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Affirming the development of AI in the area, a report launched by PwC earlier this month said that the usage of AI among the labor force in the Middle East continues to increase, with 75 percent of workers in the area using it in their tasks over the past 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and said that 84 percent of CEOs in the nation are ready to deploy AI responsibly, well above the 76 percent international criteria, supported by the Kingdom's data governance ecosystem, consisting of national efforts led by the Saudi Data and Expert System Authority.

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

Leading magnate, policymakers and investors from the GCC and Latin America recently explored how nations from the two areas can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, heads of state, CEOs, magnate, financiers, and market specialists attended the very first Global Business 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 statement from organisers said. Both areas rely on each other for essential items.

In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent of the area's total sugar imports, it included. Brazil is without a doubt the biggest trading partner for countries in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for vehicles and Chile for wood products, said a statement.

The online forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how services can gain from the changing patterns of international need and what role Dubai can play in facilitating the next step in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but internationally too, by functioning as an information and research study centre, by supplying business paperwork, providing legal services, facilitating networking opportunities via signature business events and delivering nearly every possible company option, it specified.

GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will stay strong however sluggish slightly. Non-oil activity will be supported by population development, brand-new markets, and public financial investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector development will accelerate, balancing out in part lower oil rates; financial balances will be combined, with surpluses in UAE and Qatar, however deficits persist elsewhere.

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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 government policies bring in funds and skill, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging local financial investment landscape appears appealing.

ANSR July GCC PRs 50DR+

Reacting to a question on local startups' potential customers of taking advantage of current financial investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have a lot opting for us in the area: the low cost of energy, a really progressive government that is ahead in policy, policy and data privacy; and actually strong universities that are progressively looking at AI and turning out technical talent in AI."She added: "Our supreme objective is to see this region, particularly the GCC, become an AI superpower.

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

"International growth funds are coming in, which shows clear indications of maturity of the environment The capability of the UAE and local federal governments to attract skill; their innovation-first approach, abundance of capital here in addition to inflow globally are the key foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of handle the highest worths, with 250 "largest ticket size" offers tape-recorded in 2025 in the nation.