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Affirming the development of AI in the area, a report released by PwC previously this month stated that the usage of AI among the workforce in the Middle East continues to rise, with 75 percent of staff members in the area utilizing it in their tasks over the previous 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's development in the innovation sector and said that 84 percent of CEOs in the nation are ready to deploy AI properly, well above the 76 percent global criteria, supported by the Kingdom's information 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 attractive, including having more pragmatic laws to permit experimentation and growth," stated the report.

Top magnate, policymakers and investors from the GCC and Latin America recently checked out how countries from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, business leaders, investors, and industry specialists went to the first Global Company Online 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 goods from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers stated. Both areas depend on each other for vital products.

In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the area's total sugar imports, it included. Brazil is by far the largest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for cars and Chile for wood items, stated a declaration.

The forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how businesses can benefit from the changing patterns of international need and what function 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 but worldwide too, by serving as a details and research centre, by providing business paperwork, using legal services, helping with networking opportunities via signature organization events and providing practically every conceivable business option, it mentioned.

GCC development will reinforce in 2026, led by faster growth in hydrocarbons; non-oil development will remain solid however slow slightly. Non-oil activity will be supported by population development, new markets, and public investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector growth will speed up, offsetting in part lower oil costs; financial balances will be combined, 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, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 examining "What Does the Next Year of Venture Capital Look Like", speakers concurred that the emerging local financial investment landscape appears promising.

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Responding to a concern on regional startups' prospects of gaining from recent financial investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have so much choosing us in the area: the low cost of energy, an extremely progressive government that is ahead in policy, regulation and data personal privacy; and truly strong universities that are increasingly taking a look at AI and turning out technical talent in AI."She included: "Our ultimate goal is to see this area, particularly the GCC, become an AI superpower.

Our most significant driver right now is investing in skill, since in the AI race, it's the technical talent that really wins.

"International growth funds are coming in, which reveals clear signs of maturity of the ecosystem The ability of the UAE and local governments to bring in skill; their innovation-first method, abundance of capital here in addition to inflow globally are the crucial foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of deals with the greatest values, with 250 "biggest ticket size" deals tape-recorded in 2025 in the country.