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

In November, a report released by KPMG highlighted Saudi Arabia's development in the innovation sector and stated that 84 percent of CEOs in the nation are all set to deploy AI responsibly, well above the 76 percent international criteria, supported by the Kingdom's information governance environment, consisting of nationwide initiatives led by the Saudi Data and Expert System Authority.

Policymakers are believing holistically about how to make the area attractive, consisting of having more pragmatic laws to permit experimentation and growth," said the report.

Leading 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 worldwide policymakers, presidents, CEOs, business leaders, investors, and industry experts participated in the very first Global Business Online forum Latin America held at the Atlantis Palm - Dubai.

Navigating the Next Middle East Business Environment

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 said. Both areas rely on each other for vital products.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the area's total sugar imports, it added. Brazil is by far the largest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for vehicles and Chile for wood products, stated a statement.

The forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how organizations can benefit from the altering patterns of global need and what function Dubai can play in facilitating the next step in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but internationally too, by acting as a details and research centre, by providing business documents, providing legal services, helping with networking opportunities via signature business occasions and providing practically every possible company option, it stated.

GCC development will enhance in 2026, led by faster growth in hydrocarbons; non-oil development will stay solid but slow slightly. Non-oil activity will be supported by population growth, new industries, and public financial investment; inflation will remain soft, while monetary policy will loosen up. Hydrocarbons sector growth will speed up, balancing out in part lower oil costs; fiscal balances will be mixed, with surpluses in UAE and Qatar, however deficits continue 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 attracting funds and talent, stated business leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Venture Capital Look Like", speakers agreed that the emerging local financial investment landscape appears promising.

ANSR July GCC PRs 50DR+

Reacting to a concern on local start-ups' prospects of benefiting from current financial investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have a lot going for us in the area: the low cost of energy, a really progressive government that is ahead in policy, policy and information personal privacy; and really strong academic institutions that are progressively taking a look at AI and turning out technical talent in AI."She included: "Our supreme goal is to see this area, particularly the GCC, become an AI superpower.

Our most significant chauffeur right now is investing in skill, due to the fact that in the AI race, it's the technical talent that really wins."Focusing on the attractiveness of the area for investors, Christos Mastoras, Creator and Managing Partner of Iliad Partners, stated: "I think we are really lucky to onboard the three biggest banks of Greece as LPs [Limited Partners] for investment in the area.

"International development funds are being available in, which shows clear indications of maturity of the environment The ability of the UAE and local governments to bring in skill; their innovation-first technique, abundance of capital here as well as inflow internationally are the crucial foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of handle the greatest worths, with 250 "largest ticket size" deals taped in 2025 in the country.