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

In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the country are ready to deploy AI responsibly, well above the 76 percent global criteria, supported by the Kingdom's data governance community, including nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are believing holistically about how to make the area attractive, including having more practical laws to enable experimentation and growth," said the report.

Leading organization leaders, policymakers and investors from the GCC and Latin America just recently explored how countries from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, organization leaders, investors, and industry professionals went to the first Global Company 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 items from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers stated. Both regions count on each other for vital items.

In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent of the area's total sugar imports, it included. Brazil is by far the biggest trading partner for countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, stated a statement.

The online forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how companies can benefit from the altering patterns of global demand and what role 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 internationally too, by functioning as an info and research study centre, by offering service documentation, providing legal services, helping with networking opportunities via signature company occasions and delivering practically every imaginable company solution, it mentioned.

GCC development will strengthen in 2026, led by faster growth in hydrocarbons; non-oil growth will remain solid however sluggish a little. Non-oil activity will be supported by population growth, new markets, and public financial investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector development will speed up, offsetting in part lower oil rates; financial balances will be blended, with surpluses in UAE and Qatar, but deficits continue elsewhere.

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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, said company 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 Venture Capital Look Like", speakers agreed that the emerging regional investment landscape appears promising.

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Responding to a concern on local start-ups' prospects of taking advantage of current financial investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have a lot opting for us in the area: the low cost of energy, a very progressive government that is ahead in policy, policy and data privacy; and actually strong educational institutions that are progressively looking at AI and ending up technical skill in AI."She added: "Our supreme goal is to see this area, specifically the GCC, become an AI superpower.

Our biggest chauffeur right now is purchasing talent, since in the AI race, it's the technical skill that really wins."Concentrating on the appearance of the region for financiers, Christos Mastoras, Creator and Handling Partner of Iliad Partners, stated: "I think we are extremely fortunate to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for financial investment in the region.

"International development funds are being available in, which reveals clear indications of maturity of the ecosystem The ability of the UAE and local governments to draw in talent; their innovation-first method, abundance of capital here in addition to inflow worldwide are the key building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of handle the highest values, with 250 "biggest ticket size" offers recorded in 2025 in the country.