Reviewing New GCC Data for Future Growth

Affirming the growth of AI in the region, a report released 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 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 innovation sector and stated that 84 percent of CEOs in the nation are ready to release AI responsibly, well above the 76 percent international standard, supported by the Kingdom's data governance community, consisting of nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are thinking holistically about how to make the region appealing, consisting of having more pragmatic laws to enable for experimentation and development," said the report.

Top magnate, policymakers and financiers from the GCC and Latin America recently explored how countries from the two regions can grow trade between each other in Dubai, UAE.More than 500 local and global policymakers, presidents, CEOs, organization leaders, financiers, and industry professionals participated in the first Global Organization Forum Latin America held at the Atlantis Palm - Dubai.

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In 2015 the GCC made up of the UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia, imported $11 billion worth of products from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers stated. Both regions rely on each other for essential items.

In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it included. Brazil is by far the biggest 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 lorries and Chile for wood items, said a statement.

The online forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how companies can benefit from the altering patterns of worldwide need and what role Dubai can play in helping with the next step in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by acting as a details and research centre, by offering service paperwork, providing legal services, facilitating networking opportunities via signature service occasions and providing nearly every conceivable organization solution, it mentioned.

GCC development will enhance in 2026, led by faster growth in hydrocarbons; non-oil growth will remain solid however sluggish a little. Non-oil activity will be supported by population development, brand-new industries, and public financial investment; inflation will remain soft, while financial 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 in other places.

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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 talent, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the very first day of SEF 2026 examining "What Does the Next Year of Venture Capital Appear Like", speakers concurred that the emerging local investment landscape appears appealing.

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Reacting to a question on local start-ups' prospects of taking advantage of recent investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have so much going for us in the region: the low expense of energy, an extremely progressive government that is ahead in policy, guideline and information privacy; and really strong universities that are increasingly looking at AI and ending up technical skill in AI."She included: "Our supreme goal is to see this area, specifically the GCC, become an AI superpower.

Our biggest motorist right now is buying skill, since in the AI race, it's the technical skill that really wins."Concentrating on the attractiveness of the region for financiers, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I think we are extremely lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for financial investment in the area.

"International development funds are being available in, which shows clear signs of maturity of the community The ability of the UAE and local federal governments to attract skill; their innovation-first approach, abundance of capital here along with inflow globally are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of handle the greatest values, with 250 "biggest ticket size" deals recorded in 2025 in the nation.