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Affirming 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 rise, with 75 percent of staff members in the area using it in their tasks over the past 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 prepared to release AI properly, well above the 76 percent international standard, supported by the Kingdom's information governance ecosystem, consisting of nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the region attractive, including having more pragmatic laws to permit experimentation and growth," said the report.
Why Centralization Is the Key to GCC Service ScalabilityTop magnate, policymakers and investors from the GCC and Latin America just recently checked out how countries from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 regional and global policymakers, presidents, CEOs, magnate, investors, and industry specialists went to the very first Global Company 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 area were $5.6 billion, a statement from organisers said. Both areas rely on each other for important products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the area's total sugar imports, it added. Brazil is by far the largest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, said a statement.
The online forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how companies can take advantage of the changing patterns of global need and what function Dubai can play in facilitating the next action in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but globally too, by serving as an info and research study centre, by supplying service documentation, offering legal services, facilitating networking chances through signature service occasions and delivering almost every imaginable organization service, it specified.
GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay solid however slow slightly. Non-oil activity will be supported by population development, new markets, and public financial investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector growth will speed up, offsetting in part lower oil prices; financial balances will be combined, with surpluses in UAE and Qatar, however deficits persist 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 federal government policies bring in funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the very first day of SEF 2026 examining "What Does the Next Year of Endeavor Capital Look Like", speakers concurred that the emerging regional financial investment landscape appears promising.
Why Centralization Is the Key to GCC Service ScalabilityReacting to a concern on local start-ups' prospects of gaining from current financial investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have a lot choosing us in the area: the low expense of energy, a really progressive federal government that is ahead in policy, policy and data personal 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, particularly the GCC, become an AI superpower.
Our biggest chauffeur today is investing in talent, due to the fact that in the AI race, it's the technical talent that actually wins."Focusing on the appearance of the area for investors, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I think we are extremely fortunate to onboard the three largest banks of Greece as LPs [Limited Partners] for investment in the region.
"International growth funds are coming in, which shows clear signs of maturity of the community The ability of the UAE and local federal governments to draw in skill; their innovation-first method, abundance of capital here in addition to inflow worldwide are the essential building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of offers with the greatest values, with 250 "largest ticket size" offers recorded in 2025 in the country.
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