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Affirming the development of AI in the area, a report released by PwC previously this month said that the use of AI amongst the workforce in the Middle East continues to increase, with 75 percent of workers in the region using 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 said that 84 percent of CEOs in the country are ready to deploy AI responsibly, well above the 76 percent international standard, supported by the Kingdom's information governance ecosystem, including nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are believing holistically about how to make the region appealing, including having more pragmatic laws to enable for experimentation and growth," said the report.

Leading company leaders, policymakers and investors from the GCC and Latin America recently explored how nations from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, service leaders, financiers, and market specialists went to the first Global Organization Forum Latin America held at the Atlantis Palm - Dubai.

Can Market Analytics Drive Middle East Corporate Success?

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 declaration from organisers said. Both regions rely on each other for necessary products.

In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it included. Brazil is by far the biggest trading partner for countries in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (generally poultry), Argentina for cereals, Mexico for cars and Chile for wood products, stated a declaration.

The online forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how organizations can take advantage of the changing patterns of worldwide need and what function 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 however internationally too, by acting as an information and research study centre, by offering service documents, using legal services, helping with networking opportunities by means of signature company events and delivering almost every possible business service, it stated.

GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong but sluggish a little. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector development will accelerate, balancing out in part lower oil rates; fiscal balances will be blended, with surpluses in UAE and Qatar, but deficits continue in other places.

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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, said organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (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 agreed that the emerging regional financial investment landscape appears promising.

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Reacting to a question on regional startups' potential customers of gaining from recent financial investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have a lot choosing us in the region: the low cost of energy, a very progressive federal government that is ahead in policy, regulation and information privacy; and truly strong universities that are progressively taking a look at AI and turning out technical talent in AI."She included: "Our ultimate goal is to see this area, specifically the GCC, end up being an AI superpower.

Our most significant chauffeur right now is purchasing skill, since in the AI race, it's the technical skill that actually wins."Focusing on the beauty of the area for investors, Christos Mastoras, Creator and Handling Partner of Iliad Partners, said: "I think we are really lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for financial investment in the region.

"International development funds are coming in, which shows clear signs of maturity of the ecosystem The capability of the UAE and local federal governments to draw in talent; their innovation-first method, abundance of capital here as well as inflow internationally are the crucial foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of handle the highest values, with 250 "largest ticket size" offers tape-recorded in 2025 in the country.