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Verifying the development of AI in the region, a report released by PwC earlier this month said that the usage of AI among the workforce in the Middle East continues to rise, with 75 percent of workers in the area utilizing it in their tasks 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 nation are prepared to release AI properly, well above the 76 percent worldwide standard, supported by the Kingdom's information governance ecosystem, including nationwide efforts led by the Saudi Data and Expert System Authority.

Policymakers are believing holistically about how to make the area appealing, consisting of having more pragmatic laws to enable experimentation and growth," stated the report.

Leading magnate, policymakers and financiers from the GCC and Latin America recently checked out how nations from the two regions can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, organization leaders, financiers, and market professionals went to the first Global Organization 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 statement from organisers said. Both regions rely on each other for essential items.

In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the area's overall 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 depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, said a declaration.

The online forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how services can take advantage of the altering patterns of global need and what role Dubai can play in assisting in the next step in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but globally too, by acting as an information and research centre, by supplying business documents, offering legal services, helping with networking chances via signature business events and providing nearly every conceivable company solution, it specified.

GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain solid but sluggish slightly. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector development will accelerate, balancing out in part lower oil rates; fiscal balances will be mixed, with surpluses in UAE and Qatar, however deficits continue somewhere else.

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

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Reacting to a question on local startups' prospects of taking advantage of recent investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have a lot choosing us in the area: the low cost of energy, a very progressive federal government that is ahead in policy, guideline and data privacy; and truly strong educational organizations that are increasingly taking a look at AI and ending up technical talent in AI."She added: "Our supreme objective is to see this region, specifically the GCC, end up being an AI superpower.

Our greatest driver today is buying talent, 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 Managing Partner of Iliad Partners, said: "I believe we are very lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the area.

"International growth funds are coming in, which reveals clear signs of maturity of the environment The ability of the UAE and regional governments to attract skill; their innovation-first method, abundance of capital here in addition to 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 number of handle the highest values, with 250 "biggest ticket size" deals taped in 2025 in the country.