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Verifying the development of AI in the region, a report released by PwC earlier this month stated that the use of AI amongst the labor force in the Middle East continues to rise, with 75 percent of employees in the area utilizing it in their jobs over the past 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 nation are prepared to deploy AI responsibly, well above the 76 percent global criteria, supported by the Kingdom's data governance environment, consisting of nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the region appealing, consisting of having more pragmatic laws to allow for experimentation and development," stated the report.
Leading business leaders, policymakers and financiers from the GCC and Latin America recently checked out how countries from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 local and international policymakers, heads of state, CEOs, magnate, financiers, and market specialists participated in the very first Global Business Online forum Latin America held at the Atlantis Palm - Dubai.
In 2015 the GCC made up 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 said. Both regions depend on each other for necessary products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it included. Brazil is without a doubt the biggest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, said a statement.
The forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how companies can take advantage of the altering patterns of international demand and what role Dubai can play in assisting in 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 functioning as an information and research centre, by providing organization documentation, offering legal services, helping with networking opportunities through signature company occasions and providing almost every conceivable organization service, it specified.
GCC development will enhance in 2026, led by faster growth in hydrocarbons; non-oil growth will stay solid however slow a little. Non-oil activity will be supported by population growth, brand-new industries, and public investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector growth will accelerate, balancing out in part lower oil costs; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits persist somewhere else.
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 drawing in funds and skill, said company leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging local investment landscape appears appealing.

Reacting to a concern on regional start-ups' prospects of gaining from current financial investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have so much choosing us in the region: the low cost of energy, a very progressive government that is ahead in policy, policy and data privacy; and truly strong universities that are progressively looking at AI and ending up technical talent in AI."She included: "Our ultimate objective is to see this area, specifically the GCC, become an AI superpower.
Our greatest motorist right now is investing in skill, due to the fact that in the AI race, it's the technical talent that actually wins.
"International growth funds are coming in, which shows clear signs of maturity of the environment The ability of the UAE and regional federal governments to bring in skill; their innovation-first technique, abundance of capital here along with inflow internationally are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of handle the highest values, with 250 "biggest ticket size" offers tape-recorded in 2025 in the country.
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