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Affirming the development of AI in the region, a report launched by PwC earlier this month said that the usage of AI amongst the workforce in the Middle East continues to increase, with 75 percent of employees in the region utilizing it in their jobs over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the country are prepared to deploy AI properly, well above the 76 percent international criteria, supported by the Kingdom's information governance ecosystem, consisting of national efforts led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the area appealing, including having more pragmatic laws to permit experimentation and development," stated the report.
The Benefits of Industrial Excellence for DubaiLeading business leaders, policymakers and investors from the GCC and Latin America just recently checked out how nations from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, company leaders, financiers, and market professionals participated in the 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 area were $5.6 billion, a statement from organisers stated. Both regions depend on each other for vital 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 included. Brazil is without a doubt 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 (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, said a declaration.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how services can gain from the changing patterns of international need and what function Dubai can play in facilitating the next step in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by acting as an information and research study centre, by providing company paperwork, offering legal services, helping with networking chances via signature organization occasions and delivering almost every imaginable company option, it stated.
GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong but slow somewhat. Non-oil activity will be supported by population development, brand-new markets, and public investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector development will accelerate, balancing out in part lower oil rates; financial balances will be blended, with surpluses in UAE and Qatar, however deficits persist elsewhere.
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 government policies drawing in funds and skill, said organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Look Like", speakers agreed that the emerging regional financial investment landscape appears promising.
Reacting to a question on local start-ups' prospects of benefiting from recent investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have so much going for us in the region: the low cost of energy, an extremely progressive federal government that is ahead in policy, policy and information privacy; and really strong educational institutions that are progressively looking at AI and ending up technical talent in AI."She included: "Our ultimate goal is to see this area, particularly the GCC, become an AI superpower.
Our biggest chauffeur right now is investing in skill, due to the fact that in the AI race, it's the technical skill that really wins.
"International growth funds are can be found in, which reveals clear indications of maturity of the community The capability of the UAE and local federal governments to draw in talent; their innovation-first technique, abundance of capital here in addition to inflow worldwide are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of deals with the greatest worths, with 250 "biggest ticket size" offers recorded in 2025 in the country.
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