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Verifying the development of AI in the region, a report released by PwC earlier this month said that the use of AI among the workforce in the Middle East continues to increase, with 75 percent of workers in the area utilizing it in their jobs 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 nation are all set to release AI properly, well above the 76 percent worldwide criteria, supported by the Kingdom's data governance environment, including national efforts led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are thinking holistically about how to make the area attractive, including having more pragmatic laws to enable experimentation and development," stated the report.

Leading magnate, policymakers and financiers from the GCC and Latin America recently checked out 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, organization leaders, investors, and industry 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 stated. Both regions count on each other for essential items.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it included. 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 relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, said a statement.

The forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how services can benefit from the changing patterns of international demand and what function Dubai can play in facilitating the next step in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by acting as a details and research centre, by providing service documentation, offering legal services, facilitating networking chances via signature business occasions and providing nearly every imaginable company solution, it stated.

GCC development will enhance in 2026, led by faster expansion in hydrocarbons; non-oil development will stay solid but sluggish slightly. Non-oil activity will be supported by population development, brand-new industries, and public financial investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector development will speed up, balancing out in part lower oil rates; financial balances will be blended, with surpluses in UAE and Qatar, but deficits persist somewhere else.

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SHARJAH (WAM) The GCC and broader 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, stated company leaders 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 local financial investment landscape appears appealing.

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Reacting to a concern on local startups' potential customers of gaining from current investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have a lot choosing us in the area: the low cost of energy, a really progressive government that is ahead in policy, policy and data personal privacy; and actually strong academic organizations that are significantly taking a look at AI and ending up technical skill in AI."She included: "Our ultimate objective is to see this area, particularly the GCC, become an AI superpower.

Our most significant motorist right now is investing in skill, since in the AI race, it's the technical skill that really wins.

"International development funds are coming in, which reveals clear indications of maturity of the community The ability of the UAE and local governments to bring in skill; their innovation-first approach, abundance of capital here as well as inflow worldwide are the essential structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of deals with the highest values, with 250 "largest ticket size" offers taped in 2025 in the country.