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Verifying the development of AI in the region, a report released by PwC previously this month said that the usage of AI among the workforce in the Middle East continues to rise, with 75 percent of workers in the area using it in their jobs over the previous 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's development in the innovation sector and stated that 84 percent of CEOs in the country are all set to release AI responsibly, well above the 76 percent global criteria, supported by the Kingdom's information governance ecosystem, consisting of nationwide efforts led by the Saudi Data and Expert System Authority.

Policymakers are believing holistically about how to make the area appealing, including having more practical laws to permit experimentation and development," said the report.

Top magnate, policymakers and financiers from the GCC and Latin America just recently explored how nations from the two areas can grow trade between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, magnate, investors, and industry professionals participated in the very first Global Organization Online forum Latin America held at the Atlantis Palm - Dubai.

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In 2015 the GCC made up of the UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia, imported $11 billion worth of items from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers said. Both regions count on each other for essential products.

In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the area's total sugar imports, it included. Brazil is without a doubt the largest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (generally poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, stated a statement.

The online forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how businesses can gain from the changing patterns of international need and what function Dubai can play in assisting in the next step in company relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however globally too, by functioning as a details and research centre, by providing service paperwork, providing legal services, facilitating networking opportunities through signature business occasions and delivering practically every imaginable service service, it stated.

GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay strong but slow somewhat. Non-oil activity will be supported by population development, brand-new markets, and public financial investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector growth will speed up, offsetting in part lower oil prices; fiscal balances will be combined, with surpluses in UAE and Qatar, however deficits persist somewhere else.

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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 government policies drawing in funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Look Like", speakers agreed that the emerging regional investment landscape appears promising.

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Responding to a concern on regional start-ups' prospects of benefiting from current financial investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have so much going for us in the region: the low cost of energy, a very progressive federal government that is ahead in policy, policy and data personal privacy; and truly strong universities that are significantly looking at AI and turning out technical skill in AI."She added: "Our ultimate objective is to see this region, specifically the GCC, become an AI superpower.

Our greatest motorist right now is purchasing skill, due to the fact that in the AI race, it's the technical skill that truly wins."Concentrating on the appearance of the region for financiers, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I think we are very lucky to onboard the three biggest banks of Greece as LPs [Limited Partners] for investment in the region.

"International development funds are being available in, which reveals clear indications of maturity of the environment The ability of the UAE and regional federal governments to bring in skill; their innovation-first approach, abundance of capital here along with inflow worldwide are the crucial building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of handle the greatest worths, with 250 "largest ticket size" deals tape-recorded in 2025 in the nation.