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Verifying the growth of AI in the area, a report released by PwC previously this month said that the use of AI among the labor force in the Middle East continues to rise, with 75 percent of workers in the region utilizing it in their tasks over the past 12 months.

In November, a report released 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 release AI properly, well above the 76 percent global criteria, supported by the Kingdom's data governance environment, consisting of nationwide initiatives led by the Saudi Data and Expert System Authority.

Policymakers are believing holistically about how to make the area attractive, consisting of having more pragmatic laws to permit experimentation and development," said the report.

Top business leaders, policymakers and financiers from the GCC and Latin America recently explored how countries from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, company leaders, financiers, and industry professionals participated in the first Global Business 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 region were $5.6 billion, a statement from organisers stated. Both areas depend on each other for essential products.

In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the area's total sugar imports, it added. Brazil is by far the biggest trading partner for nations in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, stated a declaration.

The online forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how services can take advantage of the changing patterns of international need and what role Dubai can play in facilitating the next step in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however worldwide too, by acting as an info and research centre, by offering business paperwork, offering legal services, assisting in networking opportunities by means of signature company occasions and delivering nearly every conceivable company service, it stated.

GCC development will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay strong but sluggish slightly. Non-oil activity will be supported by population development, brand-new industries, and public financial investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector growth will accelerate, offsetting in part lower oil prices; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits continue elsewhere.

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SHARJAH (WAM) The GCC and larger 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 bring in funds and skill, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the first day of SEF 2026 examining "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging regional financial investment landscape appears appealing.

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Reacting to a question on regional start-ups' potential customers of gaining from current investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have a lot opting for us in the area: the low cost of energy, a very progressive federal government that is ahead in policy, regulation and data privacy; and actually strong instructional institutions that are progressively looking at AI and ending up technical talent in AI."She added: "Our ultimate goal is to see this region, particularly the GCC, become an AI superpower.

Our greatest chauffeur right now is investing in skill, due to the fact that in the AI race, it's the technical talent that really wins."Focusing on the attractiveness of the area for investors, Christos Mastoras, Creator and Handling Partner of Iliad Partners, stated: "I think we are extremely lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the area.

"International development funds are coming in, which shows clear signs 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 along with inflow worldwide are the crucial foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the number of deals with the greatest worths, with 250 "largest ticket size" deals recorded in 2025 in the nation.