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Affirming the growth of AI in the region, a report released by PwC previously this month said that the usage 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 released by KPMG highlighted Saudi Arabia's progress in the innovation sector and stated that 84 percent of CEOs in the nation are ready to release AI responsibly, well above the 76 percent worldwide criteria, supported by the Kingdom's data governance environment, including nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are believing holistically about how to make the area attractive, including having more practical laws to enable for experimentation and growth," said the report.

Leading magnate, policymakers and financiers from the GCC and Latin America just recently explored how nations from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, magnate, investors, and industry specialists participated in the 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 items from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both regions depend on each other for essential items.

In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it included. Brazil is by far the largest trading partner for countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, said a declaration.

The forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how companies can benefit from the changing patterns of worldwide demand and what function Dubai can play in facilitating the next step in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however globally too, by acting as a details and research centre, by offering business paperwork, providing legal services, facilitating networking chances via signature service events and delivering nearly every possible service service, it mentioned.

GCC growth will strengthen in 2026, led by faster growth in hydrocarbons; non-oil development will stay solid however slow slightly. Non-oil activity will be supported by population growth, brand-new industries, and public financial investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector growth will accelerate, balancing out in part lower oil prices; 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 investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies drawing in funds and skill, stated 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 agreed that the emerging regional investment landscape appears promising.

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Reacting to a question on regional startups' prospects of taking advantage of current financial investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have so much opting for us in the region: the low cost of energy, an extremely progressive government that is ahead in policy, guideline and information privacy; and really strong academic institutions that are significantly taking a look at AI and ending up technical talent in AI."She included: "Our ultimate objective is to see this region, particularly the GCC, end up being an AI superpower.

Our most significant driver today is investing in talent, because in the AI race, it's the technical talent that really wins."Focusing on the appearance of the region for investors, Christos Mastoras, Founder and Managing Partner of Iliad Partners, stated: "I believe we are very lucky to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for financial investment in the area.

"International growth funds are can be found in, which shows clear indications of maturity of the community The capability of the UAE and local governments to attract skill; their innovation-first approach, abundance of capital here as well as inflow internationally are the key structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the number of handle the highest worths, with 250 "largest ticket size" deals recorded in 2025 in the nation.