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Affirming the growth of AI in the area, a report launched by PwC previously this month said that the usage of AI amongst the labor force in the Middle East continues to rise, with 75 percent of workers in the region utilizing it in their tasks over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the country are prepared to deploy AI responsibly, well above the 76 percent worldwide standard, supported by the Kingdom's information governance environment, including national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the region appealing, including having more pragmatic laws to enable experimentation and development," stated the report.
Adjusting to the Changing Face of Omani Organization RegulationsLeading magnate, policymakers and investors from the GCC and Latin America just recently checked out how nations from the two regions can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, heads of state, CEOs, magnate, investors, and market professionals attended the first Global Service 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 statement from organisers said. Both regions count on each other for vital items.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it added. Brazil is by far the biggest trading partner for nations in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, stated a statement.
The online forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how organizations can benefit from the changing patterns of global demand and what function Dubai can play in helping with the next step in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but globally too, by functioning as an information and research centre, by offering service paperwork, offering legal services, assisting in networking chances through signature business occasions and delivering practically every conceivable company solution, it stated.
GCC development will enhance in 2026, led by faster growth in hydrocarbons; non-oil development will remain strong however sluggish a little. Non-oil activity will be supported by population development, brand-new industries, and public financial investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector growth will speed up, offsetting in part lower oil prices; financial balances will be mixed, with surpluses in UAE and Qatar, but deficits continue elsewhere.
SHARJAH (WAM) The GCC and wider Middle East area is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies bring in funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout 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.
Reacting to a question on local start-ups' potential customers of gaining from recent financial investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have so much going for us in the area: the low cost of energy, a very progressive government that is ahead in policy, regulation and information personal privacy; and truly strong universities that are significantly looking at AI and ending up technical talent in AI."She added: "Our supreme goal is to see this area, specifically the GCC, become an AI superpower.
Our biggest chauffeur right now is investing in skill, because in the AI race, it's the technical skill that actually wins."Focusing on the appearance of the area for financiers, Christos Mastoras, Creator and Managing Partner of Iliad Partners, said: "I believe we are really lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International growth funds are coming in, which shows clear signs of maturity of the ecosystem The ability of the UAE and regional governments to attract skill; their innovation-first approach, abundance of capital here along with inflow globally are the essential building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of deals with the greatest worths, with 250 "largest ticket size" offers tape-recorded in 2025 in the nation.
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