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Affirming the development of AI in the area, a report launched by PwC earlier this month said that the use of AI among the labor force in the Middle East continues to increase, with 75 percent of staff members in the area utilizing it in their tasks over the previous 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the country are ready to deploy AI properly, well above the 76 percent international benchmark, supported by the Kingdom's data governance environment, consisting of nationwide efforts led by the Saudi Data and Expert System Authority.

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

Leading business leaders, policymakers and investors from the GCC and Latin America just recently checked out how nations from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, heads of state, CEOs, magnate, financiers, and market specialists participated in the first Global Service Online forum Latin America held at the Atlantis Palm - Dubai.

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In 2015 the GCC made up 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 area were $5.6 billion, a statement from organisers said. Both areas 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. Amongst the Latin American states, the GCC depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, said a declaration.

The online forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how organizations can gain from the altering patterns of worldwide demand and what function Dubai can play in helping with the next action in company relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however globally too, by acting as an info and research centre, by offering company documentation, providing legal services, helping with networking chances through signature company occasions and providing nearly every imaginable service option, it specified.

GCC development will reinforce 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 stay soft, while financial policy will loosen up. Hydrocarbons sector growth will accelerate, balancing out in part lower oil rates; fiscal balances will be blended, with surpluses in UAE and Qatar, however deficits continue somewhere else.

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SHARJAH (WAM) The GCC and larger 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 drawing in funds and talent, said company leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Look Like", speakers concurred that the emerging regional investment landscape appears promising.

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Reacting to a question on regional startups' potential customers of benefiting from current investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have so much choosing us in the region: the low cost of energy, an extremely progressive government that is ahead in policy, regulation and information personal privacy; and truly strong universities that are increasingly looking at AI and ending up technical talent in AI."She added: "Our ultimate goal is to see this region, particularly the GCC, end up being an AI superpower.

Our biggest motorist today is purchasing skill, due to the fact that in the AI race, it's the technical talent that really wins."Focusing on the beauty of the area for investors, Christos Mastoras, Founder and Handling Partner of Iliad Partners, said: "I believe we are very fortunate to onboard the three biggest banks of Greece as LPs [Limited Partners] for investment in the region.

"International growth funds are can be found in, which reveals clear indications of maturity of the community The ability of the UAE and local federal governments to bring in skill; their innovation-first method, abundance of capital here as well as inflow globally are the essential structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of offers with the highest values, with 250 "largest ticket size" offers taped in 2025 in the country.