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Affirming the growth 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 region using it in their jobs over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the innovation sector and stated that 84 percent of CEOs in the nation are ready to release AI properly, well above the 76 percent worldwide standard, supported by the Kingdom's information governance environment, consisting of nationwide efforts led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the area attractive, including having more practical laws to permit experimentation and development," said the report.
The Evolution of Regional GBS Models in the GCCLeading company leaders, policymakers and investors from the GCC and Latin America just recently explored how countries from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 local and worldwide policymakers, presidents, CEOs, magnate, investors, and industry experts participated in the very first Global Company 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 count on each other for necessary items.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the region'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 depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for cars and Chile for wood items, stated a statement.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how organizations can benefit from the altering patterns of international need and what function Dubai can play in assisting in 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 functioning as an information and research centre, by providing organization paperwork, using legal services, facilitating networking opportunities via signature company events and delivering almost every possible organization solution, it mentioned.
GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will remain solid however slow somewhat. Non-oil activity will be supported by population growth, new industries, and public financial investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector growth will speed up, balancing out in part lower oil costs; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits persist elsewhere.
SHARJAH (WAM) The GCC and wider Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies drawing in funds and talent, stated organization leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During 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 regional investment landscape appears promising.
The Evolution of Regional GBS Models in the GCCReacting to a concern on local start-ups' potential customers of taking advantage of current financial investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have so much opting for us in the region: the low cost of energy, a very progressive federal government that is ahead in policy, guideline and information privacy; and truly strong educational institutions that are significantly looking at AI and turning out technical talent in AI."She added: "Our supreme goal is to see this region, particularly the GCC, end up being an AI superpower.
Our biggest chauffeur right now is purchasing skill, because in the AI race, it's the technical skill that really wins."Concentrating on the beauty of the region for financiers, Christos Mastoras, Creator and Managing Partner of Iliad Partners, stated: "I believe we are very fortunate to onboard the three biggest banks of Greece as LPs [Limited Partners] for investment in the region.
"International development funds are coming in, which shows clear signs of maturity of the environment The capability of the UAE and regional governments to draw in talent; their innovation-first approach, abundance of capital here in addition to inflow internationally are the crucial structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of handle the greatest values, with 250 "largest ticket size" offers recorded in 2025 in the nation.
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