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Affirming the development of AI in the region, a report launched by PwC earlier this month stated that the usage of AI amongst the workforce in the Middle East continues to increase, with 75 percent of workers in the area using it in their jobs over the previous 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the country are all set to deploy AI properly, well above the 76 percent international benchmark, supported by the Kingdom's information governance community, including national initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the area appealing, including having more practical laws to allow for experimentation and growth," said the report.
Evaluating the Potential of Saudi Arabia's Emerging Urban HubsTop magnate, 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, heads of state, CEOs, magnate, investors, and market professionals attended 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 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 important products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the area's total sugar imports, it added. Brazil is without a doubt the biggest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, said a statement.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how services can take advantage of the changing patterns of international need and what function Dubai can play in assisting in the next step in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however worldwide too, by functioning as a details and research centre, by providing service documents, providing legal services, helping with networking opportunities via signature organization events and providing nearly every conceivable service option, it specified.
GCC development will strengthen in 2026, led by faster growth in hydrocarbons; non-oil development will stay strong however slow somewhat. Non-oil activity will be supported by population development, new industries, and public investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector growth will accelerate, balancing out in part lower oil rates; financial balances will be combined, with surpluses in UAE and Qatar, however deficits persist elsewhere.
SHARJAH (WAM) The GCC and broader Middle East area is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies attracting funds and talent, said company leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 examining "What Does the Next Year of Equity Capital Look Like", speakers concurred that the emerging local financial investment landscape appears appealing.
Evaluating the Potential of Saudi Arabia's Emerging Urban HubsReacting to a concern on local start-ups' prospects of taking advantage of current investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have a lot going for us in the region: the low cost of energy, a really progressive federal government that is ahead in policy, guideline and information privacy; and really strong universities that are significantly looking at AI and turning out technical talent in AI."She included: "Our ultimate objective is to see this area, particularly the GCC, become an AI superpower.
Our biggest motorist right now is investing in talent, because in the AI race, it's the technical skill that actually wins."Focusing on the appearance of the region for financiers, Christos Mastoras, Creator and Managing Partner of Iliad Partners, stated: "I believe we are really lucky to onboard the three biggest banks of Greece as LPs [Limited Partners] for investment in the area.
"International development funds are coming in, which shows clear indications of maturity of the community The capability of the UAE and regional federal governments to draw in skill; their innovation-first method, abundance of capital here in addition to inflow internationally are the key foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of handle the highest values, with 250 "largest ticket size" offers recorded in 2025 in the country.
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