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Affirming the development of AI in the region, a report released by PwC earlier this month said that the use of AI among the workforce in the Middle East continues to rise, with 75 percent of workers in the area 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 said that 84 percent of CEOs in the country are ready to release AI responsibly, well above the 76 percent worldwide criteria, supported by the Kingdom's data governance community, including nationwide initiatives led by the Saudi Data and Expert System Authority.

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

Top company leaders, policymakers and financiers from the GCC and Latin America just recently explored how countries from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 regional and global policymakers, presidents, CEOs, magnate, financiers, and market specialists went to the very first Global Organization Forum Latin America held at the Atlantis Palm - Dubai.

Will Strategic Analytics Define Middle East Industrial Growth?

In 2015 the GCC made up 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 declaration from organisers said. Both regions rely on each other for vital items.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent 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. Among the Latin American states, the GCC depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for cars and Chile for wood items, stated a declaration.

The online forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how services can gain from the altering patterns of worldwide need and what role Dubai can play in helping with the next action in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but globally too, by serving as an info and research study centre, by supplying organization paperwork, offering legal services, facilitating networking chances via signature organization occasions and providing practically every imaginable business option, it mentioned.

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

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SHARJAH (WAM) The GCC and broader Middle East region is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies bring in funds and skill, 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 taking a look at "What Does the Next Year of Endeavor Capital Appear Like", speakers concurred that the emerging local investment landscape appears promising.

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Reacting to a question on regional start-ups' prospects of benefiting from current investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have so much opting for us in the area: the low cost of energy, a really progressive federal government that is ahead in policy, policy and data personal privacy; and really strong universities that are progressively looking at AI and turning out technical talent in AI."She added: "Our ultimate goal is to see this area, particularly the GCC, become an AI superpower.

Our greatest chauffeur right now is investing in talent, because in the AI race, it's the technical talent that really wins."Focusing on the attractiveness of the area for financiers, Christos Mastoras, Creator and Handling Partner of Iliad Partners, said: "I believe we are really fortunate to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for financial investment in the area.

"International growth funds are being available in, which reveals clear signs of maturity of the environment The capability of the UAE and regional federal governments to bring in skill; their innovation-first technique, abundance of capital here along with inflow internationally are the essential building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of handle the greatest values, with 250 "largest ticket size" deals tape-recorded in 2025 in the nation.