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Verifying the development of AI in the region, a report launched by PwC previously this month stated that the usage of AI among the labor force in the Middle East continues to rise, with 75 percent of employees in the area using it in their tasks over the past 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 nation are all set to release AI properly, well above the 76 percent global benchmark, supported by the Kingdom's data governance ecosystem, including nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area attractive, consisting of having more pragmatic laws to enable experimentation and development," stated the report.
Boosting Dubai Industrial Growth through Operational ExcellenceTop magnate, policymakers and financiers from the GCC and Latin America recently checked out how countries from the two regions can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, service leaders, investors, and industry specialists participated in the very first Global Service 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 items from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers stated. Both areas rely on each other for essential products.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it added. Brazil is without a doubt the biggest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for cars and Chile for wood items, said a statement.
The online forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how services can take advantage of the changing patterns of worldwide demand and what role Dubai can play in facilitating the next step in organization relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but internationally too, by functioning as an info and research study centre, by providing service paperwork, offering legal services, facilitating networking opportunities by means of signature service events and delivering nearly every imaginable organization solution, it stated.
GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will stay strong however sluggish a little. Non-oil activity will be supported by population development, new markets, and public investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector growth will accelerate, offsetting 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 wider Middle East region 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, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the first day of SEF 2026 examining "What Does the Next Year of Venture Capital Look Like", speakers agreed that the emerging regional investment landscape appears appealing.
Actionable Tips for Navigating the 2026 GCC LandscapeResponding to a question on regional startups' prospects of taking advantage of recent financial 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 expense of energy, a really progressive government that is ahead in policy, policy and data personal privacy; and actually strong educational organizations that are progressively looking at AI and ending up technical talent in AI."She included: "Our supreme goal is to see this region, particularly the GCC, become an AI superpower.
Our greatest driver right now is investing in talent, due to the fact that in the AI race, it's the technical skill that actually wins.
"International development funds are can be found in, which reveals clear signs of maturity of the ecosystem The capability of the UAE and regional federal governments to bring in talent; their innovation-first technique, abundance of capital here as well as inflow worldwide are the crucial foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of handle the highest worths, with 250 "largest ticket size" offers taped in 2025 in the country.
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