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Affirming the growth of AI in the region, a report released by PwC previously this month said that the use of AI amongst the workforce in the Middle East continues to rise, with 75 percent of staff members in the area using 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 all set to deploy AI properly, well above the 76 percent international standard, supported by the Kingdom's data governance community, consisting of nationwide initiatives led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the region appealing, consisting of having more pragmatic laws to permit for experimentation and growth," stated the report.
Leading magnate, policymakers and financiers from the GCC and Latin America just recently checked out how countries from the two regions can grow trade between each other in Dubai, UAE.More than 500 local and global policymakers, heads of state, CEOs, organization leaders, financiers, and industry professionals attended the very first Global Organization 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers said. Both areas count on each other for vital items.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the area's total sugar imports, it added. Brazil is without a doubt the biggest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (generally poultry), Argentina for cereals, Mexico for cars and Chile for wood products, stated a declaration.
The forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how companies can gain from the changing patterns of global demand and what role Dubai can play in assisting in the next action in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but worldwide too, by functioning as an information and research study centre, by offering business paperwork, using legal services, helping with networking opportunities through signature business events and providing nearly every imaginable company service, it specified.
GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will remain solid but slow somewhat. Non-oil activity will be supported by population development, brand-new markets, and public investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector growth will accelerate, balancing out in part lower oil costs; 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 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 skill, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 examining "What Does the Next Year of Endeavor Capital Look Like", speakers agreed that the emerging local financial investment landscape appears promising.
Ways to Enhance GCC Corporate PlanningResponding to a concern on regional startups' prospects of benefiting from current financial investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have a lot opting for us in the area: the low expense of energy, an extremely progressive government that is ahead in policy, guideline and information privacy; and truly strong instructional institutions that are increasingly looking at AI and ending up technical skill in AI."She added: "Our supreme goal is to see this region, specifically the GCC, become an AI superpower.
Our greatest driver right now is investing in talent, since in the AI race, it's the technical skill that truly wins.
"International development funds are being available in, which reveals clear indications of maturity of the environment The capability of the UAE and local governments to bring in skill; their innovation-first method, abundance of capital here as well as inflow globally are the crucial foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of offers with the greatest worths, with 250 "largest ticket size" offers tape-recorded in 2025 in the nation.
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