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Affirming the growth of AI in the region, a report launched by PwC previously this month said that the use of AI amongst the workforce in the Middle East continues to increase, with 75 percent of staff members in the region using it in their jobs over the past 12 months.

In November, a report released 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 release AI properly, well above the 76 percent international benchmark, supported by the Kingdom's information 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 appealing, including having more pragmatic laws to enable for experimentation and growth," said the report.

Top organization leaders, policymakers and financiers from the GCC and Latin America just recently explored how countries from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, presidents, CEOs, service leaders, investors, and industry experts went to the first Global Service 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 statement from organisers stated. Both regions count on each other for necessary products.

In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it added. Brazil is without a doubt the largest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (generally poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, said a declaration.

The forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how services can gain from the altering patterns of worldwide demand and what role Dubai can play in helping with the next step in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but worldwide too, by serving as an info and research study centre, by providing company documents, providing legal services, facilitating networking opportunities by means of signature company occasions and providing practically every possible organization option, it stated.

GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will remain solid but sluggish slightly. Non-oil activity will be supported by population development, brand-new markets, and public investment; inflation will remain soft, while monetary policy will loosen up. Hydrocarbons sector development will accelerate, balancing out in part lower oil prices; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits continue somewhere else.

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

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Reacting to a question on local start-ups' prospects of gaining from current financial investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have so much choosing us in the area: the low cost of energy, a very progressive government that is ahead in policy, regulation and data privacy; and really strong instructional institutions that are significantly taking a look at AI and ending up technical talent in AI."She added: "Our supreme objective is to see this region, specifically the GCC, become an AI superpower.

Our biggest driver right now is investing in skill, since in the AI race, it's the technical talent that actually wins."Focusing on the appearance of the area for financiers, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I think we are extremely lucky to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for financial investment in the region.

"International development funds are being available in, which reveals clear indications of maturity of the ecosystem The capability of the UAE and local federal governments to draw in talent; their innovation-first approach, abundance of capital here as well as inflow worldwide are the crucial structure blocks."Paula Tavangar, Chief Financial 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 taped in 2025 in the nation.