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Verifying the growth of AI in the area, a report launched by PwC previously this month said that the use of AI among the workforce 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 released by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the country are ready to deploy AI responsibly, well above the 76 percent international standard, supported by the Kingdom's data governance environment, consisting of nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.

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

Leading magnate, policymakers and financiers from the GCC and Latin America just recently checked out how countries from the two areas can grow trade between each other in Dubai, UAE.More than 500 local and worldwide policymakers, heads of state, CEOs, magnate, financiers, and industry experts attended the 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 items from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers said. Both regions rely on each other for necessary products.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it included. Brazil is without a doubt the biggest trading partner for countries in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for cars and Chile for wood products, stated a statement.

The online forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how companies can gain from the altering patterns of international need and what function Dubai can play in assisting in the next action in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by acting as an information and research study centre, by supplying business documents, offering legal services, helping with networking chances by means of signature organization events and delivering almost every imaginable company solution, it stated.

GCC development will reinforce in 2026, led by faster growth in hydrocarbons; non-oil development will remain solid however slow somewhat. Non-oil activity will be supported by population growth, brand-new markets, and public financial investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector growth will accelerate, offsetting in part lower oil prices; fiscal balances will be blended, with surpluses in UAE and Qatar, however deficits persist in other places.

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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 federal government policies drawing in funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion 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 local startups' potential customers of taking advantage of current financial investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have so much choosing us in the region: the low expense of energy, an extremely progressive federal government that is ahead in policy, regulation and information personal privacy; and truly strong instructional institutions that are progressively looking at AI and ending up technical skill in AI."She included: "Our supreme goal is to see this area, particularly the GCC, end up being an AI superpower.

Our most significant driver right now is investing in skill, because in the AI race, it's the technical skill that actually wins.

"International growth funds are coming in, which reveals clear indications of maturity of the environment The capability of the UAE and local governments to bring in talent; their innovation-first method, abundance of capital here in addition to inflow worldwide are the essential building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of deals with the greatest worths, with 250 "largest ticket size" deals recorded in 2025 in the country.