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Affirming the growth of AI in the region, a report launched by PwC previously this month said that the usage of AI among the labor force in the Middle East continues to rise, with 75 percent of workers 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 technology sector and stated that 84 percent of CEOs in the nation are all set to release AI properly, well above the 76 percent international criteria, supported by the Kingdom's data governance ecosystem, consisting of nationwide initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the area attractive, consisting of having more pragmatic laws to enable experimentation and growth," said the report.
Discovering Success in Saudi Arabia's Emerging Secondary CitiesTop service leaders, policymakers and financiers from the GCC and Latin America just recently checked out how nations from the two regions can grow trade in between each other in Dubai, UAE.More than 500 local and worldwide policymakers, heads of state, CEOs, business leaders, investors, and market specialists went to the 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers stated. Both areas rely on each other for essential products.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the region's overall sugar imports, it added. Brazil is by far the largest trading partner for countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, said a declaration.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how companies can benefit from the changing patterns of worldwide demand and what function Dubai can play in helping with the next step in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but internationally too, by acting as a details and research centre, by supplying organization documents, offering legal services, helping with networking chances by means of signature company occasions and delivering nearly every conceivable service option, it mentioned.
GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain solid however sluggish a little. Non-oil activity will be supported by population growth, brand-new industries, and public financial investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector growth will accelerate, balancing out in part lower oil rates; financial balances will be combined, with surpluses in UAE and Qatar, but deficits continue somewhere else.
SHARJAH (WAM) The GCC and wider 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 bring in funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging local investment landscape appears appealing.
Discovering Success in Saudi Arabia's Emerging Secondary CitiesReacting to a concern on local start-ups' potential customers of benefiting from recent financial investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have a lot opting for us in the area: the low expense of energy, a really progressive government that is ahead in policy, guideline and data personal privacy; and really strong universities that are significantly taking a look at AI and ending up technical talent in AI."She included: "Our ultimate goal is to see this region, specifically the GCC, become an AI superpower.
Our most significant chauffeur right now is investing in skill, because in the AI race, it's the technical talent that really wins.
"International development funds are coming in, which reveals clear signs of maturity of the ecosystem The ability of the UAE and regional governments to bring in talent; their innovation-first technique, abundance of capital here in addition to inflow internationally are the key foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of handle the greatest values, with 250 "biggest ticket size" deals recorded in 2025 in the country.
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