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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 increase, with 75 percent of workers in the region using it in their tasks over the past 12 months.

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

Policymakers are believing holistically about how to make the region attractive, consisting of having more practical laws to permit experimentation and growth," stated the report.

Leading magnate, policymakers and financiers from the GCC and Latin America just recently explored how countries from the two areas can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, magnate, investors, and market professionals went to the first Global Organization 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 area were $5.6 billion, a statement from organisers said. Both regions depend on each other for essential items.

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 added. Brazil is without a doubt the biggest trading partner for countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, stated a statement.

The forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how services can benefit from the altering patterns of international demand and what function Dubai can play in helping with the next step in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however worldwide too, by serving as an info and research study centre, by supplying company documentation, offering legal services, facilitating networking opportunities through signature business occasions and providing practically every possible company option, it specified.

GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay solid however sluggish slightly. Non-oil activity will be supported by population development, brand-new markets, and public financial investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector growth will accelerate, balancing out in part lower oil rates; fiscal balances will be blended, with surpluses in UAE and Qatar, but deficits continue elsewhere.

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SHARJAH (WAM) The GCC and wider Middle East area is poised for the next wave of 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 Celebration (SEF 2026). During a panel discussion on the first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Appear Like", speakers concurred that the emerging regional financial investment landscape appears appealing.

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Reacting to a concern on local start-ups' potential customers of gaining from recent investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have a lot choosing us in the region: the low cost of energy, an extremely progressive federal government that is ahead in policy, policy and data privacy; and truly strong universities that are significantly looking at AI and ending up technical talent in AI."She added: "Our supreme objective is to see this area, particularly the GCC, become an AI superpower.

Our biggest motorist right now is investing in skill, since in the AI race, it's the technical talent that really wins."Concentrating on the beauty of the area for financiers, Christos Mastoras, Creator and Handling Partner of Iliad Partners, stated: "I believe we are very fortunate to onboard the three largest banks of Greece as LPs [Limited Partners] for financial investment in the area.

"International growth funds are coming in, which reveals clear indications of maturity of the environment The ability of the UAE and local governments to attract skill; their innovation-first method, abundance of capital here along with inflow globally are the key building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of handle the greatest worths, with 250 "biggest ticket size" offers tape-recorded in 2025 in the nation.