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Verifying the development of AI in the area, a report released by PwC previously this month stated that the usage of AI among the workforce in the Middle East continues to rise, with 75 percent of employees in the region 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 said that 84 percent of CEOs in the country are all set to release AI responsibly, well above the 76 percent global benchmark, supported by the Kingdom's information governance ecosystem, including national initiatives led by the Saudi Data and Expert System Authority.

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

Top company leaders, policymakers and financiers from the GCC and Latin America just recently explored how nations from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, magnate, investors, and market professionals went to the first Global Business Forum Latin America held at the Atlantis Palm - Dubai.

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In 2015 the GCC made up 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 rely on each other for necessary products.

In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it added. Brazil is by far the largest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, said a statement.

The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how services can gain from the altering patterns of worldwide demand and what function 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 however internationally too, by acting as an information and research centre, by supplying organization paperwork, using legal services, assisting in networking chances through signature business events and providing practically every conceivable company service, it mentioned.

GCC development will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay solid however 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. Hydrocarbons sector development will speed up, balancing out in part lower oil prices; financial balances will be mixed, with surpluses in UAE and Qatar, but deficits continue in other places.

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SHARJAH (WAM) The GCC and broader Middle East area 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, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Look Like", speakers concurred that the emerging local investment landscape appears promising.

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Reacting to a question on regional startups' prospects of gaining from recent investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have so much choosing us in the area: the low expense of energy, a very progressive federal government that is ahead in policy, policy and data privacy; and really strong universities that are increasingly taking a look at AI and ending up technical talent in AI."She added: "Our ultimate goal is to see this area, particularly the GCC, become an AI superpower.

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

"International development funds are coming in, which reveals clear signs of maturity of the community The capability of the UAE and regional governments to attract skill; their innovation-first technique, abundance of capital here in addition to inflow worldwide are the essential foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the number of deals with the highest values, with 250 "biggest ticket size" deals taped in 2025 in the country.