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Affirming the growth of AI in the area, a report launched by PwC earlier this month stated that the use of AI among the workforce in the Middle East continues to increase, with 75 percent of workers in the area utilizing it in their tasks over the past 12 months.

In November, a report launched 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 properly, well above the 76 percent international standard, supported by the Kingdom's information governance community, consisting of nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.

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

Top business leaders, policymakers and financiers from the GCC and Latin America recently explored how nations from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, heads of state, CEOs, magnate, investors, and market professionals participated in the very first Global Service 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 goods from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers said. Both areas count on each other for important products.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it added. Brazil is without a doubt the biggest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for cars and Chile for wood products, said a statement.

The online forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how organizations can gain from the altering patterns of worldwide demand and what role Dubai can play in facilitating the next step in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by serving as an information and research study centre, by offering service documents, offering legal services, helping with networking chances via signature service events and delivering almost every imaginable service service, it specified.

GCC development will enhance in 2026, led by faster growth in hydrocarbons; non-oil development will stay strong however sluggish a little. Non-oil activity will be supported by population growth, brand-new industries, and public financial investment; inflation will remain soft, while monetary policy will loosen up. Hydrocarbons sector development will accelerate, balancing out in part lower oil costs; financial balances will be mixed, 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 government policies attracting funds and skill, said service leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the very first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Look Like", speakers agreed that the emerging regional investment landscape appears promising.

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Responding to a concern on regional start-ups' potential customers of gaining from recent financial investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have so much going for us in the region: the low cost of energy, an extremely progressive government that is ahead in policy, policy and information personal privacy; and really strong instructional institutions that are increasingly looking at AI and turning out technical skill in AI."She included: "Our ultimate goal is to see this region, specifically the GCC, become an AI superpower.

Our most significant motorist right now is investing in talent, due to the fact that in the AI race, it's the technical skill that really wins.

"International development funds are coming in, which shows clear signs of maturity of the community The ability of the UAE and local federal governments to attract skill; their innovation-first technique, abundance of capital here as well as inflow worldwide are the crucial foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of deals with the highest values, with 250 "largest ticket size" offers recorded in 2025 in the country.