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Affirming the development 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 increase, with 75 percent of workers in the area utilizing it in their tasks over the previous 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's development in the technology sector and said that 84 percent of CEOs in the country are all set to release AI responsibly, well above the 76 percent worldwide criteria, supported by the Kingdom's information governance environment, including 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 practical laws to enable experimentation and development," said the report.
How to Develop a Sustainable Presence in Saudi ArabiaTop magnate, policymakers and financiers from the GCC and Latin America just recently explored how countries from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 local and global policymakers, heads of state, CEOs, service leaders, financiers, and industry experts participated in the very first Global Organization Online forum Latin America held at the Atlantis Palm - Dubai.
In 2015 the GCC comprised 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 declaration from organisers said. Both areas depend on each other for vital items.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the region's total sugar imports, it added. Brazil is by far the largest trading partner for nations 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 vehicles and Chile for wood items, said a declaration.
The forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how companies can gain from the altering patterns of international demand and what function Dubai can play in assisting in the next action in organization relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by acting as an info and research study centre, by supplying company documentation, offering legal services, facilitating networking opportunities by means of signature business occasions and providing almost every possible organization option, it specified.
GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will stay strong however slow somewhat. Non-oil activity will be supported by population growth, new markets, 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 combined, with surpluses in UAE and Qatar, however deficits persist in other places.
SHARJAH (WAM) The GCC and broader Middle East area 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, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 analyzing "What Does the Next Year of Endeavor Capital Look Like", speakers concurred that the emerging regional financial investment landscape appears promising.
Responding to a question on local start-ups' prospects of benefiting from recent financial investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have so much opting for us in the region: the low cost of energy, an extremely progressive federal government that is ahead in policy, guideline and data personal privacy; and really strong universities that are significantly looking at AI and turning out technical talent in AI."She included: "Our ultimate goal is to see this area, specifically the GCC, become an AI superpower.
Our most significant chauffeur today is investing in skill, because in the AI race, it's the technical skill that really wins."Concentrating on the beauty of the area for financiers, Christos Mastoras, Creator and Handling Partner of Iliad Partners, stated: "I think we are very lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International growth funds are being available in, which shows clear signs of maturity of the community The capability of the UAE and regional federal governments to draw in skill; their innovation-first approach, abundance of capital here along with inflow internationally are the key foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of handle the highest values, with 250 "largest ticket size" offers tape-recorded in 2025 in the country.
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