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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 region utilizing it in their tasks over the previous 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 nation are ready to deploy AI properly, well above the 76 percent international standard, supported by the Kingdom's data governance ecosystem, consisting of nationwide efforts led by the Saudi Data and Expert System Authority.

Policymakers are thinking holistically about how to make the region appealing, including having more practical laws to permit experimentation and growth," said the report.

Top company leaders, policymakers and financiers from the GCC and Latin America recently checked out how nations from the two regions can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, heads of state, CEOs, magnate, investors, and industry professionals participated in the first Global Organization 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 region were $5.6 billion, a statement from organisers said. Both regions depend on each other for vital products.

In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the region'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 depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for vehicles and Chile for wood products, said a declaration.

The forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how companies can benefit from the altering patterns of international demand and what role Dubai can play in helping with the next action in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but internationally too, by acting as a details and research study centre, by providing business documentation, offering legal services, assisting in networking opportunities through signature business events and delivering almost every imaginable business solution, it specified.

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

Predicting the Next Middle East Business Environment

SHARJAH (WAM) The GCC and larger Middle East area is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies attracting funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the first day of SEF 2026 examining "What Does the Next Year of Equity Capital Look Like", speakers concurred that the emerging local financial investment landscape appears appealing.

ANSR July GCC PRs 50DR+

Reacting to a concern on regional start-ups' potential customers of taking advantage of recent investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have so much going for us in the region: the low expense of energy, an extremely progressive federal government that is ahead in policy, policy and data personal privacy; and truly strong universities that are significantly looking at AI and turning out technical talent in AI."She added: "Our ultimate objective is to see this area, particularly the GCC, end up being an AI superpower.

Our greatest motorist right now is buying talent, since in the AI race, it's the technical skill that truly wins."Concentrating on the beauty of the area for investors, Christos Mastoras, Creator and Handling Partner of Iliad Partners, stated: "I think 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 shows clear signs of maturity of the environment The capability of the UAE and regional governments to attract skill; their innovation-first approach, abundance of capital here along with inflow internationally are the key building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of handle the greatest values, with 250 "largest ticket size" deals recorded in 2025 in the country.