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Affirming the growth of AI in the region, a report launched 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 employees in the region using 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 said that 84 percent of CEOs in the country are all set to deploy AI responsibly, well above the 76 percent worldwide benchmark, supported by the Kingdom's information governance environment, consisting of national initiatives led by the Saudi Data and Expert System Authority.

Policymakers are believing holistically about how to make the area attractive, including having more practical laws to permit for experimentation and development," stated the report.

Leading business leaders, policymakers and investors from the GCC and Latin America recently checked out how countries from the two regions can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, magnate, financiers, and industry professionals attended the very 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 goods from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both areas depend on each other for essential products.

In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 per cent of the area's total sugar imports, it included. Brazil is without a doubt the biggest 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 items, said a statement.

The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how services can gain from the altering patterns of global need and what function Dubai can play in helping with the next step in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by acting as a details and research centre, by supplying business documentation, offering legal services, helping with networking opportunities through signature business occasions and delivering nearly every possible company solution, it stated.

GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain solid but slow 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. Hydrocarbons sector growth will speed up, offsetting in part lower oil prices; fiscal balances will be blended, with surpluses in UAE and Qatar, but deficits continue 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 federal government policies drawing in funds and skill, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Look Like", speakers concurred that the emerging local investment landscape appears promising.

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Reacting to a concern on local start-ups' prospects of benefiting from current investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have so much choosing us in the area: the low cost of energy, a very progressive federal government that is ahead in policy, policy and data personal privacy; and truly strong academic organizations that are progressively taking a look at AI and turning out technical skill in AI."She included: "Our ultimate goal is to see this area, particularly the GCC, become an AI superpower.

Our greatest chauffeur right now is buying skill, due to the fact that in the AI race, it's the technical skill that truly wins."Concentrating on the beauty of the region for investors, Christos Mastoras, Creator and Managing Partner of Iliad Partners, stated: "I believe we are very fortunate to onboard the 3 largest banks of Greece as LPs [Limited Partners] for financial investment in the region.

"International development funds are coming in, which reveals clear signs of maturity of the ecosystem The capability of the UAE and regional governments to bring in talent; their innovation-first method, abundance of capital here along with inflow worldwide are the crucial building blocks."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 tape-recorded in 2025 in the nation.