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Verifying the development of AI in the area, a report released by PwC previously this month said that the use of AI among the labor force in the Middle East continues to increase, with 75 percent of employees in the area utilizing it in their tasks 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 release AI properly, well above the 76 percent worldwide standard, supported by the Kingdom's information governance environment, including nationwide initiatives led by the Saudi Data and Expert System Authority.

Policymakers are believing holistically about how to make the region appealing, including having more practical laws to permit experimentation and growth," stated the report.

Top company leaders, policymakers and investors from the GCC and Latin America just recently checked out how nations from the two areas can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, business leaders, financiers, and industry experts attended the first Global Organization 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 area were $5.6 billion, a statement from organisers said. Both areas depend on each other for necessary items.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the area's total 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 relies on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, said a statement.

The forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how services can benefit from the changing patterns of worldwide demand and what role Dubai can play in helping with the next action in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by functioning as a details and research centre, by supplying service documents, using legal services, assisting in networking chances through signature company occasions and providing nearly every conceivable organization solution, it stated.

GCC development will enhance in 2026, led by faster growth in hydrocarbons; non-oil development will remain solid but slow a little. Non-oil activity will be supported by population development, brand-new markets, and public investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector growth will accelerate, offsetting in part lower oil rates; fiscal balances will be mixed, with surpluses in UAE and Qatar, but deficits continue in other places.

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SHARJAH (WAM) The GCC and broader 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 drawing in funds and skill, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the very first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Look Like", speakers concurred that the emerging local investment landscape appears promising.

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Reacting to a question on regional startups' potential customers of taking advantage of recent investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have so much opting for us in the area: the low cost of energy, an extremely progressive federal government that is ahead in policy, policy and data personal privacy; and really strong universities that are increasingly looking at AI and ending up technical skill in AI."She added: "Our supreme goal is to see this region, particularly the GCC, end up being an AI superpower.

Our biggest motorist today is buying skill, due to the fact that in the AI race, it's the technical talent that actually wins."Concentrating on the beauty of the area for investors, Christos Mastoras, Creator and Managing Partner of Iliad Partners, said: "I think we are really lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for investment in the region.

"International growth funds are can be found in, which shows clear signs of maturity of the community The ability of the UAE and local federal governments to attract skill; their innovation-first method, abundance of capital here along with inflow worldwide are the crucial structure blocks."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 "biggest ticket size" deals tape-recorded in 2025 in the nation.