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Verifying the growth of AI in the area, a report launched by PwC previously this month stated that the usage of AI amongst the workforce in the Middle East continues to rise, with 75 percent of staff members in the area using it in their tasks over the previous 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's progress in the innovation sector and stated that 84 percent of CEOs in the nation are all set to deploy AI properly, well above the 76 percent global standard, supported by the Kingdom's data governance community, including nationwide efforts led by the Saudi Data and Expert System Authority.

Policymakers are believing holistically about how to make the area attractive, consisting of having more practical laws to enable experimentation and development," said the report.

Leading company leaders, policymakers and financiers from the GCC and Latin America recently checked out how nations from the two areas can grow trade between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, service leaders, investors, and market professionals went to the very first Global Company 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 products from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers said. Both regions rely on each other for necessary items.

In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it included. Brazil is without a doubt the biggest trading partner for nations 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 cars and Chile for wood items, said a statement.

The online forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how businesses can take advantage of the changing patterns of international need and what role Dubai can play in helping with the next step in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by acting as an info and research study centre, by offering business documentation, providing legal services, facilitating networking opportunities by means of signature organization occasions and providing almost every imaginable company option, it specified.

GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will remain strong but sluggish a little. Non-oil activity will be supported by population development, brand-new industries, and public financial investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector growth will accelerate, balancing out in part lower oil rates; financial balances will be blended, with surpluses in UAE and Qatar, however deficits persist in other places.

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SHARJAH (WAM) The GCC and larger Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies attracting funds and skill, said business leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the very first day of SEF 2026 taking a look at "What Does the Next Year of Endeavor Capital Look Like", speakers concurred that the emerging regional investment landscape appears promising.

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Reacting to a concern on local start-ups' potential customers of gaining from recent financial investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have so much choosing us in the area: the low expense of energy, a really progressive federal government that is ahead in policy, regulation and data personal privacy; and really strong universities that are progressively looking at AI and turning out technical talent in AI."She included: "Our supreme goal is to see this area, specifically the GCC, end up being an AI superpower.

Our biggest chauffeur today is investing in talent, due to the fact that in the AI race, it's the technical skill that really wins."Concentrating on the attractiveness of the area for financiers, Christos Mastoras, Creator and Managing Partner of Iliad Partners, said: "I believe we are extremely fortunate to onboard the 3 largest banks of Greece as LPs [Limited Partners] for financial investment in the area.

"International growth funds are coming in, which shows clear indications of maturity of the ecosystem The ability of the UAE and regional federal governments to draw in skill; their innovation-first method, abundance of capital here as well as inflow internationally are the key foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of deals with the highest values, with 250 "largest ticket size" offers taped in 2025 in the country.