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Affirming the growth of AI in the area, a report launched by PwC earlier this month stated that the usage of AI amongst the workforce in the Middle East continues to rise, with 75 percent of staff members in the area using it in their jobs over the previous 12 months.
In November, a report launched 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 release AI responsibly, well above the 76 percent international criteria, supported by the Kingdom's data governance environment, consisting of national initiatives led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the area attractive, including having more practical laws to permit experimentation and development," stated the report.
Why UAE Skill Improvement Is a Competitive RequirementTop business leaders, policymakers and investors from the GCC and Latin America recently explored how nations from the two areas can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, magnate, investors, and market specialists went to the very first Global Service 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 items from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers said. Both areas depend on each other for important products.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it included. Brazil is without a doubt the largest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, said a declaration.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how businesses can gain from the altering patterns of worldwide need and what role Dubai can play in helping with the next action in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but internationally too, by serving as an information and research study centre, by supplying company documents, providing legal services, helping with networking chances via signature organization events and providing nearly every conceivable business service, it stated.
GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will remain strong but sluggish a little. Non-oil activity will be supported by population development, new industries, and public investment; inflation will remain soft, while monetary policy will loosen up. Hydrocarbons sector growth will accelerate, balancing out in part lower oil prices; financial balances will be combined, with surpluses in UAE and Qatar, however deficits persist somewhere else.
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 government policies drawing in funds and talent, said business leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout 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 concurred that the emerging local investment landscape appears promising.
Reacting to a question on regional start-ups' prospects of taking advantage of recent investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have so much going for us in the region: the low cost of energy, a very progressive government that is ahead in policy, policy and data personal privacy; and truly strong instructional institutions that are significantly taking a look at AI and turning out technical skill in AI."She included: "Our supreme goal is to see this region, specifically the GCC, become an AI superpower.
Our greatest driver right now is investing in talent, due to the fact that in the AI race, it's the technical skill that really wins.
"International growth funds are coming in, which reveals clear signs of maturity of the environment The capability of the UAE and regional governments to bring in skill; their innovation-first technique, abundance of capital here along with inflow globally are the essential foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of handle the greatest values, with 250 "largest ticket size" deals recorded in 2025 in the country.
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