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Verifying the development of AI in the area, a report launched 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 staff members in the area utilizing it in their jobs over the previous 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the country are ready to release AI responsibly, well above the 76 percent worldwide benchmark, supported by the Kingdom's data governance environment, including national efforts led by the Saudi Data and Expert System Authority.

Policymakers are believing holistically about how to make the region attractive, consisting of having more pragmatic laws to permit for experimentation and development," said the report.

Leading magnate, policymakers and financiers from the GCC and Latin America recently checked out how countries from the two regions can grow trade between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, magnate, investors, and industry specialists participated in the very first Global Organization 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 declaration from organisers said. Both areas rely on each other for essential products.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it included. Brazil is by far the biggest 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 lorries and Chile for wood products, said a declaration.

The forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how services can gain from the changing patterns of worldwide need and what function Dubai can play in facilitating the next step in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however globally too, by functioning as a details and research centre, by offering company documents, providing legal services, assisting in networking chances by means of signature company occasions and delivering nearly every possible organization service, it specified.

GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil development will remain solid however sluggish a little. Non-oil activity will be supported by population growth, brand-new industries, and public financial investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector growth will accelerate, balancing out in part lower oil rates; fiscal balances will be mixed, with surpluses in UAE and Qatar, however deficits continue somewhere else.

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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 company leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging regional financial investment landscape appears promising.

ANSR July GCC PRs 50DR+

Reacting to a question on local start-ups' potential customers of benefiting from current investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have a lot opting for us in the area: the low expense of energy, an extremely progressive government that is ahead in policy, policy and data personal privacy; and really strong universities that are increasingly taking a look at AI and ending up technical skill in AI."She added: "Our supreme goal is to see this area, particularly the GCC, become an AI superpower.

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

"International development funds are coming in, which reveals clear signs of maturity of the community The ability of the UAE and local federal governments to attract skill; their innovation-first approach, abundance of capital here as well as inflow globally are the key structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of deals with the highest values, with 250 "largest ticket size" deals taped in 2025 in the country.