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Affirming the development of AI in the region, a report released by PwC previously this month stated that the use of AI among the labor force in the Middle East continues to increase, with 75 percent of workers in the region utilizing it in their jobs 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 ready to release AI responsibly, well above the 76 percent international standard, supported by the Kingdom's data governance community, including nationwide efforts led by the Saudi Data and Expert System Authority.

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

Leading business leaders, policymakers and financiers from the GCC and Latin America just recently explored how nations from the two areas can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, presidents, CEOs, service leaders, financiers, and industry experts participated in the 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers stated. Both areas depend on each other for essential items.

In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent of the region's overall sugar imports, it included. Brazil is without a doubt the largest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, said a declaration.

The forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how services can gain from the altering patterns of international need and what function Dubai can play in assisting in the next step in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by serving as an information and research centre, by supplying organization paperwork, offering legal services, assisting in networking opportunities through signature organization events and providing nearly every possible company service, it mentioned.

GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil development will remain solid but slow somewhat. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector development will accelerate, offsetting in part lower oil rates; financial balances will be mixed, with surpluses in UAE and Qatar, but deficits continue in other places.

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SHARJAH (WAM) The GCC and larger Middle East area is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies drawing in funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the first day of SEF 2026 examining "What Does the Next Year of Venture Capital Appear Like", speakers agreed that the emerging regional investment landscape appears appealing.

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Reacting to a concern on regional start-ups' prospects of benefiting from current investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have so much opting for us in the area: the low cost of energy, an extremely progressive federal government that is ahead in policy, policy and data privacy; and actually strong academic institutions that are progressively taking a look at AI and turning out technical skill in AI."She added: "Our supreme objective is to see this region, specifically the GCC, become an AI superpower.

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"International growth funds are being available in, which shows clear signs of maturity of the community The capability of the UAE and local federal governments to attract talent; their innovation-first technique, abundance of capital here in addition to inflow globally are the crucial structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of deals with the highest values, with 250 "biggest ticket size" offers taped in 2025 in the country.