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Affirming the growth of AI in the area, a report launched by PwC earlier this month said that the usage of AI amongst the labor force in the Middle East continues to increase, with 75 percent of employees in the area using it in their tasks over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the nation are all set to release AI properly, well above the 76 percent global criteria, supported by the Kingdom's data governance environment, consisting of national efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the area attractive, including having more pragmatic laws to permit experimentation and development," stated the report.
Utilizing GCC Research to Effectively Drive Strategic GrowthTop company leaders, policymakers and investors from the GCC and Latin America just recently explored how nations from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, presidents, CEOs, business leaders, financiers, and industry experts attended the very first Global Service Online 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 region were $5.6 billion, a declaration from organisers said. Both regions depend on each other for necessary items.
In 2015 Latin America supplied almost 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 countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, stated a statement.
The forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how companies can gain from the changing patterns of worldwide demand and what role Dubai can play in helping with the next step in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however worldwide too, by serving as a details and research study centre, by offering service documents, providing legal services, assisting in networking chances by means of signature company occasions and providing practically every conceivable company service, it stated.
GCC development will enhance in 2026, led by faster growth in hydrocarbons; non-oil development will stay strong but sluggish somewhat. Non-oil activity will be supported by population development, new markets, and public financial investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector development will speed up, balancing out in part lower oil rates; financial balances will be blended, with surpluses in UAE and Qatar, however deficits persist in other places.
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 drawing in funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Look Like", speakers agreed that the emerging local financial investment landscape appears promising.
Utilizing GCC Research to Effectively Drive Strategic GrowthReacting to a concern on regional start-ups' potential customers of taking advantage of recent financial investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have a lot opting for us in the area: the low expense of energy, a very progressive federal government that is ahead in policy, regulation and data privacy; and actually strong academic organizations that are increasingly looking at AI and turning out technical talent in AI."She included: "Our ultimate goal is to see this region, particularly the GCC, become an AI superpower.
Our greatest chauffeur today is purchasing talent, due to the fact that in the AI race, it's the technical talent that really wins."Focusing on the appearance of the area for investors, Christos Mastoras, Founder and Handling Partner of Iliad Partners, stated: "I think we are very lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for investment in the area.
"International development funds are being available in, which shows clear signs of maturity of the community The capability of the UAE and local governments to bring in skill; their innovation-first approach, abundance of capital here along with inflow internationally are the essential foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of offers with the greatest values, with 250 "largest ticket size" offers recorded in 2025 in the nation.
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