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Affirming the development of AI in the region, a report released by PwC earlier this month said that the use of AI amongst the workforce in the Middle East continues to increase, with 75 percent of staff members in the area using 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 prepared to deploy AI properly, well above the 76 percent global standard, supported by the Kingdom's data governance environment, consisting of national initiatives led by the Saudi Data and Expert System Authority.

Policymakers are thinking holistically about how to make the region appealing, including having more practical laws to enable for experimentation and development," said the report.

Top magnate, policymakers and financiers from the GCC and Latin America just recently explored how countries from the two regions can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, business leaders, investors, and market experts participated in the very first Global Business 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 items from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers said. Both areas depend on each other for important items.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the region's overall sugar imports, it added. Brazil is without a doubt the largest trading partner for countries 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 cars and Chile for wood items, said a declaration.

The forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how services can take advantage of the changing patterns of global need and what role Dubai can play in assisting in 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 functioning as an information and research study centre, by supplying business documentation, offering legal services, facilitating networking chances by means of signature business events and providing nearly every conceivable business option, it mentioned.

GCC growth will strengthen in 2026, led by faster growth in hydrocarbons; non-oil growth will stay strong but sluggish somewhat. Non-oil activity will be supported by population development, new markets, and public financial investment; inflation will stay soft, while financial policy will loosen up. 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 persist 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 government policies attracting funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 analyzing "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 concern on local startups' prospects of benefiting from current financial investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have a lot opting for us in the area: the low expense of energy, a really 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 talent in AI."She added: "Our supreme objective is to see this region, particularly the GCC, end up being an AI superpower.

Our greatest chauffeur today is buying skill, because in the AI race, it's the technical skill that really wins."Focusing on the appearance of the area for financiers, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I think we are really fortunate to onboard the three biggest banks of Greece as LPs [Limited Partners] for investment in the region.

"International development funds are can be found in, which shows clear signs of maturity of the ecosystem The ability of the UAE and regional federal governments to bring in talent; their innovation-first technique, abundance of capital here in addition to inflow worldwide are the crucial foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of deals with the greatest values, with 250 "largest ticket size" offers tape-recorded in 2025 in the country.