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Affirming the growth of AI in the area, a report released by PwC earlier this month stated that the usage of AI among the labor force in the Middle East continues to rise, with 75 percent of employees in the region utilizing it in their tasks over the previous 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's development in the innovation sector and said that 84 percent of CEOs in the nation are ready to release AI responsibly, well above the 76 percent international benchmark, supported by the Kingdom's information governance environment, including nationwide efforts led by the Saudi Data and Expert System Authority.

Policymakers are thinking holistically about how to make the area attractive, including having more pragmatic laws to enable for experimentation and development," said the report.

Leading company leaders, policymakers and investors from the GCC and Latin America recently explored how nations from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, business leaders, investors, and market professionals participated in the very first Global Organization 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 items from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers said. Both areas rely on each other for necessary items.

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. Amongst the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for cars and Chile for wood items, stated a statement.

The forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how businesses can benefit from the changing patterns of worldwide demand and what role Dubai can play in facilitating the next action in company relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however globally too, by acting as an info and research centre, by offering company paperwork, providing legal services, assisting in networking opportunities via signature company events and providing nearly every conceivable company solution, it specified.

GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will stay solid however sluggish somewhat. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector development will accelerate, offsetting in part lower oil rates; financial balances will be combined, with surpluses in UAE and Qatar, but deficits continue somewhere else.

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SHARJAH (WAM) The GCC and larger Middle East area is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies bring in funds and talent, said service leaders at the 9th edition of Sharjah Entrepreneurial Festival (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 agreed that the emerging local investment landscape appears appealing.

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Responding to a concern on local start-ups' potential customers of gaining from current investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have a lot going for us in the area: the low cost of energy, a very progressive federal government that is ahead in policy, regulation and information privacy; and truly strong universities that are progressively taking a look at AI and ending up technical talent in AI."She added: "Our ultimate objective is to see this area, specifically the GCC, end up being an AI superpower.

Our biggest motorist today is investing in talent, due to the fact that in the AI race, it's the technical skill that actually wins."Focusing on the appearance of the region for financiers, Christos Mastoras, Founder and Handling Partner of Iliad Partners, stated: "I believe we are very lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for investment in the area.

"International growth funds are can be found in, which reveals clear indications of maturity of the community The capability of the UAE and local governments to draw in skill; their innovation-first technique, abundance of capital here along with inflow globally are the crucial building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of deals with the highest values, with 250 "largest ticket size" offers tape-recorded in 2025 in the country.