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Affirming 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 staff members in the region utilizing 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 ready to deploy AI responsibly, well above the 76 percent global standard, supported by the Kingdom's data governance community, consisting of national efforts led by the Saudi Data and Expert System Authority.

Policymakers are thinking holistically about how to make the area appealing, consisting of having more practical laws to enable experimentation and growth," said the report.

Top magnate, policymakers and financiers from the GCC and Latin America recently explored how countries from the two areas can grow trade between each other in Dubai, UAE.More than 500 local and worldwide policymakers, heads of state, CEOs, organization leaders, investors, and market specialists went to the first Global Business 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 items from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both areas rely on each other for vital products.

In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it included. 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 counts on Brazil for meat (generally poultry), Argentina for cereals, Mexico for vehicles and Chile for wood products, said a declaration.

The online forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how companies can gain from the changing patterns of international demand and what function Dubai can play in assisting in the next step in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by serving as a details and research study centre, by providing business paperwork, providing legal services, helping with networking chances by means of signature business occasions and delivering practically every imaginable service solution, it mentioned.

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

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SHARJAH (WAM) The GCC and broader Middle East area is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies attracting funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging regional investment landscape appears promising.

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Responding to a concern on local start-ups' potential customers of benefiting from recent investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have so much going for us in the area: the low cost of energy, an extremely progressive government that is ahead in policy, regulation and data personal privacy; and really strong universities that are significantly looking at AI and turning out technical skill in AI."She added: "Our supreme objective is to see this region, specifically the GCC, become an AI superpower.

Our biggest chauffeur right now is purchasing skill, due to the fact that in the AI race, it's the technical talent that truly wins."Focusing on the appearance of the region for financiers, Christos Mastoras, Founder and Handling Partner of Iliad Partners, said: "I believe we are very lucky to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for investment in the area.

"International growth funds are coming in, which shows clear indications of maturity of the ecosystem The ability of the UAE and local federal governments to draw in skill; their innovation-first method, abundance of capital here in addition to inflow worldwide are the key building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of handle the greatest values, with 250 "biggest ticket size" deals recorded in 2025 in the country.