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Verifying the development of AI in the region, a report released by PwC earlier this month stated that the use of AI amongst the labor force in the Middle East continues to rise, with 75 percent of workers in the region using it in their tasks over the previous 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and said that 84 percent of CEOs in the nation are all set to deploy AI responsibly, well above the 76 percent worldwide standard, supported by the Kingdom's data governance environment, consisting of national initiatives led by the Saudi Data and Expert System Authority.

Policymakers are thinking holistically about how to make the area appealing, including having more pragmatic laws to permit experimentation and growth," stated 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 regional and international policymakers, heads of state, CEOs, magnate, investors, and market specialists went to the first Global Company Forum Latin America held at the Atlantis Palm - Dubai.

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In 2015 the GCC comprised 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 stated. Both regions count on each other for necessary products.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the area's total 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 (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, said a statement.

The online forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how businesses can benefit from the changing patterns of international need and what role Dubai can play in helping with the next action in company 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 study centre, by providing business documentation, providing legal services, assisting in networking chances by means of signature organization events and providing practically every conceivable service option, it specified.

GCC development will strengthen in 2026, led by faster growth in hydrocarbons; non-oil development will remain solid but slow a little. Non-oil activity will be supported by population development, brand-new markets, and public investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector development will accelerate, offsetting in part lower oil costs; fiscal balances will be mixed, with surpluses in UAE and Qatar, however deficits persist elsewhere.

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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 attracting funds and talent, stated business leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Look Like", speakers concurred that the emerging regional investment landscape appears promising.

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Responding to a question on regional start-ups' potential customers of taking advantage of current financial investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have a lot going for us in the area: the low cost of energy, an extremely progressive federal government that is ahead in policy, guideline and information privacy; and really strong educational institutions that are significantly taking a look at AI and ending up technical skill in AI."She included: "Our supreme objective is to see this region, particularly the GCC, become an AI superpower.

Our greatest driver right now is investing in skill, due to the fact that in the AI race, it's the technical skill that truly wins.

"International development funds are being available in, which shows clear signs of maturity of the environment The ability of the UAE and regional governments to draw in skill; their innovation-first method, abundance of capital here along with inflow worldwide are the key building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of offers with the highest values, with 250 "largest ticket size" deals tape-recorded in 2025 in the nation.