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Affirming the growth of AI in the area, a report launched by PwC previously this month said that the use of AI amongst the labor force in the Middle East continues to increase, with 75 percent of employees in the area utilizing it in their tasks over the previous 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the country are all set to deploy AI responsibly, well above the 76 percent international standard, supported by the Kingdom's information governance community, including nationwide efforts led by the Saudi Data and Expert System Authority.

Policymakers are believing holistically about how to make the area appealing, consisting of having more pragmatic laws to enable for experimentation and growth," said the report.

Leading company leaders, policymakers and investors from the GCC and Latin America recently checked out how nations from the two areas can grow trade between each other in Dubai, UAE.More than 500 local and international policymakers, heads of state, CEOs, business leaders, investors, and industry professionals attended the first Global Company 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 region were $5.6 billion, a statement from organisers stated. Both areas count on each other for essential items.

In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent of the region's total sugar imports, it included. Brazil is without a doubt the largest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (generally poultry), Argentina for cereals, Mexico for cars and Chile for wood products, said a declaration.

The forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how businesses can take advantage of the changing patterns of global demand 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 however internationally too, by functioning as a details and research study centre, by supplying service paperwork, providing legal services, assisting in networking chances through signature business events and providing practically every possible business solution, it specified.

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

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SHARJAH (WAM) The GCC and larger Middle East region is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies drawing in funds and skill, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the very first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Appear Like", speakers concurred that the emerging regional financial investment landscape appears promising.

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Reacting to a concern on regional start-ups' prospects of gaining from current investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have a lot opting for us in the region: the low expense of energy, a very progressive federal government that is ahead in policy, guideline and data privacy; and actually strong universities that are significantly taking a look at AI and turning out technical talent in AI."She added: "Our supreme objective is to see this region, specifically the GCC, become an AI superpower.

Our most significant motorist right now is buying talent, since in the AI race, it's the technical talent that really wins."Focusing on the attractiveness of the region for financiers, Christos Mastoras, Founder and Handling Partner of Iliad Partners, said: "I believe we are really lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for financial investment in the region.

"International growth funds are coming in, which reveals clear signs of maturity of the environment The capability of the UAE and local federal governments to bring in talent; their innovation-first technique, abundance of capital here along with inflow worldwide are the essential foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of deals with the highest worths, with 250 "biggest ticket size" offers taped in 2025 in the nation.