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

In November, a report released by KPMG highlighted Saudi Arabia's development in the innovation sector and said that 84 percent of CEOs in the country are all set to release AI properly, well above the 76 percent international benchmark, supported by the Kingdom's information governance environment, including nationwide efforts led by the Saudi Data and Expert System Authority.

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

Top magnate, policymakers and investors from the GCC and Latin America recently explored how nations from the two areas can grow trade in between each other in Dubai, UAE.More than 500 local and worldwide policymakers, presidents, CEOs, business leaders, financiers, and industry professionals participated in 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 products from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers said. Both regions depend on each other for necessary products.

In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the region's overall sugar imports, it added. Brazil is by far the biggest trading partner for countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for cars and Chile for wood items, stated a declaration.

The forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how companies can take advantage of the changing patterns of worldwide need and what role Dubai can play in helping with the next step in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but internationally too, by acting as a details and research study centre, by supplying organization documentation, offering legal services, helping with networking opportunities through signature organization events and delivering nearly every conceivable organization service, it mentioned.

GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will remain strong however slow a little. Non-oil activity will be supported by population development, brand-new industries, and public financial investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector development will speed up, offsetting in part lower oil rates; financial balances will be mixed, with surpluses in UAE and Qatar, however deficits persist elsewhere.

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SHARJAH (WAM) The GCC and wider 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 bring in funds and skill, stated company leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the very first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging local investment landscape appears appealing.

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Responding to a question on local start-ups' prospects of benefiting from current investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have a lot going for us in the region: the low cost of energy, an extremely progressive government that is ahead in policy, policy and information personal privacy; and really strong academic institutions that are increasingly looking at AI and turning out technical skill in AI."She included: "Our ultimate objective is to see this region, specifically the GCC, end up being an AI superpower.

Our most significant driver today is buying talent, because in the AI race, it's the technical talent that really wins."Concentrating on the beauty of the area for financiers, Christos Mastoras, Founder and Managing Partner of Iliad Partners, stated: "I believe we are very fortunate to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for financial investment in the region.

"International development funds are can be found in, which shows clear signs of maturity of the ecosystem The capability of the UAE and regional federal governments to draw in skill; their innovation-first approach, abundance of capital here as well as inflow internationally are the key structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of handle the highest worths, with 250 "largest ticket size" offers recorded in 2025 in the nation.