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Affirming the growth of AI in the area, a report released by PwC previously this month stated that the use of AI among 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 previous 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's development in the technology sector and said that 84 percent of CEOs in the country are all set to release AI responsibly, well above the 76 percent worldwide benchmark, supported by the Kingdom's data governance environment, including national efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the region appealing, including having more pragmatic laws to permit experimentation and growth," said the report.
Leading company leaders, policymakers and investors from the GCC and Latin America just recently explored how countries from the two areas can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, heads of state, CEOs, magnate, investors, and market specialists participated in the very first Global Company 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 goods 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 important products.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it added. Brazil is by far the biggest trading partner for countries in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (generally poultry), Argentina for cereals, Mexico for cars and Chile for wood items, said a declaration.
The forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how businesses can take advantage of the changing patterns of worldwide demand and what role Dubai can play in facilitating the next action in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by acting as an info and research study centre, by offering service documentation, providing legal services, helping with networking opportunities through signature organization occasions and delivering nearly every imaginable organization solution, it stated.
GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay solid but sluggish somewhat. Non-oil activity will be supported by population growth, brand-new industries, and public financial investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector growth will speed up, offsetting in part lower oil rates; financial balances will be blended, with surpluses in UAE and Qatar, however deficits continue elsewhere.
SHARJAH (WAM) The GCC and broader 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 talent, said service leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the very first day of SEF 2026 analyzing "What Does the Next Year of Endeavor Capital Appear Like", speakers concurred that the emerging regional financial investment landscape appears promising.
Reacting to a question on local startups' potential customers of benefiting from recent financial investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have so much choosing us in the area: the low expense of energy, an extremely progressive federal government that is ahead in policy, policy and data personal privacy; and actually strong educational organizations that are progressively taking a look 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 greatest motorist right now is investing in skill, because in the AI race, it's the technical skill that really wins.
"International growth funds are can be found in, which shows clear signs of maturity of the environment The ability of the UAE and regional federal governments to draw in skill; their innovation-first technique, abundance of capital here along with 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 variety of offers with the greatest values, with 250 "largest ticket size" deals recorded in 2025 in the nation.
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