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Verifying the development of AI in the region, a report released by PwC earlier this month said that the use of AI among the labor force in the Middle East continues to rise, with 75 percent of employees in the area using it in their tasks over the previous 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's progress in the innovation sector and stated that 84 percent of CEOs in the country are ready to release AI responsibly, well above the 76 percent global benchmark, supported by the Kingdom's information governance environment, including national initiatives led by the Saudi Data and Expert System Authority.

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

Leading magnate, policymakers and financiers from the GCC and Latin America just recently explored how countries from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, company leaders, financiers, and market experts participated in the 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 goods from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers said. Both areas count on each other for essential items.

In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it included. Brazil is without a doubt the biggest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for vehicles and Chile for wood products, said a declaration.

The online forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how services can take advantage of the altering patterns of worldwide demand and what role Dubai can play in facilitating the next action in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however worldwide too, by acting as an info and research centre, by providing company documents, using legal services, assisting in networking chances by means of signature business occasions and delivering practically every possible business option, it specified.

GCC development will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will stay solid but sluggish slightly. Non-oil activity will be supported by population development, new markets, and public investment; inflation will remain soft, while monetary policy will loosen up. Hydrocarbons sector growth will accelerate, offsetting in part lower oil prices; financial balances will be combined, with surpluses in UAE and Qatar, but deficits continue in other places.

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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 drawing in funds and skill, stated business leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the very first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Look Like", speakers agreed that the emerging local financial investment landscape appears appealing.

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Reacting to a question on regional start-ups' potential customers of taking advantage of recent investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have so much opting for us in the region: the low cost of energy, an extremely progressive government that is ahead in policy, guideline and information personal privacy; and truly strong educational institutions that are increasingly taking a look at AI and ending up technical skill in AI."She included: "Our ultimate goal is to see this area, particularly the GCC, end up being an AI superpower.

Our most significant driver right now is buying talent, because in the AI race, it's the technical skill that really wins."Focusing on the beauty of the region for investors, Christos Mastoras, Creator and Managing Partner of Iliad Partners, said: "I think we are very lucky to onboard the three biggest banks of Greece as LPs [Limited Partners] for investment in the area.

"International growth funds are being available in, which reveals clear indications of maturity of the ecosystem The capability of the UAE and regional federal governments to bring in talent; their innovation-first method, abundance of capital here along with inflow worldwide are the crucial foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of offers with the highest values, with 250 "largest ticket size" offers tape-recorded in 2025 in the country.