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Affirming the growth of AI in the area, a report released by PwC earlier this month said that the use of AI among the workforce in the Middle East continues to rise, with 75 percent of employees in the region utilizing it in their jobs over the past 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the nation are ready to release AI properly, well above the 76 percent international benchmark, supported by the Kingdom's data governance ecosystem, consisting of national initiatives led by the Saudi Data and Expert System Authority.

Policymakers are thinking holistically about how to make the area attractive, consisting of having more practical laws to allow for experimentation and growth," said the report.

Leading magnate, policymakers and investors from the GCC and Latin America recently explored how nations from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, magnate, financiers, and industry specialists participated in the first Global Company 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 products from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both areas count on each other for essential items.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the area's total sugar imports, it included. Brazil is by far the largest trading partner for countries 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 cars and Chile for wood products, stated a statement.

The forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how businesses can take advantage of the altering patterns of worldwide demand and what role Dubai can play in assisting in the next step in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however worldwide too, by functioning as an info and research centre, by supplying company documentation, providing legal services, facilitating networking opportunities by means of signature company events and delivering nearly every conceivable company service, it stated.

GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil development will stay strong however slow slightly. Non-oil activity will be supported by population development, new markets, and public investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector development will accelerate, offsetting in part lower oil prices; fiscal balances will be mixed, with surpluses in UAE and Qatar, however deficits persist in other places.

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SHARJAH (WAM) The GCC and larger Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies bring in funds and skill, said business leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the very first day of SEF 2026 analyzing "What Does the Next Year of Endeavor Capital Look Like", speakers concurred that the emerging local financial investment landscape appears appealing.

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Responding to a concern on local start-ups' prospects of gaining from recent financial investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have a lot going for us in the region: the low cost of energy, an extremely progressive government that is ahead in policy, guideline and information personal privacy; and actually strong universities that are increasingly looking at AI and ending up technical skill in AI."She added: "Our supreme goal is to see this area, specifically the GCC, become an AI superpower.

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

"International growth funds are being available in, which reveals clear indications of maturity of the community The ability of the UAE and regional federal governments to attract skill; their innovation-first technique, abundance of capital here as well as inflow internationally are the essential foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of handle the greatest values, with 250 "biggest ticket size" deals taped in 2025 in the country.