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Affirming the growth of AI in the region, a report launched by PwC previously this month said that the usage of AI among the labor force in the Middle East continues to increase, with 75 percent of employees in the area using 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 stated that 84 percent of CEOs in the nation are ready to release AI properly, well above the 76 percent worldwide criteria, supported by the Kingdom's information governance environment, including 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 permit experimentation and development," said the report.

Top magnate, policymakers and financiers from the GCC and Latin America just recently explored how nations from the two areas can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, business leaders, investors, and market experts went to the first Global Business 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 area were $5.6 billion, a statement from organisers said. Both regions rely on each other for vital products.

In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 per cent of the area'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. Amongst the Latin American states, the GCC relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for cars and Chile for wood items, stated a declaration.

The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how services can gain from the changing patterns of global demand and what function Dubai can play in facilitating the next step in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however globally too, by functioning as an info and research centre, by offering organization paperwork, providing legal services, assisting in networking opportunities through signature service occasions and delivering practically every imaginable organization service, it stated.

GCC development will enhance in 2026, led by faster growth in hydrocarbons; non-oil growth will stay solid but sluggish a little. Non-oil activity will be supported by population development, new industries, and public investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector growth will speed up, balancing out in part lower oil rates; financial balances will be mixed, with surpluses in UAE and Qatar, however deficits persist elsewhere.

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SHARJAH (WAM) The GCC and wider Middle East region 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 magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the very first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Appear Like", speakers agreed that the emerging regional investment landscape appears promising.

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Responding to a concern on regional startups' potential customers of gaining from recent financial investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have so much going for us in the area: the low cost of energy, a really progressive federal government that is ahead in policy, regulation and data personal privacy; and really strong educational institutions that are significantly looking at AI and turning out technical skill in AI."She included: "Our ultimate goal is to see this area, particularly the GCC, end up being an AI superpower.

Our biggest driver right now is investing in talent, because in the AI race, it's the technical skill that truly wins.

"International growth funds are being available in, which shows clear signs of maturity of the ecosystem The ability of the UAE and regional governments to draw in talent; their innovation-first method, abundance of capital here along with inflow globally are the crucial foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of deals with the highest values, with 250 "biggest ticket size" offers taped in 2025 in the nation.