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Verifying the development of AI in the area, a report released by PwC earlier this month said that the usage of AI among the workforce in the Middle East continues to increase, with 75 percent of workers in the area using it in their jobs over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the technology sector and stated that 84 percent of CEOs in the nation are ready to release AI responsibly, well above the 76 percent global criteria, supported by the Kingdom's information governance environment, including national initiatives led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the region appealing, consisting of having more practical laws to permit experimentation and development," said the report.
Winning Local Hearts: A Guide to Saudi Market EntryLeading business leaders, policymakers and financiers from the GCC and Latin America recently checked out how nations from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, presidents, CEOs, company leaders, investors, and market specialists participated in the very first Global Company 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers stated. Both regions rely on each other for important items.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the region'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 depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for vehicles and Chile for wood products, said a statement.
The online forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how businesses can benefit from the altering patterns of international demand and what function Dubai can play in facilitating the next action in company relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by functioning as a details and research centre, by providing organization paperwork, using legal services, facilitating networking opportunities by means of signature business events and providing nearly every imaginable organization option, it mentioned.
GCC growth will enhance in 2026, led by faster growth in hydrocarbons; non-oil development will remain strong however slow slightly. Non-oil activity will be supported by population development, new industries, and public financial investment; inflation will remain soft, while monetary policy will loosen up. Hydrocarbons sector growth will accelerate, balancing out in part lower oil rates; fiscal balances will be combined, with surpluses in UAE and Qatar, however deficits continue somewhere else.
SHARJAH (WAM) The GCC and broader 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 drawing 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 Endeavor Capital Look Like", speakers concurred that the emerging local financial investment landscape appears promising.
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Reacting to a question on regional startups' prospects of gaining from current financial investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have so much choosing us in the area: the low expense of energy, an extremely progressive government that is ahead in policy, policy and information privacy; and actually strong universities that are progressively taking a look at AI and turning out technical skill in AI."She included: "Our ultimate goal is to see this area, specifically the GCC, end up being an AI superpower.
Our greatest chauffeur right now is investing in skill, since in the AI race, it's the technical talent that really wins.
"International development funds are coming in, which shows clear signs of maturity of the community The ability of the UAE and regional governments to draw in skill; their innovation-first technique, abundance of capital here as well as inflow internationally are the key foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of handle the greatest values, with 250 "largest ticket size" deals tape-recorded in 2025 in the country.
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