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Affirming the growth of AI in the region, a report released 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 staff members in the region utilizing it in their tasks over the previous 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the country are prepared to deploy AI responsibly, well above the 76 percent global benchmark, supported by the Kingdom's data governance environment, consisting of nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are believing holistically about how to make the area appealing, consisting of having more practical laws to enable experimentation and growth," said the report.

Top magnate, policymakers and investors from the GCC and Latin America recently explored how countries 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 very first Global Business Online 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 stated. Both regions depend on each other for vital products.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it included. Brazil is without a doubt the largest trading partner for nations in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, stated a statement.

The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how companies can gain from the altering patterns of global demand and what role Dubai can play in assisting in the next step in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by serving as an information and research centre, by offering organization paperwork, using legal services, facilitating networking opportunities via signature service occasions and providing nearly every conceivable service option, it specified.

GCC development will reinforce in 2026, led by faster growth in hydrocarbons; non-oil development will remain solid however slow somewhat. Non-oil activity will be supported by population growth, new markets, and public financial investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector development will accelerate, offsetting in part lower oil prices; financial balances will be mixed, with surpluses in UAE and Qatar, however deficits persist somewhere else.

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SHARJAH (WAM) The GCC and wider Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies bring in funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 taking a look at "What Does the Next Year of Endeavor Capital Appear Like", speakers concurred that the emerging regional investment landscape appears promising.

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Reacting to a question on local startups' prospects of benefiting from recent financial investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have so much opting for us in the area: the low cost of energy, a very progressive government that is ahead in policy, policy and data privacy; and really strong academic institutions that are progressively looking at AI and ending up technical skill in AI."She included: "Our supreme goal is to see this area, specifically the GCC, end up being an AI superpower.

Our most significant driver right now is investing in talent, due to the fact that in the AI race, it's the technical skill that truly wins.

"International growth funds are being available in, which shows clear indications of maturity of the community The ability of the UAE and regional governments to attract skill; their innovation-first approach, abundance of capital here in addition to inflow worldwide are the crucial foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of offers with the highest worths, with 250 "biggest ticket size" deals taped in 2025 in the country.