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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 labor force in the Middle East continues to rise, with 75 percent of employees in the region utilizing it in their tasks over the past 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's progress in the innovation sector and stated that 84 percent of CEOs in the nation are all set to release AI properly, well above the 76 percent global benchmark, supported by the Kingdom's data governance environment, including nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are thinking holistically about how to make the area appealing, including having more pragmatic laws to enable experimentation and growth," stated the report.

Leading organization leaders, policymakers and financiers from the GCC and Latin America just recently explored how countries from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, company leaders, financiers, and industry experts attended the very first Global Organization 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 products from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers said. Both areas depend on each other for essential products.

In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the area's total sugar imports, it added. Brazil is by far 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 (primarily poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, said a declaration.

The forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how services can benefit from the altering patterns of global demand and what function 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 information and research study centre, by offering company documentation, providing legal services, helping with networking chances through signature business occasions and providing practically every possible company service, it stated.

GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will stay solid however sluggish somewhat. Non-oil activity will be supported by population development, brand-new markets, and public investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector development will speed up, balancing out in part lower oil rates; fiscal balances will be mixed, with surpluses in UAE and Qatar, however deficits continue elsewhere.

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SHARJAH (WAM) The GCC and broader Middle East region is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies attracting funds and skill, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the very 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 promising.

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Responding to a concern on local start-ups' prospects of gaining from recent investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have a lot choosing us in the area: the low cost of energy, a really progressive government that is ahead in policy, regulation and data personal privacy; and actually strong educational organizations that are significantly looking at AI and ending up technical skill in AI."She included: "Our ultimate objective is to see this area, specifically the GCC, end up being an AI superpower.

Our greatest driver today is purchasing skill, because in the AI race, it's the technical skill that actually wins."Focusing on the attractiveness of the area for financiers, Christos Mastoras, Founder and Handling Partner of Iliad Partners, said: "I believe we are really fortunate to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the region.

"International growth funds are can be found in, which shows clear indications of maturity of the environment The ability of the UAE and local federal governments to bring in talent; their innovation-first approach, abundance of capital here along with inflow worldwide are the essential building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of deals with the greatest values, with 250 "biggest ticket size" deals recorded in 2025 in the country.