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Affirming the development of AI in the area, a report launched by PwC earlier this month said that the use of AI amongst the workforce in the Middle East continues to rise, with 75 percent of employees in the area utilizing it in their jobs over the previous 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 prepared to release AI properly, well above the 76 percent global benchmark, supported by the Kingdom's data governance environment, including national 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 permit experimentation and growth," said the report.
The Shift Towards Outcome-Based Outsourcing in the GCCTop 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, business leaders, financiers, and industry experts attended the first Global Organization Online 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 region were $5.6 billion, a declaration from organisers said. Both regions rely on each other for essential items.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it added. Brazil is by far the largest trading partner for countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for cars and Chile for wood items, said a statement.
The forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how businesses can benefit from the changing patterns of global demand and what function 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 however globally too, by acting as a details and research centre, by offering service documentation, using legal services, helping with networking opportunities via signature company occasions and delivering practically every imaginable business solution, it stated.
GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay strong however slow a little. Non-oil activity will be supported by population growth, new industries, and public financial investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector development will speed up, balancing out in part lower oil prices; financial balances will be combined, with surpluses in UAE and Qatar, but deficits continue somewhere else.
SHARJAH (WAM) The GCC and broader 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 attracting funds and skill, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the very first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging local financial investment landscape appears promising.
Rethinking Supplier Partnerships for Greater GCC Operational DexterityReacting to a concern on regional start-ups' prospects of benefiting from current investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have a lot opting for us in the region: the low expense of energy, a very progressive federal government that is ahead in policy, guideline and data personal privacy; and really strong educational organizations that are significantly taking a look at AI and turning out technical skill in AI."She added: "Our ultimate goal is to see this area, specifically the GCC, become an AI superpower.
Our greatest driver right now is investing in skill, because in the AI race, it's the technical skill that truly wins.
"International growth funds are being available in, which shows clear signs of maturity of the environment The capability of the UAE and regional governments to bring in skill; their innovation-first method, abundance of capital here as well as inflow internationally are the crucial structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of handle the highest worths, with 250 "biggest ticket size" deals tape-recorded in 2025 in the country.
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