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Verifying the development of AI in the region, a report released by PwC previously this month said that the use of AI among the labor force in the Middle East continues to rise, with 75 percent of staff members in the area utilizing it in their tasks over the past 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the country are all set to release AI properly, well above the 76 percent international criteria, supported by the Kingdom's data governance ecosystem, including nationwide 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 permit experimentation and development," stated the report.

Top magnate, policymakers and financiers from the GCC and Latin America recently explored how countries from the two areas can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, presidents, CEOs, magnate, financiers, and market professionals attended the very first Global Service 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 area were $5.6 billion, a statement from organisers said. Both regions depend on each other for important products.

In 2015 Latin America provided nearly 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 countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (generally poultry), Argentina for cereals, Mexico for vehicles and Chile for wood products, said a declaration.

The forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how companies can benefit from the changing patterns of international need and what function Dubai can play in helping with the next step in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but internationally too, by functioning as an information and research centre, by supplying organization documentation, using legal services, helping with networking opportunities via signature business events and delivering nearly every conceivable business solution, it stated.

GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay strong but sluggish slightly. Non-oil activity will be supported by population development, new industries, and public investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector development will accelerate, offsetting in part lower oil prices; fiscal balances will be combined, with surpluses in UAE and Qatar, however deficits continue in other places.

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SHARJAH (WAM) The GCC and wider Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies bring in funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Appear Like", speakers agreed that the emerging regional financial investment landscape appears appealing.

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Responding to a concern on local startups' potential customers of gaining from current financial investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have a lot opting for us in the region: the low cost of energy, an extremely progressive federal government that is ahead in policy, guideline and data privacy; and actually strong instructional institutions that are significantly taking a look at AI and ending up technical skill in AI."She added: "Our ultimate goal is to see this region, specifically the GCC, become an AI superpower.

Our most significant chauffeur today is buying skill, due to the fact that in the AI race, it's the technical talent that actually wins."Concentrating on the beauty of the area for investors, Christos Mastoras, Creator and Handling Partner of Iliad Partners, said: "I think we are extremely lucky to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for investment in the area.

"International development funds are coming in, which shows clear indications of maturity of the environment The ability of the UAE and regional federal governments to draw in skill; their innovation-first technique, abundance of capital here along with inflow globally are the essential foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of handle the highest values, with 250 "biggest ticket size" deals tape-recorded in 2025 in the nation.