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Affirming the development of AI in the region, a report launched by PwC previously this month stated that the use of AI among the workforce in the Middle East continues to rise, with 75 percent of employees 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 innovation sector and said that 84 percent of CEOs in the nation are all set to deploy AI responsibly, well above the 76 percent global standard, supported by the Kingdom's information governance community, consisting of national initiatives led by the Saudi Data and Artificial Intelligence Authority.

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

Leading company leaders, policymakers and financiers from the GCC and Latin America recently checked out how nations from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, magnate, investors, and market specialists went to 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers said. Both regions count on each other for necessary items.

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 by far the largest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, said a statement.

The forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how companies can benefit from the altering patterns of worldwide need and what role 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 but worldwide too, by serving as an info and research study centre, by supplying organization documents, offering legal services, assisting in networking chances through signature service occasions and delivering almost every conceivable organization option, it specified.

GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will stay solid however sluggish a little. Non-oil activity will be supported by population growth, new markets, and public financial investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector growth will speed up, balancing out in part lower oil costs; financial balances will be mixed, with surpluses in UAE and Qatar, however deficits continue somewhere else.

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SHARJAH (WAM) The GCC and broader 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 skill, stated magnate 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 financial investment landscape appears appealing.

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Reacting to a concern on local startups' potential customers of gaining from recent financial investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have so much opting for us in the region: the low cost of energy, a really progressive federal government that is ahead in policy, policy and information privacy; and actually strong universities that are progressively looking at AI and ending up technical talent in AI."She added: "Our ultimate goal is to see this area, particularly the GCC, end up being an AI superpower.

Our most significant driver right now is purchasing talent, because in the AI race, it's the technical skill that actually wins."Concentrating on the appearance of the region for financiers, Christos Mastoras, Creator and Handling Partner of Iliad Partners, said: "I think we are very lucky to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for financial investment in the region.

"International growth funds are can be found in, which shows clear indications of maturity of the ecosystem The ability of the UAE and local federal governments to attract skill; their innovation-first method, abundance of capital here in addition to inflow worldwide are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of deals with the greatest worths, with 250 "largest ticket size" deals recorded in 2025 in the country.