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Affirming the development of AI in the region, a report released by PwC earlier this month said that the usage of AI among the labor force in the Middle East continues to rise, with 75 percent of workers in the region using it in their tasks over the past 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the nation are prepared to release AI responsibly, well above the 76 percent international standard, supported by the Kingdom's data governance community, including national initiatives led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are thinking holistically about how to make the region appealing, consisting of having more pragmatic laws to permit experimentation and growth," stated the report.

Leading company leaders, policymakers and investors from the GCC and Latin America recently checked out how countries from the two areas can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, presidents, CEOs, business leaders, investors, and industry specialists participated in the very first Global Business 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 area were $5.6 billion, a declaration from organisers stated. Both areas rely on each other for necessary items.

In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent of the area's total sugar imports, it added. Brazil is by far the largest trading partner for countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, stated a declaration.

The forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how companies can take advantage of the altering patterns of global need and what role Dubai can play in assisting in the next action in company relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however worldwide too, by functioning as a details and research study centre, by supplying business documentation, providing legal services, assisting in networking chances via signature service events and delivering practically every imaginable business option, it mentioned.

GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will remain solid but slow slightly. Non-oil activity will be supported by population development, brand-new markets, and public investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector development will speed up, balancing out in part lower oil rates; financial balances will be blended, with surpluses in UAE and Qatar, but deficits persist in other places.

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SHARJAH (WAM) The GCC and broader Middle East area 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 talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 taking a look at "What Does the Next Year of Endeavor Capital Appear Like", speakers agreed that the emerging regional financial investment landscape appears promising.

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Responding to a concern on regional start-ups' potential customers of taking advantage of current investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have a lot going for us in the region: the low cost of energy, a very progressive government that is ahead in policy, guideline and information personal privacy; and truly strong universities that are progressively looking at AI and ending up technical talent in AI."She added: "Our supreme goal is to see this region, specifically the GCC, end up being an AI superpower.

Our most significant driver right now is investing in skill, due to the fact that in the AI race, it's the technical skill that really wins.

"International development funds are coming in, which shows clear signs of maturity of the ecosystem The capability of the UAE and local federal governments to bring in talent; their innovation-first approach, abundance of capital here in addition to inflow internationally are the essential structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of deals with the greatest values, with 250 "largest ticket size" offers tape-recorded in 2025 in the country.