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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 increase, with 75 percent of workers in the region utilizing 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 stated that 84 percent of CEOs in the country are all set to deploy AI properly, well above the 76 percent worldwide benchmark, supported by the Kingdom's information governance community, consisting of nationwide initiatives led by the Saudi Data and Expert System Authority.

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

Top service leaders, policymakers and investors from the GCC and Latin America just recently checked out how countries from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, service leaders, financiers, and industry experts participated in the first Global Business 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 products from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers said. Both areas count on each other for essential items.

In 2015 Latin America supplied nearly 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 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 cars and Chile for wood products, stated a statement.

The forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how companies can gain from the changing patterns of worldwide demand and what role Dubai can play in facilitating the next step in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but internationally too, by acting as an info and research study centre, by providing organization documents, offering legal services, helping with networking opportunities through signature company occasions and providing almost every possible service service, it mentioned.

GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will stay strong however sluggish slightly. Non-oil activity will be supported by population development, brand-new markets, and public financial 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 mixed, with surpluses in UAE and Qatar, but deficits continue elsewhere.

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

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Reacting to a question on regional startups' prospects of benefiting from recent investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have so much choosing us in the area: the low cost of energy, a very progressive federal government that is ahead in policy, guideline and information privacy; and actually strong instructional institutions that are progressively looking at AI and turning out technical talent in AI."She included: "Our supreme objective is to see this area, specifically the GCC, become an AI superpower.

Our biggest chauffeur right now is buying talent, due to the fact that in the AI race, it's the technical skill that truly wins."Concentrating on the appearance of the area for investors, Christos Mastoras, Creator and Managing Partner of Iliad Partners, said: "I believe we are really lucky to onboard the three biggest banks of Greece as LPs [Limited Partners] for financial investment in the region.

"International development funds are can be found in, which shows clear indications of maturity of the community The ability of the UAE and local governments to attract skill; their innovation-first method, 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 region, Saudi Arabia is leading the variety of deals with the greatest values, with 250 "biggest ticket size" deals taped in 2025 in the country.