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Verifying the growth of AI in the region, a report released by PwC earlier this month stated that the usage of AI among the workforce in the Middle East continues to increase, with 75 percent of employees in the area 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 all set to release AI properly, well above the 76 percent global criteria, supported by the Kingdom's data governance community, including nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are believing holistically about how to make the area appealing, including having more pragmatic laws to permit experimentation and growth," said the report.

Leading magnate, policymakers and financiers from the GCC and Latin America recently explored how countries 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, company leaders, financiers, and market specialists attended the first Global Company 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers said. Both regions count on each other for important products.

In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the region'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 relies on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, said a declaration.

The forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how companies can take advantage of the altering patterns of worldwide demand and what role Dubai can play in helping with the next action in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but internationally too, by functioning as a details and research study centre, by supplying service documents, using legal services, assisting in networking opportunities via signature company events and providing nearly every possible organization service, it mentioned.

GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil development will remain solid however sluggish a little. Non-oil activity will be supported by population development, brand-new industries, and public investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector development will accelerate, balancing out in part lower oil costs; fiscal balances will be blended, with surpluses in UAE and Qatar, but deficits continue elsewhere.

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SHARJAH (WAM) The GCC and wider 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 attracting funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Look Like", speakers concurred that the emerging regional financial investment landscape appears promising.

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Reacting to a concern on local start-ups' potential customers of taking advantage of recent investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have a lot going for us in the region: the low cost of energy, an extremely progressive government that is ahead in policy, policy and data personal privacy; and truly strong instructional organizations that are significantly taking a look at AI and ending up technical skill in AI."She added: "Our supreme objective is to see this region, particularly the GCC, end up being an AI superpower.

Our biggest driver today is buying talent, since in the AI race, it's the technical talent that truly wins."Concentrating on the beauty of the area for investors, Christos Mastoras, Creator and Managing Partner of Iliad Partners, stated: "I think we are really fortunate to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the region.

"International development funds are coming in, which shows clear signs of maturity of the environment The capability of the UAE and regional federal governments to bring in skill; their innovation-first approach, abundance of capital here along with inflow globally are the essential building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of deals with the greatest worths, with 250 "biggest ticket size" deals recorded in 2025 in the nation.