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Verifying the development of AI in the region, a report launched by PwC previously this month stated that the usage of AI amongst the labor force in the Middle East continues to increase, with 75 percent of workers in the region using 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 stated that 84 percent of CEOs in the nation are prepared to deploy AI responsibly, well above the 76 percent worldwide standard, supported by the Kingdom's information governance community, including national efforts led by the Saudi Data and Expert System Authority.

Policymakers are thinking holistically about how to make the area attractive, including having more practical laws to allow for experimentation and development," said the report.

Top organization leaders, policymakers and financiers from the GCC and Latin America just recently checked out how countries from the two regions can grow trade in between each other in Dubai, UAE.More than 500 local and worldwide policymakers, heads of state, CEOs, magnate, financiers, and market specialists went to the first Global Service 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 goods from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers stated. Both areas depend on each other for essential products.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it added. 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 relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for vehicles and Chile for wood products, said a statement.

The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how companies can benefit from the altering patterns of worldwide demand and what role Dubai can play in facilitating the next step in company relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but worldwide too, by serving as an info and research study centre, by providing business documentation, using legal services, assisting in networking opportunities via signature business events and providing practically every imaginable organization solution, it specified.

GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will stay solid however slow slightly. Non-oil activity will be supported by population growth, new industries, and public investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector development will accelerate, balancing out in part lower oil costs; fiscal balances will be combined, with surpluses in UAE and Qatar, however deficits persist in other places.

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

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Reacting to a question on regional startups' potential customers of gaining from recent investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have a lot going for us in the area: the low cost of energy, a very progressive federal government that is ahead in policy, regulation and information privacy; and really strong academic institutions that are progressively looking at AI and turning out technical talent in AI."She included: "Our ultimate goal is to see this area, specifically the GCC, become an AI superpower.

Our most significant chauffeur today is purchasing skill, since in the AI race, it's the technical skill that actually wins."Concentrating on the attractiveness of the region for investors, Christos Mastoras, Founder and Handling Partner of Iliad Partners, said: "I believe we are very lucky to onboard the three biggest banks of Greece as LPs [Limited Partners] for investment in the region.

"International development funds are being available in, which reveals clear signs of maturity of the ecosystem The ability of the UAE and local federal governments to draw in skill; their innovation-first technique, abundance of capital here as well as inflow internationally are the essential foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of deals with the greatest worths, with 250 "largest ticket size" deals taped in 2025 in the country.