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Verifying the development 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 rise, with 75 percent of workers in the area utilizing it in their tasks 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 nation are ready to deploy AI responsibly, well above the 76 percent international benchmark, supported by the Kingdom's data governance environment, including national initiatives 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 enable for experimentation and growth," stated the report.

Top magnate, policymakers and investors from the GCC and Latin America recently explored how countries from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 local and international policymakers, heads of state, CEOs, company leaders, financiers, and market experts went to the first Global Service 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers said. Both areas depend on each other for essential items.

In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent 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. Among the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for cars and Chile for wood items, said a declaration.

The forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how services can gain from the changing patterns of international demand and what role 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 worldwide too, by functioning as a details and research study centre, by providing business documentation, using legal services, assisting in networking chances by means of signature service occasions and providing practically every conceivable business service, it specified.

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

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SHARJAH (WAM) The GCC and larger Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies drawing in funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging local financial investment landscape appears appealing.

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Responding to a concern on regional start-ups' potential customers of gaining from recent investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have so much choosing us in the region: the low cost of energy, a very progressive government that is ahead in policy, guideline and information personal privacy; and actually strong educational institutions that are progressively looking at AI and ending up technical talent in AI."She added: "Our ultimate goal is to see this area, particularly the GCC, become an AI superpower.

Our most significant driver today is buying talent, since in the AI race, it's the technical skill that really wins."Concentrating on the attractiveness of the region for financiers, Christos Mastoras, Creator and Handling Partner of Iliad Partners, stated: "I believe we are really lucky to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for investment in the area.

"International growth funds are coming in, which shows clear indications of maturity of the community The capability of the UAE and regional federal governments to bring in talent; their innovation-first technique, abundance of capital here in addition to inflow worldwide are the essential foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of handle the greatest worths, with 250 "largest ticket size" offers tape-recorded in 2025 in the nation.