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Affirming the growth of AI in the area, a report launched by PwC previously this month stated that the usage of AI among the labor force in the Middle East continues to rise, with 75 percent of workers in the area using it in their jobs 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 nation are ready to deploy AI properly, well above the 76 percent worldwide standard, supported by the Kingdom's information governance community, including nationwide initiatives led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the region attractive, including having more practical laws to enable experimentation and growth," said the report.
Top organization leaders, policymakers and financiers from the GCC and Latin America recently explored how nations from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 local and worldwide policymakers, presidents, CEOs, service leaders, financiers, and market specialists participated in the first Global Business Online forum Latin America held at the Atlantis Palm - Dubai.
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 statement from organisers said. Both areas depend on each other for vital 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 by far the largest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, stated a statement.
The online forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how companies can benefit from the altering patterns of worldwide need and what role Dubai can play in facilitating the next action in organization relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however globally too, by serving as an info and research centre, by providing company documents, providing legal services, helping with networking chances through signature organization events and providing practically every possible service service, it specified.
GCC growth will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will remain strong but sluggish somewhat. Non-oil activity will be supported by population growth, new markets, and public investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector development will accelerate, balancing out in part lower oil costs; fiscal balances will be blended, with surpluses in UAE and Qatar, however deficits continue in other places.
SHARJAH (WAM) The GCC and wider Middle East area is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies attracting funds and talent, said service leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the very first day of SEF 2026 examining "What Does the Next Year of Endeavor Capital Appear Like", speakers concurred that the emerging regional financial investment landscape appears promising.
What UAE Personnel In Fact Want in 2026Reacting to a question on local start-ups' potential customers of gaining from current investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have a lot opting for us in the area: the low expense of energy, a very progressive federal government that is ahead in policy, guideline and information privacy; and truly strong educational organizations that are progressively taking a look at AI and turning out technical talent in AI."She added: "Our supreme objective is to see this area, specifically the GCC, end up being an AI superpower.
Our biggest chauffeur right now is investing in talent, due to the fact that in the AI race, it's the technical skill that really wins.
"International growth funds are being available in, which reveals clear indications of maturity of the ecosystem The ability of the UAE and regional federal governments to bring in talent; their innovation-first technique, abundance of capital here as well as inflow internationally are the crucial structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of deals with the greatest values, with 250 "largest ticket size" deals tape-recorded in 2025 in the nation.
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