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Affirming the growth of AI in the region, a report released by PwC earlier this month said that the usage of AI among the workforce 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 progress in the technology sector and stated that 84 percent of CEOs in the nation are all set to release AI properly, well above the 76 percent international benchmark, supported by the Kingdom's data governance community, including nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are thinking holistically about how to make the area appealing, consisting of having more pragmatic laws to enable for experimentation and development," stated the report.

Top magnate, policymakers and investors from the GCC and Latin America recently explored how countries from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, presidents, CEOs, magnate, investors, and market professionals participated in 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers said. Both areas rely on each other for essential items.

In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it included. 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 depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for cars and Chile for wood items, stated a declaration.

The forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how organizations can gain from the altering patterns of international demand and what role Dubai can play in assisting in 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 serving as an info and research centre, by supplying company paperwork, using legal services, helping with networking opportunities by means of signature organization events and providing nearly every imaginable organization option, it mentioned.

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

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SHARJAH (WAM) The GCC and broader Middle East area is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies bring in funds and talent, said business leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the very first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Look Like", speakers agreed that the emerging local investment landscape appears appealing.

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Reacting to a question on local startups' prospects of taking advantage of current financial investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have a lot choosing us in the area: the low expense of energy, a really progressive federal government that is ahead in policy, regulation and data personal privacy; and truly strong universities that are significantly looking at AI and ending up technical talent in AI."She included: "Our ultimate goal is to see this area, particularly the GCC, end up being an AI superpower.

Our biggest chauffeur right now is purchasing talent, due to the fact that in the AI race, it's the technical skill that truly wins."Concentrating on the beauty of the area for investors, Christos Mastoras, Creator and Handling Partner of Iliad Partners, stated: "I think we are really fortunate to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for financial investment in the area.

"International development funds are can be found in, which shows clear indications of maturity of the community The capability of the UAE and regional federal governments to bring in skill; their innovation-first approach, abundance of capital here as well as inflow internationally are the essential structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of deals with the highest worths, with 250 "largest ticket size" offers recorded in 2025 in the country.