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Affirming the growth of AI in the region, a report launched by PwC previously this month said that the use 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 development in the innovation sector and said that 84 percent of CEOs in the country are prepared to deploy AI properly, well above the 76 percent international benchmark, supported by the Kingdom's data governance ecosystem, including nationwide initiatives led by the Saudi Data and Expert System Authority.

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

Leading company leaders, policymakers and financiers from the GCC and Latin America just recently checked out how countries from the two areas can grow trade between each other in Dubai, UAE.More than 500 regional and global policymakers, presidents, CEOs, service leaders, financiers, and industry professionals attended the very first Global Company 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers said. Both areas depend on each other for important 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 added. Brazil is without a doubt the biggest trading partner for nations in the region, followed by Argentina and Mexico. Amongst 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 forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how companies can benefit from the altering patterns of worldwide need and what function Dubai can play in helping with the next step in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by acting as a details and research study centre, by offering company paperwork, using legal services, helping with networking opportunities through signature company events and delivering almost every conceivable service solution, it specified.

GCC growth will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong but sluggish slightly. Non-oil activity will be supported by population growth, new industries, and public financial investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector growth will accelerate, offsetting in part lower oil costs; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits continue somewhere else.

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SHARJAH (WAM) The GCC and broader 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 bring in funds and skill, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Look Like", speakers agreed that the emerging local investment landscape appears promising.

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Reacting to a concern on local startups' prospects of benefiting from recent financial investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have so much going for us in the region: the low expense of energy, a really progressive federal government that is ahead in policy, policy and data personal privacy; and really strong universities that are progressively taking a look at AI and turning out technical talent in AI."She included: "Our ultimate objective is to see this region, specifically the GCC, become an AI superpower.

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

"International development funds are coming in, which reveals clear signs of maturity of the environment The capability of the UAE and regional governments to draw in skill; their innovation-first technique, abundance of capital here as well as inflow worldwide are the key foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of offers with the greatest worths, with 250 "largest ticket size" offers tape-recorded in 2025 in the country.