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Affirming the growth of AI in the area, a report released by PwC earlier this month stated that the usage of AI among the labor force in the Middle East continues to rise, with 75 percent of employees in the region 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 nation are ready to deploy AI responsibly, well above the 76 percent worldwide criteria, supported by the Kingdom's data governance environment, consisting of nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are thinking holistically about how to make the area attractive, consisting of having more practical laws to permit experimentation and development," stated the report.

Leading organization leaders, policymakers and investors from the GCC and Latin America just recently explored how countries from the two areas can grow trade between each other in Dubai, UAE.More than 500 local and worldwide policymakers, presidents, CEOs, magnate, financiers, and market specialists went to the first Global Organization Online forum Latin America held at the Atlantis Palm - Dubai.

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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 statement from organisers said. Both regions depend on each other for important items.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the region's total 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 vehicles and Chile for wood items, stated a declaration.

The online forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how companies can gain from the altering patterns of global need and what function Dubai can play in assisting in the next step in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but internationally too, by acting as an information and research study centre, by providing company documents, offering legal services, helping with networking chances through signature service events and providing almost every imaginable business option, it mentioned.

GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will remain strong however sluggish slightly. Non-oil activity will be supported by population development, new markets, and public financial investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector development will accelerate, balancing out in part lower oil costs; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits persist in other places.

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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 bring in funds and skill, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 examining "What Does the Next Year of Venture Capital Look Like", speakers agreed that the emerging regional investment landscape appears promising.

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Responding to a question on local startups' potential customers of taking advantage of current investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have a lot choosing us in the region: the low cost of energy, an extremely progressive federal government that is ahead in policy, policy and information privacy; and really strong universities that are progressively looking at AI and turning out technical skill in AI."She included: "Our ultimate objective is to see this region, specifically the GCC, end up being an AI superpower.

Our greatest driver right now is investing in skill, because in the AI race, it's the technical skill that truly wins."Focusing on the attractiveness of the region for financiers, Christos Mastoras, Creator and Managing Partner of Iliad Partners, stated: "I think we are very lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the area.

"International development funds are coming in, which shows clear indications of maturity of the ecosystem The capability of the UAE and local governments to draw in talent; their innovation-first method, abundance of capital here along with inflow internationally are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the number of deals with the greatest values, with 250 "largest ticket size" offers recorded in 2025 in the country.