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Affirming the growth of AI in the area, a report released by PwC previously this month stated that the use of AI amongst the labor force in the Middle East continues to rise, with 75 percent of employees in the region using it in their jobs over the past 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the country are prepared to deploy AI responsibly, well above the 76 percent global criteria, supported by the Kingdom's information governance ecosystem, including national initiatives led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are thinking holistically about how to make the area appealing, including having more practical laws to enable for experimentation and development," stated the report.

Leading magnate, policymakers and investors from the GCC and Latin America just recently checked out how countries from the two areas can grow trade in between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, magnate, financiers, and industry experts attended the first Global Company 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 items from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers said. Both areas depend on each other for essential products.

In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the region's overall sugar imports, it added. Brazil is without a doubt the biggest trading partner for countries in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for cars and Chile for wood items, stated a declaration.

The forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how businesses can benefit from the altering patterns of worldwide demand and what function Dubai can play in facilitating the next action in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but internationally too, by functioning as an information and research study centre, by supplying company paperwork, offering legal services, helping with networking opportunities by means of signature organization occasions and providing almost every imaginable service solution, it mentioned.

GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will stay solid however slow a little. Non-oil activity will be supported by population development, new industries, and public investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector growth will accelerate, offsetting in part lower oil costs; fiscal 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 investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies attracting funds and talent, said business leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 examining "What Does the Next Year of Venture Capital Look Like", speakers concurred that the emerging regional financial investment landscape appears promising.

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Reacting to a concern on local start-ups' potential customers of taking advantage of recent investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have a lot opting for us in the region: the low cost of energy, a very progressive federal government that is ahead in policy, policy and information privacy; and actually strong instructional institutions that are significantly looking at AI and turning out technical talent in AI."She added: "Our supreme goal is to see this area, particularly the GCC, end up being an AI superpower.

Our most significant driver right now is purchasing skill, since in the AI race, it's the technical skill that actually wins."Concentrating on the appearance of the region for financiers, Christos Mastoras, Creator and Handling Partner of Iliad Partners, said: "I think we are really lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the area.

"International growth funds are can be found in, which shows clear indications of maturity of the community The capability of the UAE and local governments to draw in talent; their innovation-first approach, abundance of capital here along with inflow globally are the essential structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of handle the greatest worths, with 250 "biggest ticket size" offers taped in 2025 in the nation.