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Verifying the development of AI in the region, a report launched by PwC previously this month said that the usage of AI among the labor force in the Middle East continues to increase, with 75 percent of employees in the region using it in their tasks over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the nation are all set to deploy AI properly, well above the 76 percent international standard, supported by the Kingdom's data governance community, including nationwide 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.
Leading magnate, policymakers and financiers from the GCC and Latin America just recently checked out how nations from the two regions can grow trade between each other in Dubai, UAE.More than 500 local and worldwide policymakers, presidents, CEOs, magnate, investors, 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers stated. Both areas count on each other for important items.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent of the region's total sugar imports, it added. Brazil is by far 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 cars and Chile for wood products, said a declaration.
The forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how services can gain from the changing patterns of global need and what role Dubai can play in assisting in the next action 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 information and research study centre, by providing service paperwork, offering legal services, helping with networking chances through signature company events and delivering nearly every conceivable service service, it specified.
GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will stay solid however slow somewhat. Non-oil activity will be supported by population growth, new industries, and public investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector growth will speed up, balancing out in part lower oil prices; fiscal balances will be combined, with surpluses in UAE and Qatar, however deficits continue elsewhere.
SHARJAH (WAM) The GCC and wider 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 bring in funds and skill, stated company leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the very first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging local financial investment landscape appears promising.
Comparing Industrial Strategy Frameworks within the GCCResponding to a concern on regional startups' potential customers of gaining from recent financial investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have a lot choosing us in the region: the low expense of energy, a very progressive federal government that is ahead in policy, regulation and data privacy; and really strong instructional institutions that are progressively looking at AI and turning out technical talent in AI."She included: "Our supreme goal is to see this region, particularly the GCC, become an AI superpower.
Our most significant driver right now is investing in skill, because in the AI race, it's the technical skill that truly wins.
"International growth funds are coming in, which reveals clear signs of maturity of the community The capability of the UAE and local federal governments to bring in talent; their innovation-first technique, abundance of capital here in addition to inflow internationally are the essential foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of offers with the highest worths, with 250 "biggest ticket size" offers tape-recorded in 2025 in the nation.
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