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Verifying the development 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 staff members in the area utilizing it in their jobs over the previous 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the country are all set to deploy AI responsibly, well above the 76 percent worldwide benchmark, supported by the Kingdom's data governance environment, including national initiatives led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are thinking holistically about how to make the region attractive, including having more practical laws to enable experimentation and development," stated the report.

Top magnate, policymakers and financiers from the GCC and Latin America recently explored how countries from the two regions can grow trade in between each other in Dubai, UAE.More than 500 local and worldwide policymakers, presidents, CEOs, magnate, financiers, and market specialists participated in the very first Global Business Forum Latin America held at the Atlantis Palm - Dubai.

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In 2015 the GCC comprised 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 count on each other for vital items.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it added. Brazil is without a doubt the biggest trading partner for countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, said a statement.

The online forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how companies can gain from the changing patterns of international need and what role Dubai can play in facilitating the next action 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 centre, by supplying business documentation, offering legal services, assisting in networking opportunities by means of signature company events and providing almost every imaginable business service, it specified.

GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will remain strong however slow somewhat. Non-oil activity will be supported by population growth, new industries, and public investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector development will accelerate, balancing out in part lower oil rates; fiscal balances will be mixed, with surpluses in UAE and Qatar, however deficits persist elsewhere.

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SHARJAH (WAM) The GCC and wider 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 drawing in funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the very first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Look Like", speakers agreed that the emerging local financial investment landscape appears appealing.

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Responding to a concern on regional startups' potential customers of gaining from recent financial investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have a lot choosing us in the region: the low expense of energy, a really progressive government that is ahead in policy, regulation and data privacy; and really strong universities that are progressively taking a look at AI and ending up technical talent in AI."She added: "Our ultimate objective is to see this region, specifically the GCC, end up being an AI superpower.

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

"International growth funds are coming in, which reveals clear signs of maturity of the environment The capability of the UAE and regional federal governments to attract skill; their innovation-first approach, abundance of capital here as well as inflow worldwide are the crucial 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 values, with 250 "largest ticket size" offers tape-recorded in 2025 in the nation.