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Affirming the growth of AI in the region, a report released by PwC earlier this month said that the use of AI amongst the workforce in the Middle East continues to increase, with 75 percent of employees in the area utilizing it in their tasks over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the technology sector and stated that 84 percent of CEOs in the nation are ready to release AI responsibly, well above the 76 percent global benchmark, supported by the Kingdom's data governance environment, consisting of national efforts led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the region appealing, consisting of having more pragmatic laws to enable for experimentation and development," said the report.
Top company leaders, policymakers and investors from the GCC and Latin America recently checked out how countries from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 local and global policymakers, presidents, CEOs, magnate, investors, and market 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 goods 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 necessary products.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent of the area's total sugar imports, it added. Brazil is by far the largest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, stated a declaration.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how organizations can gain from the changing patterns of international demand and what role Dubai can play in assisting in the next action in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by functioning as a details and research centre, by providing organization documentation, providing legal services, assisting in networking opportunities via signature organization events and delivering nearly every conceivable company option, it mentioned.
GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will stay strong however sluggish slightly. Non-oil activity will be supported by population development, brand-new markets, and public financial investment; inflation will remain 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 persist somewhere else.
SHARJAH (WAM) The GCC and wider Middle East region is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies drawing in funds and skill, said organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Appear Like", speakers concurred that the emerging local investment landscape appears promising.
Forward-Thinking Operational Excellence Within 2026 MarketsReacting to a concern on local startups' prospects of gaining from current financial investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have a lot choosing us in the region: the low expense of energy, a really progressive federal government that is ahead in policy, guideline and information personal privacy; and truly strong instructional institutions that are progressively taking a look at AI and ending up technical skill in AI."She added: "Our ultimate goal is to see this area, particularly the GCC, end up being an AI superpower.
Our most significant chauffeur 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 being available in, which shows clear indications of maturity of the environment The capability of the UAE and regional federal governments to attract skill; their innovation-first technique, abundance of capital here in addition to inflow globally are the key structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of handle the highest worths, with 250 "largest ticket size" offers tape-recorded in 2025 in the country.
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