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Verifying the development of AI in the region, a report launched by PwC earlier this month said that the usage of AI amongst the labor force in the Middle East continues to increase, with 75 percent of staff members in the area utilizing it in their tasks over the previous 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the country are all set to release AI properly, well above the 76 percent global benchmark, supported by the Kingdom's information governance ecosystem, consisting of national initiatives led by the Saudi Data and Expert System Authority.

Policymakers are believing holistically about how to make the area attractive, consisting of having more practical laws to permit experimentation and development," said the report.

Top magnate, policymakers and investors from the GCC and Latin America recently explored how countries from the two regions can grow trade in between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, magnate, investors, and market specialists went to 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 items from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers stated. Both regions depend on each other for vital products.

In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent of the region's overall sugar imports, it included. Brazil is by far the largest trading partner for countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, stated a statement.

The online forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how businesses can take advantage of the altering patterns of worldwide need and what role Dubai can play in facilitating the next action in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by serving as an info and research study centre, by supplying business paperwork, offering legal services, facilitating networking chances by means of signature company occasions and providing practically every possible company solution, it specified.

GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong but sluggish somewhat. Non-oil activity will be supported by population growth, brand-new industries, and public investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector growth will speed up, balancing out 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 financial 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 Celebration (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Look Like", speakers concurred that the emerging local investment landscape appears appealing.

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Reacting to a concern on regional startups' potential customers of benefiting from recent financial investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have a lot going for us in the region: the low cost of energy, a very progressive federal government that is ahead in policy, policy and information personal privacy; and actually strong instructional institutions that are progressively looking at AI and ending up 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 driver right now is purchasing skill, since in the AI race, it's the technical talent that really wins."Concentrating on the appearance of the area for investors, Christos Mastoras, Founder and Managing Partner of Iliad Partners, stated: "I think we are very lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for financial investment in the area.

"International growth 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 bring in skill; their innovation-first approach, abundance of capital here in addition to inflow globally are the essential foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of deals with the greatest worths, with 250 "biggest ticket size" deals recorded in 2025 in the country.