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Affirming the development of AI in the area, a report released by PwC earlier this month stated that the usage of AI among the labor force in the Middle East continues to increase, with 75 percent of staff members in the area utilizing it in their jobs over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the nation are prepared to deploy AI properly, well above the 76 percent international benchmark, supported by the Kingdom's information governance ecosystem, consisting of national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the region appealing, including having more practical laws to permit for experimentation and development," stated the report.
Why Analytics Shapes GCC Enterprise VisionTop magnate, policymakers and investors from the GCC and Latin America recently checked out how countries from the two areas can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, heads of state, CEOs, service leaders, investors, and industry professionals attended the very first Global Business 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 area were $5.6 billion, a statement from organisers said. Both regions rely on each other for vital items.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it added. Brazil is by far the biggest trading partner for countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (generally poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, stated a statement.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how companies can benefit from the changing patterns of global need and what role Dubai can play in helping with the next action in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however worldwide too, by functioning as an information and research study centre, by supplying organization documentation, using legal services, helping with networking opportunities via signature organization occasions and providing almost every possible organization solution, it stated.
GCC development will strengthen in 2026, led by faster growth in hydrocarbons; non-oil development will stay solid however sluggish slightly. Non-oil activity will be supported by population development, brand-new markets, and public investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector development will speed up, offsetting in part lower oil prices; financial balances will be combined, 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 financial investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies drawing in funds and talent, said service leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the first day of SEF 2026 analyzing "What Does the Next Year of Endeavor Capital Appear Like", speakers concurred that the emerging local investment landscape appears promising.
Boosting Regional Industrial Growth through Operational ExcellenceReacting to a question on regional start-ups' prospects of gaining from recent investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have a lot choosing us in the region: the low cost of energy, an extremely progressive government that is ahead in policy, regulation and information privacy; and actually strong universities that are increasingly looking at AI and turning out technical talent in AI."She included: "Our supreme objective is to see this region, particularly the GCC, end up being an AI superpower.
Our greatest driver right now 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, said: "I believe we are really lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the region.
"International development funds are can be found in, which reveals clear indications of maturity of the community The capability of the UAE and local federal governments to attract skill; their innovation-first method, abundance of capital here as well as inflow globally are the key building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of handle the greatest values, with 250 "biggest ticket size" offers tape-recorded in 2025 in the nation.
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