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Affirming the growth of AI in the area, a report launched by PwC previously this month said that the use of AI among the workforce in the Middle East continues to rise, with 75 percent of employees in the area utilizing it in their tasks over the past 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the nation are ready to deploy AI responsibly, well above the 76 percent global benchmark, supported by the Kingdom's data governance ecosystem, consisting of nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are believing holistically about how to make the area appealing, including having more pragmatic laws to permit experimentation and development," said the report.

Leading business leaders, policymakers and financiers from the GCC and Latin America recently explored how nations from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 local and worldwide policymakers, heads of state, CEOs, organization leaders, investors, and industry professionals participated in the first Global Company 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 stated. Both regions count on each other for necessary items.

In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it included. Brazil is without a doubt the largest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, stated a declaration.

The online forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how businesses can gain from the altering patterns of global demand and what function Dubai can play in helping with the next step in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by acting as an info and research study centre, by offering company documents, offering legal services, assisting in networking opportunities by means of signature organization occasions and delivering nearly every conceivable business service, it stated.

GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will stay solid but slow slightly. Non-oil activity will be supported by population growth, brand-new markets, and public financial investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector development will speed up, offsetting in part lower oil prices; financial balances will be combined, with surpluses in UAE and Qatar, however deficits continue elsewhere.

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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 federal government policies drawing in funds and skill, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging local financial investment landscape appears appealing.

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Responding to a concern on local startups' potential customers of benefiting from recent investments in digital infrastructure, Tala Al Jabri, Founder 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 data privacy; and actually strong academic organizations that are significantly taking a look at AI and turning out technical skill in AI."She added: "Our supreme goal is to see this area, specifically the GCC, end up being an AI superpower.

Our most significant motorist today is investing in talent, since in the AI race, it's the technical talent that actually wins."Concentrating on the attractiveness of the region for financiers, Christos Mastoras, Founder and Managing Partner of Iliad Partners, stated: "I believe we are extremely lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for financial investment in the area.

"International development funds are being available in, which reveals clear indications of maturity of the ecosystem The ability of the UAE and local federal governments to attract skill; their innovation-first method, abundance of capital here along with inflow globally are the key building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of handle the highest worths, with 250 "largest ticket size" deals recorded in 2025 in the nation.