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Affirming the development of AI in the area, a report launched by PwC previously this month said that the use of AI among the workforce in the Middle East continues to rise, with 75 percent of workers in the region using it in their tasks 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 country are ready to deploy AI properly, well above the 76 percent worldwide benchmark, supported by the Kingdom's data governance environment, consisting of national efforts led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the region appealing, consisting of having more pragmatic laws to enable experimentation and growth," stated the report.
Top magnate, policymakers and financiers from the GCC and Latin America just recently checked out how countries from the two regions can grow trade in between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, company leaders, financiers, and industry experts participated in 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 products 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 vital items.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent of the region's overall sugar imports, it included. Brazil is without a doubt the biggest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, said a declaration.
The online forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how services can take advantage of the changing patterns of worldwide need and what role Dubai can play in assisting in the next step in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but internationally too, by acting as a details and research centre, by supplying service documentation, using legal services, assisting in networking opportunities by means of signature service occasions and providing almost every imaginable service option, it stated.
GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will remain 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 up. Hydrocarbons sector development will speed up, offsetting in part lower oil prices; financial balances will be mixed, with surpluses in UAE and Qatar, but deficits continue somewhere else.
SHARJAH (WAM) The GCC and broader Middle East area 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 skill, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Equity Capital Look Like", speakers concurred that the emerging regional financial investment landscape appears appealing.
Responding to a concern on local startups' potential customers of gaining from current investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have a lot choosing us in the region: the low cost of energy, a very progressive federal government that is ahead in policy, guideline and data privacy; and actually strong educational organizations that are increasingly taking a look at AI and ending up technical talent in AI."She included: "Our supreme goal is to see this area, specifically the GCC, end up being an AI superpower.
Our greatest motorist right now is buying talent, since in the AI race, it's the technical talent that actually wins."Concentrating on the appearance of the region for financiers, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I believe we are really fortunate to onboard the 3 largest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International growth funds are being available in, which reveals clear signs of maturity of the environment The ability of the UAE and local governments to draw in talent; their innovation-first technique, abundance of capital here in addition to inflow internationally are the essential structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of handle the highest values, with 250 "largest ticket size" deals recorded in 2025 in the country.
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