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Verifying the growth of AI in the area, a report launched by PwC earlier this month stated that the usage of AI among the labor force in the Middle East continues to rise, with 75 percent of staff members in the area using 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 prepared to deploy AI properly, well above the 76 percent international benchmark, supported by the Kingdom's information governance ecosystem, consisting of national initiatives led by the Saudi Data and Expert System Authority.

Policymakers are thinking holistically about how to make the region appealing, including having more practical laws to allow for experimentation and development," stated the report.

Top service leaders, policymakers and investors from the GCC and Latin America recently explored how nations from the two regions can grow trade between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, company leaders, investors, and industry specialists went to the 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 region were $5.6 billion, a declaration from organisers stated. Both areas depend on each other for necessary products.

In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it included. Brazil is without a doubt the biggest trading partner for nations in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, stated a statement.

The online forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how companies can gain from the changing patterns of international demand and what function Dubai can play in helping with the next action in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but internationally too, by acting as an information and research centre, by offering business documents, providing legal services, helping with networking opportunities through signature service occasions and delivering practically every conceivable organization service, it specified.

GCC development will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain solid however sluggish somewhat. Non-oil activity will be supported by population development, new markets, and public investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector development will speed up, offsetting in part lower oil prices; 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 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 bring in funds and skill, said organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 taking a look at "What Does the Next Year of Endeavor Capital Appear Like", speakers concurred that the emerging local investment landscape appears promising.

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Reacting to a concern on regional start-ups' potential customers of taking advantage of recent financial investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have a lot opting for us in the area: the low cost of energy, a very progressive federal government that is ahead in policy, guideline and information privacy; and truly strong instructional institutions that are increasingly taking a look at AI and ending up technical skill in AI."She added: "Our supreme goal is to see this area, specifically the GCC, end up being an AI superpower.

Our biggest chauffeur today is purchasing skill, because in the AI race, it's the technical skill that actually wins."Focusing on the attractiveness of the region for investors, Christos Mastoras, Creator 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 investment in the area.

"International development funds are coming in, which reveals clear indications of maturity of the ecosystem The ability of the UAE and local governments to bring in skill; their innovation-first technique, abundance of capital here along with inflow internationally are the essential structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of handle the greatest values, with 250 "biggest ticket size" offers tape-recorded in 2025 in the nation.