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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 among the labor force in the Middle East continues to increase, with 75 percent of employees in the region using it in their jobs over the previous 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and said that 84 percent of CEOs in the nation are ready to release AI properly, well above the 76 percent global standard, supported by the Kingdom's data governance environment, consisting of nationwide initiatives led by the Saudi Data and Expert System Authority.

Policymakers are believing holistically about how to make the region attractive, consisting of having more pragmatic laws to allow for experimentation and development," said the report.

Leading magnate, policymakers and investors 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 global policymakers, presidents, CEOs, magnate, financiers, and market professionals attended the very first Global Organization 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers said. Both regions rely on each other for important products.

In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the area's total sugar imports, it included. Brazil is by far the largest trading partner for countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for vehicles and Chile for wood products, stated a statement.

The forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how businesses can take advantage of the changing patterns of international demand and what role Dubai can play in facilitating the next action in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however worldwide too, by serving as an info and research study centre, by offering business paperwork, using legal services, assisting in networking chances by means of signature company events and delivering practically every imaginable organization option, it specified.

GCC development will strengthen in 2026, led by faster growth in hydrocarbons; non-oil development will stay solid however slow slightly. 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 up. Hydrocarbons sector growth will speed up, balancing out in part lower oil rates; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits persist somewhere else.

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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 federal government policies bring in funds and talent, stated business leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Venture Capital Look Like", speakers agreed that the emerging local investment landscape appears promising.

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Reacting to a question on regional startups' potential customers of gaining from recent financial investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have a lot going for us in the region: the low cost of energy, a really progressive government that is ahead in policy, regulation and information personal privacy; and truly strong universities that are significantly taking a look at AI and turning out technical talent in AI."She included: "Our supreme objective is to see this area, particularly the GCC, become 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 can be found in, which shows clear signs of maturity of the environment The capability of the UAE and regional federal governments to attract talent; their innovation-first method, abundance of capital here as well as inflow internationally are the essential foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of offers with the greatest values, with 250 "largest ticket size" deals recorded in 2025 in the country.