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Verifying the development of AI in the region, a report released by PwC previously this month stated that the use of AI amongst the workforce in the Middle East continues to increase, with 75 percent of staff members in the area using it in their tasks over the past 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's progress in the innovation sector and stated that 84 percent of CEOs in the nation are prepared to release AI responsibly, well above the 76 percent global standard, supported by the Kingdom's data governance environment, consisting of national initiatives led by the Saudi Data and Expert System Authority.

Policymakers are thinking holistically about how to make the region attractive, consisting of having more pragmatic laws to enable experimentation and development," said the report.

Leading organization leaders, policymakers and investors from the GCC and Latin America recently checked out how nations from the two regions can grow trade between each other in Dubai, UAE.More than 500 local and international policymakers, heads of state, CEOs, magnate, investors, and market specialists participated in the first Global Service Forum Latin America held at the Atlantis Palm - Dubai.

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In 2015 the GCC comprised 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 region were $5.6 billion, a statement from organisers stated. Both areas rely on each other for vital products.

In 2015 Latin America supplied almost 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 biggest trading partner for nations 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 cars and Chile for wood items, said a statement.

The forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how companies can take advantage of the changing patterns of worldwide demand and what role Dubai can play in assisting in the next step in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but globally too, by serving as an information and research study centre, by supplying organization documentation, providing legal services, helping with networking opportunities by means of signature organization occasions and delivering nearly every possible company service, it mentioned.

GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will remain strong however slow a little. Non-oil activity will be supported by population development, new industries, and public financial investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector development will speed up, balancing out in part lower oil costs; financial balances will be blended, with surpluses in UAE and Qatar, but deficits persist in other places.

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

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Responding to a concern on regional start-ups' potential customers of benefiting from current investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have so much going for us in the area: the low cost of energy, a really progressive federal government that is ahead in policy, regulation and information privacy; and really strong instructional organizations that are significantly looking at AI and ending up technical skill in AI."She included: "Our supreme objective is to see this region, specifically the GCC, end up being an AI superpower.

Our biggest chauffeur right now is purchasing talent, since in the AI race, it's the technical talent that really wins."Focusing on the beauty of the area for investors, Christos Mastoras, Creator and Managing Partner of Iliad Partners, said: "I believe we are extremely lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for financial investment in the area.

"International growth funds are can be found in, which shows clear signs of maturity of the ecosystem The capability of the UAE and regional governments to attract skill; their innovation-first technique, abundance of capital here along with inflow globally are the crucial structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of handle the highest worths, with 250 "largest ticket size" offers taped in 2025 in the nation.