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Affirming the development of AI in the area, a report launched by PwC earlier this month stated 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 tasks over the past 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the country are prepared to deploy AI responsibly, well above the 76 percent international standard, supported by the Kingdom's information governance environment, including nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.

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

Top magnate, policymakers and financiers from the GCC and Latin America recently checked out how countries from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 local and global policymakers, presidents, CEOs, magnate, financiers, and market specialists attended the very first Global Service 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 goods from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers stated. Both regions rely on each other for necessary items.

In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it included. Brazil is without a doubt the largest trading partner for countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, stated a declaration.

The forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how services can take advantage of the changing patterns of worldwide demand and what role Dubai can play in assisting in the next action in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but internationally too, by serving as an info and research study centre, by providing organization documents, providing legal services, helping with networking chances via signature company events and delivering nearly every conceivable organization solution, it mentioned.

GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will remain solid however slow somewhat. Non-oil activity will be supported by population growth, new industries, and public financial investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector development will speed up, offsetting in part lower oil rates; fiscal balances will be blended, with surpluses in UAE and Qatar, but deficits continue somewhere else.

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SHARJAH (WAM) The GCC and broader Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies bring in funds and skill, said company leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Endeavor Capital Look Like", speakers concurred that the emerging local financial investment landscape appears promising.

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Reacting to a question on local start-ups' prospects of benefiting from recent investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have a lot going for us in the area: the low cost of energy, an extremely progressive federal government that is ahead in policy, guideline and data personal privacy; and really strong educational institutions that are significantly taking a look at AI and ending up technical skill in AI."She included: "Our ultimate goal is to see this region, specifically the GCC, end up being an AI superpower.

Our biggest driver right now is investing in talent, because in the AI race, it's the technical skill that truly wins."Focusing on the attractiveness of the region for financiers, Christos Mastoras, Creator and Handling Partner of Iliad Partners, said: "I believe we are extremely lucky to onboard the three biggest banks of Greece as LPs [Limited Partners] for investment in the region.

"International development funds are can be found in, which shows clear indications of maturity of the ecosystem The capability of the UAE and regional federal governments to attract talent; their innovation-first technique, abundance of capital here along with inflow globally are the key building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of deals with the greatest values, with 250 "largest ticket size" offers recorded in 2025 in the nation.