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Verifying the development of AI in the region, a report launched by PwC previously this month stated that the use of AI amongst the labor force in the Middle East continues to increase, with 75 percent of employees in the area utilizing it in their jobs over the past 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's development in the innovation sector and stated that 84 percent of CEOs in the nation are all set to release AI responsibly, well above the 76 percent global criteria, supported by the Kingdom's information governance environment, including national initiatives led by the Saudi Data and Artificial Intelligence Authority.

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

Top business leaders, policymakers and financiers from the GCC and Latin America just recently explored how nations from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, business leaders, investors, and market experts went to the very first Global Organization 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 products from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers said. Both regions count on each other for necessary products.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the area's total sugar imports, it added. Brazil is without a doubt the biggest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, said a declaration.

The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how businesses can take advantage of the altering patterns of global demand and what function Dubai can play in helping with the next step in company relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by acting as a details and research centre, by providing service documents, using legal services, assisting in networking opportunities through signature business events and providing nearly every conceivable organization service, it mentioned.

GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will stay solid however slow somewhat. Non-oil activity will be supported by population development, new markets, and public investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector development will speed up, balancing out in part lower oil prices; fiscal 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 broader 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 attracting funds and skill, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the very first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Appear Like", speakers agreed that the emerging local financial investment landscape appears promising.

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Reacting to a concern on regional startups' potential customers of taking advantage of recent financial investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have so much opting for us in the region: the low expense of energy, a really progressive federal government that is ahead in policy, policy and information personal privacy; and truly strong academic organizations that are progressively looking at AI and turning out technical talent in AI."She added: "Our supreme goal is to see this region, specifically the GCC, end up being an AI superpower.

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"International growth funds are coming in, which reveals clear indications of maturity of the ecosystem The capability of the UAE and local governments to draw in talent; their innovation-first technique, abundance of capital here as well as inflow worldwide are the essential foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of handle the highest worths, with 250 "largest ticket size" offers recorded in 2025 in the nation.