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Affirming the development of AI in the region, a report released by PwC earlier this month said that the use of AI amongst the workforce in the Middle East continues to rise, with 75 percent of staff members in the area 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 all set to release AI responsibly, well above the 76 percent international criteria, supported by the Kingdom's information governance environment, consisting of national efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the area appealing, including having more pragmatic laws to enable experimentation and growth," stated the report.
Industrial Excellence: a Strategic Pillar for 2026 SuccessTop company 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 regional and international policymakers, presidents, CEOs, magnate, investors, 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 products from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers said. Both regions count on each other for important products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it included. Brazil is by far the biggest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for cars and Chile for wood products, said a declaration.
The forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how services can benefit from the altering patterns of global need and what function Dubai can play in helping with the next step in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by acting as a details and research study centre, by providing organization documentation, offering legal services, assisting in networking opportunities by means of signature organization occasions and delivering practically every imaginable business option, it specified.
GCC development will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong however sluggish slightly. Non-oil activity will be supported by population growth, brand-new industries, and public investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector development will accelerate, balancing out in part lower oil prices; financial balances will be combined, with surpluses in UAE and Qatar, however deficits continue elsewhere.
SHARJAH (WAM) The GCC and wider Middle East region is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies attracting funds and talent, said organization leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Look Like", speakers concurred that the emerging local investment landscape appears promising.
Industrial Excellence: a Strategic Pillar for 2026 Success
Reacting to a concern on regional startups' prospects of gaining from recent financial investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have a lot going for us in the region: the low cost of energy, an extremely progressive federal government that is ahead in policy, regulation and information privacy; and truly strong instructional organizations that are increasingly taking a look at AI and ending up technical skill in AI."She included: "Our supreme goal is to see this region, particularly the GCC, end up being an AI superpower.
Our greatest driver right now is buying talent, because in the AI race, it's the technical talent that truly wins."Focusing on the attractiveness of the area for financiers, Christos Mastoras, Founder and Handling Partner of Iliad Partners, said: "I believe we are extremely lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International growth funds are being available in, which reveals clear indications of maturity of the ecosystem The ability of the UAE and regional governments to bring in skill; their innovation-first approach, abundance of capital here in addition to inflow worldwide are the key building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of handle the highest worths, with 250 "biggest ticket size" deals recorded in 2025 in the country.
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