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Verifying the growth of AI in the area, a report released by PwC previously this month stated that the use of AI amongst the workforce in the Middle East continues to increase, with 75 percent of workers in the region utilizing it in their tasks over the past 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's development in the technology sector and said that 84 percent of CEOs in the nation are all set to release AI properly, well above the 76 percent global benchmark, supported by the Kingdom's data governance community, consisting of nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are believing holistically about how to make the region appealing, consisting of having more pragmatic laws to enable experimentation and development," stated the report.

Leading business leaders, policymakers and financiers from the GCC and Latin America recently checked out how countries from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 local and worldwide policymakers, presidents, CEOs, service leaders, investors, and industry experts went to the 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 area were $5.6 billion, a statement from organisers said. Both areas rely on each other for important items.

In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it added. Brazil is without a doubt the largest trading partner for countries 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, said a declaration.

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 altering patterns of global demand and what function Dubai can play in facilitating the next action in organization relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by functioning as an info and research centre, by offering service paperwork, offering legal services, facilitating networking chances by means of signature business occasions and delivering practically every possible service option, it mentioned.

GCC development will strengthen in 2026, led by faster growth in hydrocarbons; non-oil growth will remain solid but slow somewhat. Non-oil activity will be supported by population growth, new industries, and public financial investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector growth will accelerate, balancing out in part lower oil costs; financial balances will be combined, with surpluses in UAE and Qatar, but deficits continue somewhere else.

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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 attracting funds and skill, said business leaders 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 Venture Capital Look Like", speakers concurred that the emerging local financial investment landscape appears appealing.

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Reacting to a question on regional start-ups' potential customers of benefiting from recent investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have so much opting for us in the region: the low expense of energy, an extremely progressive government that is ahead in policy, regulation and information personal privacy; and actually strong universities that are significantly taking a look at AI and turning out technical talent in AI."She added: "Our ultimate goal is to see this area, particularly the GCC, end up being an AI superpower.

Our greatest motorist today is buying talent, since in the AI race, it's the technical talent that truly wins."Focusing on the beauty of the area for financiers, Christos Mastoras, Creator and Managing Partner of Iliad Partners, said: "I think we are really lucky to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for investment in the area.

"International development funds are can be found in, which reveals clear signs of maturity of the community The capability of the UAE and local governments to bring in skill; their innovation-first technique, abundance of capital here as well as inflow worldwide are the key foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of deals with the highest values, with 250 "largest ticket size" offers tape-recorded in 2025 in the country.