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Verifying the growth of AI in the area, a report launched by PwC earlier this month said that the usage of AI among the workforce in the Middle East continues to increase, with 75 percent of employees in the area using it in their jobs 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 country are prepared to deploy AI responsibly, well above the 76 percent international criteria, supported by the Kingdom's information governance environment, including nationwide initiatives led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the region attractive, including having more practical laws to enable for experimentation and development," stated the report.
Browsing the Intricacies of Oman's Evolving Investment LawsLeading magnate, policymakers and financiers from the GCC and Latin America just recently checked out how nations from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, magnate, financiers, and market experts attended the first Global Business 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 region were $5.6 billion, a statement from organisers said. Both regions rely on each other for essential items.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 per cent of the area's total sugar imports, it included. Brazil is by far the largest trading partner for countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, stated a statement.
The online forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how organizations can take advantage of the changing patterns of worldwide demand and what role Dubai can play in assisting in the next step in organization relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however globally too, by functioning as an info and research centre, by offering service documents, providing legal services, assisting in networking opportunities via signature company events and delivering nearly every possible service solution, it stated.
GCC growth will strengthen in 2026, led by faster growth in hydrocarbons; non-oil development will stay solid however slow slightly. 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, balancing out in part lower oil prices; financial balances will be mixed, with surpluses in UAE and Qatar, however deficits persist 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 attracting funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Appear Like", speakers agreed that the emerging local investment landscape appears promising.
Responding to a question on regional startups' potential customers of gaining from current financial investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have a lot going 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 truly strong instructional institutions that are significantly looking at AI and turning out technical talent in AI."She added: "Our ultimate objective is to see this area, specifically the GCC, end up being an AI superpower.
Our most significant motorist right now is investing in skill, because in the AI race, it's the technical skill that truly wins.
"International growth funds are being available in, which shows clear indications of maturity of the ecosystem The ability of the UAE and local federal governments to bring in skill; their innovation-first approach, abundance of capital here in addition to inflow worldwide are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of offers with the highest values, with 250 "largest ticket size" deals tape-recorded in 2025 in the country.
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