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Affirming the development of AI in the region, a report released by PwC previously this month stated that the usage of AI amongst the labor force in the Middle East continues to rise, with 75 percent of workers in the area utilizing it in their jobs over the past 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the nation are ready to deploy AI properly, well above the 76 percent international benchmark, supported by the Kingdom's information governance environment, 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 practical laws to enable experimentation and growth," stated the report.

Top magnate, policymakers and financiers from the GCC and Latin America just recently explored how nations from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, heads of state, CEOs, service leaders, investors, and market experts participated in the very first Global Company 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers stated. Both regions rely on each other for important products.

In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the region's total sugar imports, it added. Brazil is without a doubt the largest trading partner for countries in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, said a declaration.

The forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how businesses can take advantage of the altering patterns of global demand and what role Dubai can play in facilitating the next step in company relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but globally too, by functioning as an information and research centre, by offering business documentation, providing legal services, assisting in networking chances through signature business occasions and providing almost every possible business service, it stated.

GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will remain solid however sluggish a little. Non-oil activity will be supported by population growth, new industries, and public financial investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector development will accelerate, offsetting in part lower oil prices; financial balances will be mixed, with surpluses in UAE and Qatar, but deficits persist elsewhere.

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

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Reacting to a concern on local start-ups' prospects of benefiting from recent investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have a lot opting for us in the area: the low expense of energy, a really progressive federal government that is ahead in policy, policy and information personal privacy; and really strong educational organizations that are increasingly looking at AI and turning out technical skill in AI."She included: "Our supreme objective is to see this region, specifically the GCC, become an AI superpower.

Our greatest chauffeur right now is investing in talent, since in the AI race, it's the technical skill that actually wins."Focusing on the appearance of the region for financiers, Christos Mastoras, Founder and Handling Partner of Iliad Partners, stated: "I think we are extremely lucky to onboard the three biggest banks of Greece as LPs [Limited Partners] for investment in the region.

"International growth funds are coming in, which shows clear signs of maturity of the ecosystem The capability of the UAE and regional governments to draw in talent; their innovation-first technique, abundance of capital here along with inflow globally are the crucial foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of handle the greatest worths, with 250 "largest ticket size" deals recorded in 2025 in the country.