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Affirming the growth of AI in the area, a report launched by PwC previously this month stated that the use of AI among the labor force in the Middle East continues to rise, with 75 percent of employees in the area utilizing it in their tasks over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the innovation sector and stated that 84 percent of CEOs in the country are prepared to deploy AI properly, well above the 76 percent international criteria, supported by the Kingdom's information governance ecosystem, consisting of nationwide initiatives led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the area attractive, including having more pragmatic laws to enable experimentation and development," stated the report.
Assessing the Potential of Saudi Arabia's Emerging Urban HubsLeading magnate, 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 international policymakers, presidents, CEOs, magnate, financiers, and market specialists went to the first Global Organization 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 rely on each other for necessary products.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it included. Brazil is without a doubt the biggest trading partner for countries in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, said a declaration.
The online forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how services can benefit from the altering patterns of worldwide demand and what role Dubai can play in assisting in the next step in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by serving as a details and research centre, by supplying organization paperwork, using legal services, facilitating networking opportunities by means of signature business events and delivering almost every possible business solution, it specified.
GCC development will enhance in 2026, led by faster growth in hydrocarbons; non-oil growth will remain solid but sluggish slightly. Non-oil activity will be supported by population development, brand-new industries, and public financial investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector development will speed up, offsetting in part lower oil rates; financial balances will be blended, with surpluses in UAE and Qatar, however deficits continue in other places.
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, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Look Like", speakers agreed that the emerging local investment landscape appears appealing.
Is Your Existing Outsourcing Design Developed for 2026 Tech?Reacting to a concern on regional start-ups' potential customers of taking advantage of current investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have a lot choosing us in the area: the low cost of energy, a really progressive government that is ahead in policy, regulation and information privacy; and actually strong instructional organizations that are increasingly taking a look at AI and ending up technical skill in AI."She added: "Our ultimate objective is to see this region, particularly the GCC, become an AI superpower.
Our most significant driver today is purchasing skill, since in the AI race, it's the technical talent that really wins."Focusing on the appearance of the area for financiers, Christos Mastoras, Founder and Managing Partner of Iliad Partners, stated: "I believe we are very lucky to onboard the three biggest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International development funds are coming in, which shows clear indications of maturity of the community The ability of the UAE and local federal governments to attract skill; their innovation-first technique, abundance of capital here in addition to inflow globally are the key building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of offers with the highest values, with 250 "biggest ticket size" offers taped in 2025 in the nation.
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