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Affirming the development of AI in the area, a report launched by PwC previously this month stated that the usage of AI amongst the labor force in the Middle East continues to rise, with 75 percent of employees in the region utilizing it in their jobs over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's development in the innovation sector and stated that 84 percent of CEOs in the nation are ready to release AI responsibly, well above the 76 percent global criteria, supported by the Kingdom's information governance community, consisting of national efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the region appealing, including having more pragmatic laws to enable for experimentation and development," stated the report.
Winning the Hearts and Minds of UAE TalentLeading service leaders, policymakers and investors from the GCC and Latin America recently checked out how countries from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 local and worldwide policymakers, heads of state, CEOs, company leaders, financiers, and industry experts attended the very first Global Company Online 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 areas 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 included. Brazil is by far the largest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, stated a declaration.
The online forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how services can gain from the altering patterns of international demand and what function Dubai can play in facilitating the next step in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however globally too, by functioning as an information and research centre, by supplying service documentation, providing legal services, assisting in networking opportunities through signature business occasions and delivering practically every possible service solution, it specified.
GCC development will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay strong however sluggish slightly. Non-oil activity will be supported by population growth, new industries, and public financial investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector growth will accelerate, balancing out in part lower oil rates; fiscal balances will be blended, with surpluses in UAE and Qatar, but deficits continue somewhere else.
SHARJAH (WAM) The GCC and larger Middle East area 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 talent, said organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (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 Look Like", speakers concurred that the emerging regional financial investment landscape appears appealing.
Reacting to a concern on regional start-ups' potential customers of benefiting from recent 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 government that is ahead in policy, policy and information privacy; and really strong educational organizations that are increasingly taking a look at AI and turning out technical talent in AI."She included: "Our ultimate goal is to see this area, specifically the GCC, end up being an AI superpower.
Our biggest motorist today is investing in skill, since in the AI race, it's the technical skill that truly wins."Concentrating on the beauty of the region for investors, Christos Mastoras, Creator and Handling Partner of Iliad Partners, said: "I believe we are extremely lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International growth funds are being available in, which reveals clear indications of maturity of the community The ability of the UAE and local governments to bring in skill; their innovation-first approach, abundance of capital here along with inflow globally are the essential foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of handle the greatest worths, with 250 "largest ticket size" offers taped in 2025 in the country.
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