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

In November, a report released by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the nation are ready to release AI properly, well above the 76 percent international benchmark, supported by the Kingdom's information governance community, consisting of national efforts led by the Saudi Data and Expert System Authority.

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

Top magnate, policymakers and investors from the GCC and Latin America just recently explored how countries from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, presidents, CEOs, magnate, investors, and market experts attended the 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers stated. Both areas count on each other for necessary products.

In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 per cent of the area's total sugar imports, it added. Brazil is by far the largest trading partner for countries in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (generally poultry), Argentina for cereals, Mexico for cars and Chile for wood products, stated a declaration.

The forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how companies can benefit from the changing patterns of worldwide need and what function Dubai can play in facilitating the next step in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but internationally too, by functioning as an info and research centre, by offering business documentation, providing legal services, facilitating networking opportunities through signature company events and delivering almost every conceivable service option, it mentioned.

GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong but slow slightly. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector growth will speed up, balancing out in part lower oil costs; financial balances will be mixed, with surpluses in UAE and Qatar, however deficits continue somewhere else.

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SHARJAH (WAM) The GCC and larger 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 drawing in 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 Equity Capital Appear Like", speakers concurred that the emerging regional financial investment landscape appears promising.

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Reacting to a concern on local startups' potential customers of gaining from recent investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have so much opting for us in the area: 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 added: "Our ultimate objective is to see this region, specifically the GCC, end up being an AI superpower.

Our most significant motorist today is buying talent, because in the AI race, it's the technical talent that really wins."Focusing on the beauty of the region for financiers, Christos Mastoras, Founder and Managing Partner of Iliad Partners, stated: "I think we are really fortunate to onboard the 3 largest banks of Greece as LPs [Limited Partners] for financial investment in the region.

"International growth funds are can be found in, which reveals clear indications of maturity of the ecosystem The capability of the UAE and local governments to draw 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 area, Saudi Arabia is leading the number of handle the highest worths, with 250 "biggest ticket size" deals recorded in 2025 in the nation.