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Verifying the development of AI in the area, a report launched by PwC previously this month said that the use of AI among the workforce in the Middle East continues to increase, with 75 percent of workers in the region utilizing it in their tasks over the previous 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the country are ready to deploy AI responsibly, well above the 76 percent international benchmark, supported by the Kingdom's information governance community, including national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the region appealing, including having more practical laws to enable experimentation and growth," stated the report.
Using the Development of Saudi Arabia's New HubsTop magnate, policymakers and financiers from the GCC and Latin America just recently checked out how countries from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, company leaders, investors, and industry experts participated in the very 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 area were $5.6 billion, a declaration from organisers said. Both areas count on each other for necessary products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the area's total sugar imports, it added. Brazil is by far the largest trading partner for countries in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, stated a statement.
The online forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how services can take advantage of the altering patterns of global need and what role Dubai can play in facilitating the next action in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by functioning as an info and research centre, by offering service documentation, using legal services, facilitating networking chances by means of signature company events and delivering nearly every imaginable company option, it stated.
GCC development will reinforce in 2026, led by faster growth in hydrocarbons; non-oil development will remain solid but slow slightly. Non-oil activity will be supported by population development, brand-new industries, and public investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector development will accelerate, offsetting in part lower oil rates; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits continue elsewhere.
SHARJAH (WAM) The GCC and larger Middle East area is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies attracting funds and talent, stated service leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the first day of SEF 2026 examining "What Does the Next Year of Venture Capital Appear Like", speakers agreed that the emerging local investment landscape appears appealing.
Reacting to a concern on regional start-ups' prospects of gaining from recent investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have so much opting for us in the region: the low expense of energy, an extremely progressive government that is ahead in policy, regulation and information personal privacy; and actually strong universities that are significantly looking at AI and ending up technical talent in AI."She included: "Our supreme objective is to see this region, specifically the GCC, end up being an AI superpower.
Our biggest motorist right now is investing in skill, since in the AI race, it's the technical skill that really wins.
"International development funds are can be found in, which shows clear indications of maturity of the environment The ability of the UAE and local governments to bring in skill; their innovation-first approach, abundance of capital here along with inflow internationally are the essential foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of handle the highest worths, with 250 "biggest ticket size" offers recorded in 2025 in the country.
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