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Affirming the growth of AI in the region, a report launched by PwC previously this month stated that the use of AI among the labor force in the Middle East continues to increase, with 75 percent of staff members in the region utilizing it in their tasks over the previous 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 nation are ready to deploy AI properly, well above the 76 percent worldwide criteria, supported by the Kingdom's information governance environment, consisting of nationwide initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the area appealing, consisting of having more pragmatic laws to permit for experimentation and growth," stated the report.
Evaluating Corporate Strategy Models across the GCCTop service leaders, policymakers and investors from the GCC and Latin America recently explored how nations from the two areas can grow trade in between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, magnate, financiers, and industry professionals went to the very first Global Service Online 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 declaration from organisers stated. Both regions depend on each other for necessary items.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the area's overall 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 counts on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for cars and Chile for wood products, said a statement.
The forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how companies can gain from the changing patterns of international need and what role Dubai can play in helping with the next action in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by serving as an info and research study centre, by offering business paperwork, providing legal services, assisting in networking opportunities by means of signature organization events and delivering nearly every imaginable company service, it mentioned.
GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will remain solid but sluggish somewhat. Non-oil activity will be supported by population growth, new industries, and public financial investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector growth will accelerate, offsetting in part lower oil rates; financial balances will be combined, with surpluses in UAE and Qatar, but deficits continue elsewhere.
SHARJAH (WAM) The GCC and broader 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 drawing in funds and skill, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the very first day of SEF 2026 taking a look at "What Does the Next Year of Endeavor Capital Appear Like", speakers concurred that the emerging local investment landscape appears appealing.
Corporate Strategy for Regional SuccessReacting to a concern on regional start-ups' prospects of gaining from current financial investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have a lot opting for us in the region: the low expense of energy, a very progressive federal government that is ahead in policy, policy and data privacy; and really strong universities that are progressively looking at AI and turning out technical skill in AI."She included: "Our ultimate objective is to see this region, particularly the GCC, become an AI superpower.
Our biggest chauffeur right now is purchasing talent, due to the fact that in the AI race, it's the technical skill that actually wins."Concentrating on the beauty of the region for investors, Christos Mastoras, Founder and Handling Partner of Iliad Partners, stated: "I think we are really lucky to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for investment in the region.
"International development funds are coming in, which reveals clear signs of maturity of the environment The ability of the UAE and regional federal governments to bring in skill; their innovation-first technique, abundance of capital here along with inflow globally are the key foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of deals with the greatest worths, with 250 "largest ticket size" deals taped in 2025 in the nation.
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