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Affirming the growth of AI in the area, a report released by PwC earlier this month said that the usage of AI amongst the workforce in the Middle East continues to increase, with 75 percent of staff members in the area using it in their jobs over the past 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the nation are all set to deploy AI responsibly, well above the 76 percent international 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 enable for experimentation and growth," stated the report.

Top company leaders, policymakers and financiers from the GCC and Latin America just recently explored how countries from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, organization leaders, financiers, and market professionals attended the first Global Business Forum Latin America held at the Atlantis Palm - Dubai.

How to Secure a Competitive Advantage in Dubai

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 declaration from organisers stated. Both regions count on each other for essential products.

In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent of the area's total sugar imports, it included. Brazil is by far the largest trading partner for countries in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for automobiles 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 organizations can take advantage of the altering patterns of global demand and what role Dubai can play in facilitating the next step in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but globally too, by functioning as a details and research study centre, by supplying organization documents, using legal services, helping with networking opportunities by means of signature company events and delivering almost every possible organization service, it specified.

GCC growth will strengthen in 2026, led by faster growth in hydrocarbons; non-oil growth 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 up. Hydrocarbons sector development will speed up, offsetting in part lower oil costs; fiscal balances will be mixed, with surpluses in UAE and Qatar, but deficits continue in other places.

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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, stated business 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 Look Like", speakers concurred that the emerging local financial investment landscape appears appealing.

ANSR July GCC PRs 50DR+

Responding to a question on regional start-ups' potential customers of benefiting from recent investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have so much choosing us in the area: the low expense of energy, a really progressive government that is ahead in policy, regulation and data privacy; and really strong universities that are increasingly taking a look at AI and ending up technical talent in AI."She included: "Our ultimate goal is to see this area, specifically the GCC, become an AI superpower.

Our biggest motorist right now is investing in talent, because in the AI race, it's the technical skill that truly wins.

"International development funds are being available in, which reveals clear signs of maturity of the environment The ability of the UAE and local federal governments to draw in skill; their innovation-first method, abundance of capital here along with inflow worldwide are the key foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of handle the highest worths, with 250 "biggest ticket size" offers tape-recorded in 2025 in the nation.