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Affirming the development of AI in the region, a report released by PwC earlier this month said that the use of AI amongst the labor force in the Middle East continues to rise, with 75 percent of staff members in the area utilizing it in their tasks over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and said that 84 percent of CEOs in the country are ready to release AI responsibly, well above the 76 percent global standard, supported by the Kingdom's information governance environment, including nationwide efforts led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the area appealing, consisting of having more practical laws to enable for experimentation and development," stated the report.
How Future-Focused Strategy Reshapes the Regional EconomyLeading company leaders, policymakers and financiers from the GCC and Latin America just recently explored how countries from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, presidents, CEOs, magnate, financiers, and market professionals attended the first Global Company Online 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 products from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers said. Both regions count on each other for necessary items.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the region's total sugar imports, it included. Brazil is by far the largest trading partner for countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, stated a statement.
The online forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how organizations can take advantage of the changing patterns of international need and what function Dubai can play in assisting in the next step in company relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however globally too, by acting as a details and research study centre, by supplying service paperwork, using legal services, assisting in networking chances through signature organization events and delivering practically every conceivable service solution, it stated.
GCC development will enhance in 2026, led by faster expansion in hydrocarbons; non-oil development will remain solid but slow slightly. Non-oil activity will be supported by population growth, 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 prices; fiscal balances will be combined, with surpluses in UAE and Qatar, however deficits persist in other places.
SHARJAH (WAM) The GCC and larger 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 attracting funds and talent, stated service leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the very first day of SEF 2026 examining "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging local financial investment landscape appears appealing.
How Future-Focused Strategy Reshapes the Regional EconomyReacting to a concern on regional startups' prospects of taking advantage of recent financial investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have a lot choosing us in the area: the low expense of energy, an extremely progressive government that is ahead in policy, regulation and data personal privacy; and actually strong universities that are increasingly taking a look at AI and turning out technical talent in AI."She included: "Our ultimate objective is to see this area, specifically the GCC, end up being an AI superpower.
Our most significant motorist today is buying skill, due to the fact that in the AI race, it's the technical talent that really wins."Concentrating on the attractiveness of the area for investors, Christos Mastoras, Founder and Handling Partner of Iliad Partners, stated: "I believe we are extremely lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for investment in the area.
"International development funds are can be found in, which reveals clear indications of maturity of the ecosystem The ability of the UAE and regional governments to bring in talent; their innovation-first method, abundance of capital here in addition to inflow internationally are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of handle the greatest worths, with 250 "biggest ticket size" deals recorded in 2025 in the country.
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