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Verifying the development of AI in the area, a report released by PwC previously this month stated that the usage of AI among the workforce in the Middle East continues to increase, with 75 percent of employees in the area utilizing 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 said that 84 percent of CEOs in the nation are ready to deploy AI responsibly, well above the 76 percent global benchmark, supported by the Kingdom's information governance ecosystem, including nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the area attractive, consisting of having more practical laws to permit experimentation and development," said the report.
Evaluating Your GCC Outsourcing Partners for the Long TermTop company leaders, policymakers and investors from the GCC and Latin America recently explored how nations from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 local and worldwide policymakers, presidents, CEOs, service leaders, investors, and industry specialists attended the first Global Organization Forum Latin America held at the Atlantis Palm - Dubai.
In 2015 the GCC made up of the UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia, imported $11 billion worth of products from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both areas count on each other for essential products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it included. 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 relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for cars and Chile for wood items, stated a statement.
The forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how companies can take advantage of the altering patterns of worldwide need and what function Dubai can play in helping with the next step in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however worldwide too, by serving as an information and research study centre, by supplying service paperwork, providing legal services, helping with networking chances by means of signature business events and providing almost every conceivable service option, it stated.
GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay strong however sluggish slightly. Non-oil activity will be supported by population development, new industries, and public investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector growth will accelerate, offsetting in part lower oil rates; fiscal balances will be combined, with surpluses in UAE and Qatar, however deficits continue elsewhere.
SHARJAH (WAM) The GCC and larger Middle East region is poised for the next wave of 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 conversation on the first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Look Like", speakers concurred that the emerging local financial investment landscape appears promising.
Closing the Skills Space in the UAE Labor MarketReacting to a question on regional start-ups' potential customers of gaining from recent financial investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have so much going for us in the area: the low cost of energy, an extremely progressive federal government that is ahead in policy, policy and data privacy; and actually strong universities that are increasingly looking at AI and turning out technical talent in AI."She added: "Our supreme objective is to see this area, particularly the GCC, end up being an AI superpower.
Our biggest motorist right now is investing in talent, since in the AI race, it's the technical talent that truly wins.
"International development funds are can be found in, which shows clear indications of maturity of the environment The ability of the UAE and local federal governments to bring in skill; their innovation-first method, abundance of capital here as well as inflow worldwide are the essential foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of offers with the greatest worths, with 250 "largest ticket size" deals tape-recorded in 2025 in the nation.
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