necessary products.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the area's total sugar imports, it included. Brazil is by far the largest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, stated a declaration.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how services can benefit from the altering patterns of worldwide demand and what role Dubai can play in assisting in the next step in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by serving as an info and research study centre, by providing service documentation, using legal services, assisting in networking chances via signature service occasions and delivering practically every conceivable organization option, it mentioned.
GCC growth will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will stay solid but slow somewhat. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector development will accelerate, offsetting in part lower oil rates; fiscal balances will be blended, with surpluses in UAE and Qatar, but deficits persist elsewhere.
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, said company leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Look Like", speakers agreed that the emerging local financial investment landscape appears promising.
How Emerging Saudi Centers Are Attracting Global Financial InvestmentReacting to a concern on regional startups' prospects of taking advantage of recent investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have so much opting for us in the area: the low cost of energy, a really progressive government that is ahead in policy, guideline and data privacy; and really strong academic organizations that are progressively taking a look at AI and turning out technical skill in AI."She included: "Our ultimate objective is to see this area, particularly the GCC, become an AI superpower.
Our most significant driver right now is investing in skill, due to the fact that in the AI race, it's the technical skill that actually wins.
"International growth funds are being available in, which reveals clear signs of maturity of the ecosystem The capability of the UAE and regional federal governments to draw in talent; their innovation-first approach, abundance of capital here along with inflow worldwide are the essential foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of handle the greatest values, with 250 "biggest ticket size" offers tape-recorded in 2025 in the country.
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