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Verifying the development of AI in the region, a report launched by PwC earlier this month stated that the use of AI among the labor force in the Middle East continues to increase, with 75 percent of workers in the region using it in their jobs over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the innovation sector and stated that 84 percent of CEOs in the nation are prepared to release AI properly, well above the 76 percent global standard, supported by the Kingdom's information governance community, including nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the area appealing, consisting of having more practical laws to permit experimentation and development," stated the report.
Improving Business Dexterity Through Gulf Shared Service CentersTop service leaders, policymakers and financiers from the GCC and Latin America just recently checked out how nations from the two areas can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, presidents, CEOs, magnate, financiers, and market specialists went to the first Global Business 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 count on each other for important items.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it added. Brazil is by far the biggest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, said a statement.
The online forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how services can gain from the altering patterns of global need and what function Dubai can play in facilitating the next step in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however worldwide too, by acting as a details and research study centre, by supplying business documents, offering legal services, helping with networking chances via signature company occasions and delivering nearly every imaginable service option, it mentioned.
GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay solid but slow slightly. Non-oil activity will be supported by population development, 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 costs; fiscal 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 investments in AI and tech-led sectors, with business-friendly and innovation-focused 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 Equity Capital Appear Like", speakers agreed that the emerging local financial investment landscape appears appealing.
Reacting to a question on local startups' prospects of gaining from recent financial investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have a lot choosing us in the region: the low expense of energy, a very progressive federal government that is ahead in policy, regulation and information privacy; and really strong universities that are progressively taking a look at AI and turning out technical talent in AI."She included: "Our ultimate goal is to see this region, specifically the GCC, end up being an AI superpower.
Our greatest chauffeur today is buying skill, due to the fact that in the AI race, it's the technical talent that really wins."Focusing on the attractiveness of the region for financiers, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I think we are really fortunate to onboard the three biggest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International growth funds are can be found in, which shows clear signs of maturity of the environment The capability of the UAE and local federal governments to draw in skill; their innovation-first approach, abundance of capital here as well as inflow globally are the key building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of handle the greatest values, with 250 "biggest ticket size" deals tape-recorded in 2025 in the country.
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