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Affirming the growth of AI in the area, a report launched by PwC previously this month said that the usage of AI amongst the workforce in the Middle East continues to rise, with 75 percent of staff members in the region using it in their jobs over the past 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the country are prepared to release AI responsibly, well above the 76 percent international benchmark, supported by the Kingdom's information governance environment, consisting of nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are thinking holistically about how to make the region appealing, consisting of having more practical laws to permit experimentation and development," stated the report.

Top business leaders, policymakers and investors from the GCC and Latin America just recently explored how countries from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 local and international policymakers, heads of state, CEOs, magnate, investors, and market specialists went to the very first Global Business 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 area were $5.6 billion, a statement from organisers said. Both regions depend on each other for necessary products.

In 2015 Latin America supplied nearly 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 largest 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 statement.

The online forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how organizations can benefit from the altering patterns of global need and what role Dubai can play in assisting in the next action in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by serving as a details and research centre, by supplying business documentation, providing legal services, helping with networking opportunities via signature organization events and delivering nearly every conceivable service service, it stated.

GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will remain solid but slow slightly. Non-oil activity will be supported by population development, new markets, and public financial investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector growth will accelerate, balancing out in part lower oil rates; financial balances will be combined, with surpluses in UAE and Qatar, however 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 federal government policies drawing in funds and talent, stated business leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout 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 investment landscape appears appealing.

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Reacting to a question on regional start-ups' prospects of gaining from recent financial investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have so much choosing us in the region: the low cost of energy, a really progressive 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 talent in AI."She added: "Our ultimate objective is to see this region, specifically the GCC, become an AI superpower.

Our most significant driver today is purchasing talent, due to the fact that in the AI race, it's the technical talent that really wins."Focusing on the beauty of the area for financiers, Christos Mastoras, Creator and Managing Partner of Iliad Partners, stated: "I think we are very fortunate to onboard the three largest banks of Greece as LPs [Limited Partners] for financial investment in the area.

"International growth funds are coming in, which shows clear indications of maturity of the ecosystem The ability of the UAE and regional federal governments to bring in talent; their innovation-first technique, abundance of capital here as well as inflow globally are the crucial building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of deals with the highest values, with 250 "biggest ticket size" offers taped in 2025 in the nation.