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Verifying the growth of AI in the region, a report launched 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 employees in the area utilizing it in their jobs over the past 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's progress in the technology sector and stated that 84 percent of CEOs in the nation are all set to release AI properly, well above the 76 percent worldwide criteria, supported by the Kingdom's data governance community, including nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.

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

Leading business leaders, policymakers and financiers from the GCC and Latin America recently checked out how nations from the two areas can grow trade in between each other in Dubai, UAE.More than 500 local and international policymakers, heads of state, CEOs, company leaders, investors, and industry professionals participated in the first Global Service 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 products from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers said. Both regions depend on each other for necessary products.

In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the area's total sugar imports, it added. Brazil is by far the largest trading partner for countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, said a declaration.

The online forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how organizations can gain from the altering patterns of global demand and what function Dubai can play in helping with the next step in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but worldwide too, by acting as a details and research study centre, by offering service documentation, using legal services, assisting in networking opportunities via signature service occasions and delivering almost every conceivable company solution, it mentioned.

GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay strong however slow slightly. Non-oil activity will be supported by population growth, new industries, and public financial investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector growth will accelerate, balancing out in part lower oil costs; financial balances will be combined, with surpluses in UAE and Qatar, but deficits persist elsewhere.

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SHARJAH (WAM) The GCC and larger Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies attracting funds and skill, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the first day of SEF 2026 examining "What Does the Next Year of Equity Capital Look Like", speakers agreed that the emerging regional investment landscape appears promising.

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Reacting to a concern on regional start-ups' prospects of gaining from current financial investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have so much opting for us in the region: the low expense of energy, a really progressive federal government that is ahead in policy, regulation and data personal privacy; and actually strong academic organizations that are increasingly taking a look at AI and turning out technical skill in AI."She included: "Our supreme goal is to see this region, specifically the GCC, become an AI superpower.

Our greatest driver today 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, said: "I think we are extremely lucky to onboard the three biggest banks of Greece as LPs [Limited Partners] for investment in the area.

"International development funds are can be found in, which reveals clear indications of maturity of the ecosystem The ability of the UAE and local federal governments to attract talent; their innovation-first technique, abundance of capital here along with inflow worldwide are the key foundation."Paula Tavangar, Chief 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 taped in 2025 in the country.