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Verifying the development of AI in the area, a report released by PwC earlier this month said that the usage of AI amongst the workforce in the Middle East continues to rise, with 75 percent of employees in the region using it in their jobs over the past 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's progress in the technology sector and stated that 84 percent of CEOs in the nation are all set to release AI properly, well above the 76 percent international criteria, supported by the Kingdom's information governance community, consisting of nationwide initiatives led by the Saudi Data and Expert System Authority.

Policymakers are thinking holistically about how to make the area attractive, including having more practical laws to permit for experimentation and growth," stated the report.

Top magnate, policymakers and financiers from the GCC and Latin America just recently explored how nations from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, presidents, CEOs, business leaders, investors, and industry specialists attended the very first Global Service 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 region were $5.6 billion, a declaration from organisers stated. Both areas depend on each other for necessary items.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it added. Brazil is without a doubt the largest trading partner for countries in the region, followed by Argentina and Mexico. Among 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 declaration.

The forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how services can gain from the altering patterns of global need and what role Dubai can play in helping with the next step in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but internationally too, by functioning as an info and research centre, by providing business documentation, providing legal services, facilitating networking chances via signature organization events and delivering nearly every possible business option, it specified.

GCC development will strengthen in 2026, led by faster growth in hydrocarbons; non-oil growth will stay strong but slow slightly. Non-oil activity will be supported by population development, brand-new industries, and public investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector development will accelerate, balancing out in part lower oil prices; financial balances will be blended, with surpluses in UAE and Qatar, but deficits continue in other places.

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SHARJAH (WAM) The GCC and wider Middle East area is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies attracting funds and talent, said company leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 examining "What Does the Next Year of Endeavor Capital Appear Like", speakers agreed that the emerging local investment landscape appears promising.

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Responding to a question on regional startups' prospects of gaining from recent financial investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have a lot choosing us in the area: the low cost of energy, a very progressive government that is ahead in policy, regulation and data privacy; and actually strong instructional institutions that are increasingly looking at AI and turning out technical skill in AI."She included: "Our ultimate goal is to see this area, particularly the GCC, become an AI superpower.

Our biggest chauffeur right now is buying skill, because in the AI race, it's the technical skill that really wins."Focusing on the appearance of the region for investors, Christos Mastoras, Creator and Managing Partner of Iliad Partners, said: "I believe we are really fortunate to onboard the three largest banks of Greece as LPs [Limited Partners] for investment in the region.

"International growth funds are being available in, which reveals clear indications of maturity of the environment The capability of the UAE and local federal governments to draw in skill; their innovation-first method, abundance of capital here as well as inflow internationally are the essential structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of handle the greatest values, with 250 "biggest ticket size" deals tape-recorded in 2025 in the nation.