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Affirming the development of AI in the region, a report launched by PwC previously this month stated that the usage of AI among the workforce in the Middle East continues to rise, with 75 percent of workers in the region using it in their jobs over the past 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's development in the innovation sector and said that 84 percent of CEOs in the nation are all set to release AI properly, well above the 76 percent worldwide standard, supported by the Kingdom's information governance ecosystem, including nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are believing holistically about how to make the area appealing, including having more practical laws to enable experimentation and growth," said the report.

Leading magnate, policymakers and financiers from the GCC and Latin America recently explored how countries from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 local and worldwide policymakers, heads of state, CEOs, magnate, financiers, and industry professionals participated in the first Global Service Online 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 stated. Both areas rely on each other for important items.

In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the area's total sugar imports, it included. Brazil is by far 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 lorries and Chile for wood items, said a declaration.

The forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how services can gain from the altering patterns of worldwide demand and what role Dubai can play in facilitating the next action in organization relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but globally too, by functioning as an info and research centre, by offering business documentation, offering legal services, facilitating networking opportunities by means of signature business occasions and providing nearly every conceivable organization service, it mentioned.

GCC growth will strengthen in 2026, led by faster growth in hydrocarbons; non-oil growth will stay strong but sluggish 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 accelerate, offsetting in part lower oil costs; financial balances will be mixed, with surpluses in UAE and Qatar, however deficits persist somewhere else.

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SHARJAH (WAM) The GCC and larger Middle East area is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies bring in funds and skill, said magnate 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 Equity Capital Look Like", speakers agreed that the emerging regional financial investment landscape appears appealing.

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Reacting to a question on regional startups' prospects of taking advantage of recent investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have a lot choosing us in the area: the low cost of energy, an extremely progressive government that is ahead in policy, policy and information privacy; and truly strong academic institutions that are significantly looking at AI and turning out technical skill in AI."She added: "Our ultimate goal is to see this region, particularly the GCC, become an AI superpower.

Our greatest motorist today is purchasing talent, since in the AI race, it's the technical skill that actually wins."Focusing on the beauty of the region for investors, Christos Mastoras, Creator and Handling Partner of Iliad Partners, stated: "I think we are really lucky to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for investment in the region.

"International growth funds are being available in, which shows clear signs of maturity of the environment The capability of the UAE and local federal governments to attract talent; their innovation-first technique, abundance of capital here as well as inflow internationally are the essential foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the number of deals with the highest worths, with 250 "largest ticket size" deals taped in 2025 in the nation.