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Affirming the growth of AI in the area, a report launched by PwC previously this month said that the use of AI among the labor force 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 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 properly, well above the 76 percent global benchmark, supported by the Kingdom's information governance community, consisting of national initiatives 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," stated the report.

Leading organization leaders, policymakers and financiers from the GCC and Latin America just recently checked out how nations from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 local and worldwide policymakers, heads of state, CEOs, magnate, financiers, and industry experts attended the very first Global Business 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 products from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers said. Both regions depend on each other for vital items.

In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the area's total sugar imports, it added. Brazil is without a doubt the biggest trading partner for nations in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, said a statement.

The 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 international need and what function Dubai can play in helping with the next action in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but globally too, by serving as an information and research centre, by supplying company documentation, providing legal services, facilitating networking chances by means of signature company occasions and delivering nearly every conceivable organization service, it mentioned.

GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil development will remain solid but slow somewhat. Non-oil activity will be supported by population development, new industries, and public investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector development will speed up, balancing out in part lower oil costs; fiscal balances will be mixed, with surpluses in UAE and Qatar, however deficits persist elsewhere.

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SHARJAH (WAM) The GCC and larger Middle East area 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 skill, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Endeavor Capital Look Like", speakers agreed that the emerging regional investment landscape appears appealing.

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Reacting to a question on local start-ups' prospects of taking advantage of recent financial investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have so much choosing us in the area: the low expense of energy, a very progressive federal government that is ahead in policy, guideline and data privacy; and actually strong academic organizations that are progressively taking a look at AI and turning out technical skill in AI."She included: "Our ultimate goal is to see this area, specifically the GCC, become an AI superpower.

Our most significant chauffeur today is buying skill, because in the AI race, it's the technical talent that actually wins."Focusing on the attractiveness of the area for financiers, Christos Mastoras, Founder and Managing Partner of Iliad Partners, stated: "I think we are extremely fortunate to onboard the three biggest banks of Greece as LPs [Limited Partners] for financial investment in the region.

"International growth funds are can be found in, which shows clear signs of maturity of the ecosystem The ability of the UAE and local federal governments to attract skill; their innovation-first method, abundance of capital here in addition to inflow internationally are the essential building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of handle the greatest worths, with 250 "largest ticket size" deals tape-recorded in 2025 in the country.