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Verifying the growth of AI in the region, a report released by PwC previously 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 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 prepared to deploy AI responsibly, well above the 76 percent global standard, supported by the Kingdom's information governance community, consisting of nationwide efforts led by the Saudi Data and Expert System Authority.

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

Top business leaders, policymakers and financiers from the GCC and Latin America recently explored how nations from the two areas can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, magnate, investors, and market professionals attended the very 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 statement from organisers said. Both areas count 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 added. Brazil is by far the biggest trading partner for countries in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, stated a statement.

The forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how services can benefit from the altering patterns of worldwide need and what role Dubai can play in facilitating the next step in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but globally too, by functioning as an information and research study centre, by offering company documents, providing legal services, assisting in networking chances via signature service events and providing practically every imaginable service solution, it mentioned.

GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will stay solid however slow somewhat. Non-oil activity will be supported by population development, brand-new industries, and public financial investment; inflation will stay 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 wider Middle East region is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies attracting funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 examining "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 regional start-ups' potential customers of benefiting from current investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have a lot going for us in the area: the low expense of energy, a very progressive federal government that is ahead in policy, guideline and information personal privacy; and truly strong universities that are increasingly taking a look at AI and ending up technical skill in AI."She included: "Our ultimate goal is to see this area, specifically the GCC, end up being an AI superpower.

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"International development funds are can be found in, which reveals clear signs of maturity of the ecosystem The ability of the UAE and regional federal governments to attract skill; their innovation-first technique, abundance of capital here along with inflow globally are the key structure blocks."Paula Tavangar, Chief Financial 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 taped in 2025 in the country.