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Verifying the growth of AI in the area, 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 area utilizing it in their jobs over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the nation are prepared to release AI responsibly, well above the 76 percent global standard, supported by the Kingdom's data governance environment, consisting of nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the area appealing, consisting of having more practical laws to enable for experimentation and development," stated the report.
Accelerating Dubai Industrial Growth StrategiesTop service leaders, policymakers and financiers from the GCC and Latin America just recently checked out how countries from the two regions can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, organization leaders, financiers, and industry professionals participated in the first Global Business Forum Latin America held at the Atlantis Palm - Dubai.
In 2015 the GCC made up 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 area were $5.6 billion, a declaration from organisers stated. Both areas depend on each other for vital products.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it added. Brazil is by far the largest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for vehicles and Chile for wood products, stated a declaration.
The forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how services can gain from the altering patterns of global need and what function Dubai can play in assisting in the next action in company relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by serving as an info and research study centre, by supplying organization documents, providing legal services, assisting in networking opportunities through signature company events and providing almost every possible business solution, it mentioned.
GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will stay strong however sluggish somewhat. Non-oil activity will be supported by population growth, brand-new markets, and public financial investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector development will speed up, balancing out in part lower oil prices; financial balances will be mixed, with surpluses in UAE and Qatar, however deficits persist somewhere else.
SHARJAH (WAM) The GCC and broader Middle East area is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies attracting funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the first day of SEF 2026 examining "What Does the Next Year of Equity Capital Look Like", speakers agreed that the emerging regional investment landscape appears promising.
Reacting to a concern on regional startups' prospects of benefiting from recent investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have a lot choosing us in the region: the low cost of energy, an extremely progressive government that is ahead in policy, regulation and information privacy; and actually strong educational institutions that are increasingly looking at AI and ending up technical talent in AI."She added: "Our ultimate goal is to see this region, particularly the GCC, become an AI superpower.
Our greatest chauffeur today is buying talent, due to the fact that in the AI race, it's the technical skill that truly wins."Concentrating on the attractiveness of the region for financiers, Christos Mastoras, Creator and Handling Partner of Iliad Partners, stated: "I think we are really fortunate to onboard the three biggest banks of Greece as LPs [Limited Partners] for investment in the region.
"International development funds are being available in, which shows clear indications of maturity of the community The capability of the UAE and local governments to draw in skill; their innovation-first approach, abundance of capital here as well as inflow worldwide are the crucial building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of handle the highest worths, with 250 "largest ticket size" deals taped in 2025 in the nation.
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