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Affirming the growth of AI in the area, a report launched by PwC previously this month said that the usage of AI among the workforce in the Middle East continues to increase, with 75 percent of employees in the area using it in their jobs over the previous 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the country are prepared to release AI properly, well above the 76 percent international standard, supported by the Kingdom's data governance ecosystem, including national initiatives led by the Saudi Data and Expert System Authority.

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

Top business leaders, policymakers and investors from the GCC and Latin America recently explored how nations from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 regional and international policymakers, presidents, CEOs, service leaders, investors, and market experts participated in the first Global Organization 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 items from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers said. Both areas depend on each other for necessary products.

In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the area's total sugar imports, it included. Brazil is by far the biggest trading partner for countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, said a statement.

The forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how businesses can benefit from the altering patterns of international demand and what role Dubai can play in facilitating the next action in organization relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however globally too, by serving as an info and research study centre, by providing business paperwork, using legal services, helping with networking opportunities via signature company events and providing nearly every conceivable business option, it stated.

GCC growth will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will stay solid however slow slightly. Non-oil activity will be supported by population development, new industries, and public financial investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector growth will speed up, balancing out in part lower oil prices; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits persist somewhere else.

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SHARJAH (WAM) The GCC and broader Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies attracting funds and talent, stated company leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the very first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging regional financial investment landscape appears promising.

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Reacting to a concern on regional start-ups' prospects of taking advantage of recent investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have a lot going for us in the area: the low cost of energy, a very progressive federal government that is ahead in policy, policy and information privacy; and actually strong universities that are progressively looking at AI and turning out technical talent in AI."She included: "Our ultimate goal is to see this area, particularly the GCC, end up being an AI superpower.

Our greatest motorist today is buying skill, because in the AI race, it's the technical talent that actually wins."Focusing on the appearance of the area for investors, Christos Mastoras, Creator and Managing Partner of Iliad Partners, said: "I think we are really lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for financial investment in the region.

"International growth funds are coming in, which shows clear indications of maturity of the environment The ability of the UAE and local federal governments to draw in talent; their innovation-first technique, abundance of capital here as well as inflow internationally are the crucial structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of handle the greatest worths, with 250 "largest ticket size" offers tape-recorded in 2025 in the country.