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Affirming the growth of AI in the area, a report released by PwC earlier this month stated that the usage of AI among the workforce in the Middle East continues to increase, with 75 percent of employees in the region utilizing it in their jobs over the past 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's development in the innovation sector and stated that 84 percent of CEOs in the country are all set to release AI properly, well above the 76 percent global criteria, supported by the Kingdom's data governance community, consisting of national initiatives led by the Saudi Data and Expert System Authority.

Policymakers are thinking holistically about how to make the area appealing, including having more pragmatic laws to permit for experimentation and development," said the report.

Top magnate, policymakers and investors 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, heads of state, CEOs, magnate, financiers, and market professionals went to the first Global Service Online 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 area were $5.6 billion, a declaration from organisers stated. Both areas depend on each other for necessary products.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it added. 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 (mainly poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, stated a declaration.

The forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how services can gain from the altering 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 serving as an information and research centre, by supplying company documents, providing legal services, facilitating networking opportunities by means of signature business occasions and delivering nearly every possible service service, it specified.

GCC development will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong however slow slightly. Non-oil activity will be supported by population development, new industries, and public financial investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector growth will accelerate, offsetting in part lower oil prices; fiscal balances will be mixed, with surpluses in UAE and Qatar, but deficits continue elsewhere.

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SHARJAH (WAM) The GCC and broader 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 attracting funds and skill, stated business leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Look Like", speakers agreed that the emerging local financial investment landscape appears promising.

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Responding to a concern on local startups' prospects of taking advantage of recent investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have a lot choosing us in the area: the low expense of energy, a very progressive federal government that is ahead in policy, guideline and data personal privacy; and really strong academic institutions that are increasingly taking a look at AI and turning out technical skill in AI."She added: "Our ultimate goal is to see this area, specifically the GCC, end up being an AI superpower.

Our biggest chauffeur right now is purchasing talent, due to the fact that in the AI race, it's the technical skill that really wins."Focusing on the beauty of the area for investors, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I believe we are extremely fortunate to onboard the three biggest banks of Greece as LPs [Limited Partners] for investment in the area.

"International growth funds are can be found in, which reveals clear indications of maturity of the community The capability of the UAE and regional governments to attract skill; their innovation-first technique, abundance of capital here along with inflow globally are the crucial foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of handle the highest values, with 250 "largest ticket size" offers recorded in 2025 in the nation.