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Verifying the development of AI in the region, a report released by PwC earlier this month stated that the use of AI amongst the workforce in the Middle East continues to increase, with 75 percent of workers 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 said that 84 percent of CEOs in the country are ready to deploy AI responsibly, well above the 76 percent global criteria, supported by the Kingdom's data governance ecosystem, including nationwide efforts led by the Saudi Data and Expert System Authority.

Policymakers are thinking holistically about how to make the region attractive, consisting of having more practical laws to permit experimentation and growth," stated the report.

Leading magnate, policymakers and financiers from the GCC and Latin America just recently explored how nations from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, business leaders, investors, 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 area were $5.6 billion, a declaration from organisers stated. Both areas depend on each other for essential items.

In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it added. 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 counts on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, stated a statement.

The forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how organizations can gain from the changing patterns of international need and what role Dubai can play in helping with the next action in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but internationally too, by functioning as a details and research study centre, by offering business documents, offering legal services, assisting in networking chances by means of signature organization occasions and providing almost every imaginable service solution, it stated.

GCC development will strengthen in 2026, led by faster growth in hydrocarbons; non-oil growth will remain strong but sluggish slightly. Non-oil activity will be supported by population growth, new markets, and public financial investment; inflation will remain soft, while monetary policy will loosen up. Hydrocarbons sector development will speed up, balancing out in part lower oil prices; financial balances will be mixed, with surpluses in UAE and Qatar, however deficits continue elsewhere.

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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 talent, said service leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion 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 financial investment landscape appears appealing.

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Reacting to a concern on regional startups' potential customers of gaining from current financial investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have a lot choosing us in the region: the low cost of energy, a really progressive government that is ahead in policy, guideline and information privacy; and really strong universities that are progressively taking a look at AI and turning out technical talent in AI."She added: "Our supreme objective is to see this area, particularly the GCC, end up being an AI superpower.

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"International development funds are coming in, which reveals clear signs of maturity of the ecosystem The ability 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 region, Saudi Arabia is leading the number of deals with the highest worths, with 250 "largest ticket size" deals recorded in 2025 in the nation.