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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 amongst the labor force in the Middle East continues to increase, with 75 percent of staff members in the area using it in their tasks over the previous 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's development in the technology sector and said that 84 percent of CEOs in the country are ready to release AI properly, well above the 76 percent worldwide criteria, supported by the Kingdom's information governance ecosystem, consisting of nationwide initiatives led by the Saudi Data and Expert System Authority.

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

Top magnate, policymakers and financiers from the GCC and Latin America just recently explored how nations from the two areas can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, heads of state, CEOs, company leaders, investors, and market experts attended the first Global Business 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 products from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers stated. Both regions rely on each other for essential products.

In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it added. Brazil is by far the largest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, said a statement.

The online forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how companies can gain from the changing patterns of global need and what role Dubai can play in facilitating the next action in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by serving as an information and research centre, by providing organization paperwork, using legal services, helping with networking chances via signature organization events and providing almost every conceivable organization service, it stated.

GCC development will enhance in 2026, led by faster growth in hydrocarbons; non-oil development will stay strong but slow somewhat. Non-oil activity will be supported by population development, brand-new markets, and public financial investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector growth will accelerate, balancing out in part lower oil rates; financial balances will be blended, with surpluses in UAE and Qatar, however deficits continue elsewhere.

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SHARJAH (WAM) The GCC and wider 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 drawing in funds and talent, said service leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Appear Like", speakers agreed that the emerging regional investment landscape appears promising.

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Reacting to a concern on regional start-ups' prospects of taking advantage of current investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have a lot choosing us in the region: the low cost of energy, a very progressive government that is ahead in policy, guideline and data privacy; and really strong universities that are increasingly taking a look at AI and ending up technical skill in AI."She included: "Our supreme objective is to see this region, particularly the GCC, become an AI superpower.

Our greatest motorist right now is investing in talent, due to the fact that in the AI race, it's the technical talent that really wins.

"International development funds are being available in, which shows clear indications of maturity of the ecosystem The capability of the UAE and local governments to bring in talent; their innovation-first technique, abundance of capital here in addition to inflow worldwide are the key structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of handle the highest worths, with 250 "largest ticket size" deals tape-recorded in 2025 in the country.