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Affirming the growth of AI in the area, a report released by PwC previously 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 using it in their tasks over the past 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the nation are prepared to deploy AI responsibly, well above the 76 percent global standard, supported by the Kingdom's data governance environment, consisting of nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are thinking holistically about how to make the region appealing, including having more practical laws to enable experimentation and development," said the report.

Leading organization 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 regional and worldwide policymakers, heads of state, CEOs, company leaders, investors, and industry specialists attended the very first Global Service 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 products from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers said. Both areas count on each other for vital items.

In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it added. Brazil is by far the largest trading partner for nations 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 cars and Chile for wood products, stated a statement.

The forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how businesses can benefit from the altering patterns of global demand and what function Dubai can play in facilitating the next action in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by functioning as a details and research centre, by supplying company documents, offering legal services, facilitating networking chances by means of signature organization occasions and providing almost every imaginable service service, it mentioned.

GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will remain strong however sluggish somewhat. Non-oil activity will be supported by population growth, brand-new industries, and public financial investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector growth will speed up, balancing out in part lower oil prices; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits persist elsewhere.

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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 drawing in 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 analyzing "What Does the Next Year of Venture Capital Look Like", speakers agreed that the emerging regional investment landscape appears promising.

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Reacting to a question on regional startups' potential customers of taking advantage of current investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have so much opting for us in the area: the low expense of energy, an extremely progressive government that is ahead in policy, guideline and information privacy; and really strong academic institutions that are significantly 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, end up being an AI superpower.

Our greatest chauffeur right now is purchasing talent, due to the fact that in the AI race, it's the technical skill that really wins."Focusing on the beauty of the region for financiers, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I think we are very lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for financial investment in the region.

"International development funds are being available in, which shows clear indications of maturity of the ecosystem The capability of the UAE and regional federal governments to draw in talent; their innovation-first technique, abundance of capital here as well as inflow globally are the essential foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the number of handle the greatest values, with 250 "largest ticket size" deals taped in 2025 in the nation.