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Affirming the growth of AI in the area, a report launched by PwC earlier this month stated that the use of AI among the labor force in the Middle East continues to rise, with 75 percent of staff members in the region using it in their jobs over the previous 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's development in the innovation sector and said that 84 percent of CEOs in the country are prepared to release AI properly, well above the 76 percent global criteria, supported by the Kingdom's data governance ecosystem, consisting of nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are believing holistically about how to make the area attractive, consisting of having more practical laws to enable 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 worldwide policymakers, presidents, CEOs, business leaders, financiers, and market professionals participated in the first Global Organization Online 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 items from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers stated. Both areas count on each other for necessary items.

In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it added. Brazil is by far the largest trading partner for nations in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, said a declaration.

The online forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how organizations can gain from the altering patterns of worldwide demand and what role Dubai can play in facilitating the next step in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however globally too, by acting as an information and research centre, by offering organization paperwork, using legal services, helping with networking chances via signature organization events and delivering almost every conceivable service solution, it specified.

GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong however slow a little. Non-oil activity will be supported by population growth, brand-new markets, and public financial investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector growth will accelerate, offsetting in part lower oil prices; financial balances will be blended, with surpluses in UAE and Qatar, however deficits persist somewhere else.

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SHARJAH (WAM) The GCC and broader 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 talent, said company leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging local investment landscape appears promising.

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Reacting to a question on local startups' prospects of benefiting from current financial investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have so much choosing us in the area: the low expense of energy, an extremely progressive federal government that is ahead in policy, guideline and information privacy; and really strong academic institutions that are increasingly taking a look at AI and ending up technical talent in AI."She added: "Our supreme objective is to see this area, specifically the GCC, become an AI superpower.

Our biggest driver right now is investing in talent, because in the AI race, it's the technical talent that really wins.

"International development funds are being available in, which reveals clear signs of maturity of the environment The ability of the UAE and local federal governments to bring in skill; their innovation-first technique, abundance of capital here along with inflow worldwide are the key foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of handle the highest values, with 250 "biggest ticket size" offers tape-recorded in 2025 in the nation.