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Verifying the growth of AI in the region, 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 utilizing it in their jobs over the previous 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's development in the technology sector and said that 84 percent of CEOs in the nation are all set to release AI properly, well above the 76 percent worldwide benchmark, supported by the Kingdom's data governance environment, including national initiatives led by the Saudi Data and Artificial Intelligence Authority.

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

Top magnate, policymakers and financiers from the GCC and Latin America recently checked out how countries from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, magnate, financiers, and market experts participated in the first Global Company 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 products from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers stated. Both areas count on each other for essential items.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it included. Brazil is without a doubt the largest trading partner for nations in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, stated a statement.

The forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how organizations can gain from the changing patterns of global demand and what role Dubai can play in facilitating the next action in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by functioning as an information and research centre, by supplying organization documentation, providing legal services, facilitating networking chances by means of signature service occasions and providing almost every imaginable company service, it stated.

GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will remain strong but slow a little. Non-oil activity will be supported by population development, new industries, and public investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector growth will accelerate, offsetting in part lower oil rates; financial balances will be mixed, with surpluses in UAE and Qatar, however deficits continue somewhere else.

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SHARJAH (WAM) The GCC and larger Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies drawing in funds and talent, stated business leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the very first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging regional financial investment landscape appears appealing.

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Reacting to a concern on local start-ups' potential customers of taking advantage of recent financial investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have a lot going for us in the region: the low expense of energy, a very progressive government that is ahead in policy, policy and information personal privacy; and truly strong universities that are increasingly taking a look at AI and ending up technical talent in AI."She added: "Our ultimate goal is to see this area, specifically the GCC, become an AI superpower.

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"International development funds are can be found in, which shows clear indications of maturity of the environment The capability of the UAE and local federal governments to attract talent; their innovation-first method, abundance of capital here along with inflow globally are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the number of handle the highest worths, with 250 "largest ticket size" deals tape-recorded in 2025 in the country.