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Affirming the growth of AI in the area, a report launched by PwC previously this month said that the usage of AI among the labor force in the Middle East continues to increase, with 75 percent of employees in the region using it in their tasks over the past 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 nation are ready to release AI responsibly, well above the 76 percent worldwide benchmark, supported by the Kingdom's data governance community, consisting of national initiatives led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are thinking holistically about how to make the region attractive, including having more pragmatic laws to permit for experimentation and growth," said the report.

Leading magnate, policymakers and investors from the GCC and Latin America just recently checked out how countries from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 local and worldwide policymakers, presidents, CEOs, magnate, investors, and industry professionals attended the very first Global Company 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 stated. Both regions rely on each other for essential products.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the area's total 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 (primarily poultry), Argentina for cereals, Mexico for vehicles and Chile for wood products, said a declaration.

The forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how businesses can take advantage of the altering patterns of worldwide need and what function Dubai can play in helping with the next action in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but worldwide too, by serving as an information and research centre, by offering company documents, offering legal services, helping with networking opportunities through signature organization events and providing nearly every possible company solution, it specified.

GCC growth will enhance in 2026, led by faster growth in hydrocarbons; non-oil growth will remain strong however sluggish somewhat. Non-oil activity will be supported by population development, new industries, and public financial investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector development will speed up, balancing out in part lower oil prices; financial balances will be mixed, with surpluses in UAE and Qatar, however deficits persist elsewhere.

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SHARJAH (WAM) The GCC and larger Middle East region 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 company leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Appear Like", speakers agreed that the emerging local financial investment landscape appears promising.

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Reacting to a concern on local startups' prospects of gaining from current investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have so much choosing us in the region: the low expense of energy, an extremely progressive government that is ahead in policy, policy and information privacy; and actually strong academic organizations that are significantly looking at AI and turning out technical skill in AI."She included: "Our supreme goal is to see this region, specifically the GCC, become an AI superpower.

Our biggest chauffeur right now is investing in talent, due to the fact that in the AI race, it's the technical skill that really wins."Focusing on the attractiveness of the region for financiers, Christos Mastoras, Founder and Handling Partner of Iliad Partners, said: "I think we are really lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for financial investment in the region.

"International growth funds are coming in, which reveals clear signs of maturity of the ecosystem The capability of the UAE and local federal governments to draw in talent; their innovation-first technique, abundance of capital here along with inflow globally are the essential foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of handle the highest worths, with 250 "largest ticket size" deals tape-recorded in 2025 in the nation.