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Affirming the development of AI in the area, a report released by PwC previously this month said that the usage of AI amongst the workforce in the Middle East continues to increase, with 75 percent of employees in the area 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 stated that 84 percent of CEOs in the nation are prepared to release AI properly, well above the 76 percent global benchmark, supported by the Kingdom's data governance environment, including nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are believing holistically about how to make the region appealing, including having more pragmatic laws to allow for experimentation and development," said the report.

Leading magnate, policymakers and investors from the GCC and Latin America recently explored how nations from the two regions can grow trade between each other in Dubai, UAE.More than 500 local and worldwide policymakers, presidents, CEOs, service leaders, investors, and market specialists participated in the first Global Company 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 region were $5.6 billion, a statement from organisers said. Both areas rely on each other for important items.

In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the area's total sugar imports, it included. Brazil is by far the biggest trading partner for countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, said a declaration.

The forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how businesses can gain from the changing patterns of worldwide need and what role Dubai can play in helping with the next action in organization relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by serving as an info and research centre, by supplying company documentation, offering legal services, helping with networking opportunities by means of signature organization occasions and providing almost every possible service solution, it stated.

GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will remain solid but slow somewhat. 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 development will accelerate, balancing out in part lower oil rates; financial balances will be blended, with surpluses in UAE and Qatar, but deficits persist elsewhere.

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SHARJAH (WAM) The GCC and wider Middle East area 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 talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the very first day of SEF 2026 examining "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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Responding to a question on regional startups' potential customers of taking advantage of recent 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, an extremely progressive federal government that is ahead in policy, policy and information personal privacy; and really strong universities that are significantly taking a look at AI and turning out technical skill in AI."She included: "Our ultimate objective is to see this region, particularly the GCC, end up being an AI superpower.

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

"International development funds are being available in, which reveals clear indications of maturity of the environment The ability of the UAE and regional federal governments to attract skill; their innovation-first technique, abundance of capital here in addition to inflow globally are the crucial structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of handle the greatest worths, with 250 "biggest ticket size" deals recorded in 2025 in the country.