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Verifying the growth of AI in the area, a report released by PwC earlier this month stated that the use of AI among the workforce in the Middle East continues to increase, with 75 percent of employees in the region using it in their tasks over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the nation are ready to deploy AI responsibly, well above the 76 percent international standard, supported by the Kingdom's data governance environment, including national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area appealing, consisting of having more pragmatic laws to allow for experimentation and growth," said the report.
Enterprise Agility in a Changing GCC MarketLeading magnate, policymakers and investors from the GCC and Latin America recently checked out how nations from the two areas can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, heads of state, CEOs, business leaders, investors, and market specialists 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 items from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers said. Both areas count on each other for essential products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the region's total sugar imports, it included. Brazil is without a doubt the largest trading partner for nations in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (generally 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 businesses can take advantage of the altering patterns of international need and what function 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 worldwide too, by functioning as a details and research study centre, by offering organization documents, offering legal services, facilitating networking opportunities via signature organization events and delivering nearly every imaginable company option, it stated.
GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil development will stay strong however slow slightly. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector growth will speed up, balancing out in part lower oil rates; financial balances will be mixed, with surpluses in UAE and Qatar, but 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 government policies attracting funds and skill, said business leaders at the 9th edition of Sharjah Entrepreneurial Celebration (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 agreed that the emerging local financial investment landscape appears appealing.
Enterprise Agility in a Changing GCC MarketReacting to a question on local startups' potential customers of gaining from recent investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have so much opting for us in the region: the low expense of energy, a very progressive federal government that is ahead in policy, regulation and information personal privacy; and actually strong universities that are progressively looking at AI and ending up technical skill in AI."She added: "Our supreme goal is to see this region, specifically the GCC, become an AI superpower.
Our most significant chauffeur right now is investing in skill, due to the fact that in the AI race, it's the technical talent that really wins.
"International development funds are can be found in, which shows clear indications of maturity of the ecosystem The ability of the UAE and regional governments to draw in skill; their innovation-first approach, abundance of capital here in addition to inflow globally are the crucial building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of offers with the greatest worths, with 250 "biggest ticket size" deals taped in 2025 in the country.
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