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Affirming the development of AI in the area, a report released by PwC earlier this month said that the usage of AI amongst the labor force in the Middle East continues to increase, 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 development in the technology sector and said that 84 percent of CEOs in the nation are prepared to deploy AI responsibly, well above the 76 percent international criteria, supported by the Kingdom's information governance community, including national initiatives led by the Saudi Data and Artificial Intelligence Authority.

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

Top service leaders, policymakers and financiers from the GCC and Latin America just recently explored how countries from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, company leaders, financiers, and market experts went to the very first Global Company 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 region were $5.6 billion, a declaration from organisers said. Both areas rely on each other for important products.

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 by far the biggest trading partner for countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for vehicles and Chile for wood products, said a statement.

The forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how services can gain from the changing patterns of international demand and what function Dubai can play in helping with the next action in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by serving as an information and research centre, by providing company paperwork, providing legal services, helping with networking opportunities by means of signature organization occasions and delivering almost every conceivable company solution, it specified.

GCC development will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will remain solid but slow slightly. Non-oil activity will be supported by population development, brand-new industries, and public investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector development will speed up, offsetting in part lower oil prices; 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 wider Middle East region 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, said business leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Appear Like", speakers agreed that the emerging local investment landscape appears appealing.

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Reacting to a question on local startups' prospects of benefiting from recent investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have a lot going for us in the region: the low expense of energy, a very progressive government that is ahead in policy, guideline and information personal privacy; and actually strong universities that are significantly taking a look at AI and turning out technical skill in AI."She added: "Our ultimate objective is to see this region, particularly the GCC, end up being an AI superpower.

Our biggest chauffeur today is purchasing skill, since in the AI race, it's the technical talent that truly wins."Concentrating on the beauty of the region for financiers, Christos Mastoras, Founder and Handling Partner of Iliad Partners, said: "I believe we are extremely lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the area.

"International growth funds are being available in, which reveals clear signs of maturity of the environment The ability of the UAE and local governments to bring in skill; their innovation-first technique, abundance of capital here along with inflow worldwide are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of offers with the greatest worths, with 250 "biggest ticket size" deals tape-recorded in 2025 in the nation.