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Affirming the growth of AI in the area, a report released by PwC previously this month said that the usage of AI among the labor force 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 released by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the nation are prepared to deploy AI properly, well above the 76 percent worldwide criteria, supported by the Kingdom's data governance environment, consisting of nationwide efforts led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the area attractive, consisting of having more practical laws to enable experimentation and development," stated the report.
Leading organization leaders, policymakers and investors from the GCC and Latin America recently explored how countries from the two areas can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, presidents, CEOs, organization leaders, financiers, and industry specialists participated in 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 essential products.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it added. Brazil is by far the largest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, stated a statement.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how businesses can gain from the changing patterns of international need and what role Dubai can play in facilitating 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 serving as an info and research centre, by providing company documents, using legal services, assisting in networking opportunities via signature service occasions and delivering almost every imaginable organization option, it mentioned.
GCC growth will enhance in 2026, led by faster growth in hydrocarbons; non-oil development will stay solid but sluggish somewhat. Non-oil activity will be supported by population development, new markets, and public investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector development will speed up, offsetting in part lower oil rates; fiscal balances will be combined, with surpluses in UAE and Qatar, however deficits persist elsewhere.
SHARJAH (WAM) The GCC and larger 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 attracting funds and skill, stated company leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Endeavor Capital Look Like", speakers agreed that the emerging local investment landscape appears appealing.
Reacting to a question on local startups' prospects of benefiting from recent financial investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have so much opting for us in the area: the low expense of energy, a really progressive government that is ahead in policy, policy and data personal privacy; and really strong academic institutions that are significantly taking a look at AI and ending up technical skill in AI."She added: "Our supreme objective is to see this area, particularly the GCC, become an AI superpower.
Our most significant motorist today is buying talent, because in the AI race, it's the technical talent that truly wins."Focusing on the attractiveness of the region for investors, Christos Mastoras, Founder and Managing Partner of Iliad Partners, stated: "I think we are really lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International development funds are coming in, which shows clear indications of maturity of the ecosystem The ability of the UAE and local governments to draw in talent; their innovation-first method, abundance of capital here along with inflow globally are the crucial foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of deals with the greatest values, with 250 "largest ticket size" deals tape-recorded in 2025 in the nation.
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