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Verifying the growth of AI in the area, a report released by PwC previously this month stated that the usage of AI amongst the workforce in the Middle East continues to increase, with 75 percent of workers in the region using it in their jobs over the previous 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the country are ready to deploy AI responsibly, well above the 76 percent worldwide standard, supported by the Kingdom's information governance ecosystem, including national efforts led by the Saudi Data and Expert System Authority.

Policymakers are believing holistically about how to make the area attractive, including having more practical laws to allow for experimentation and development," stated the report.

Top service leaders, policymakers and financiers from the GCC and Latin America recently checked out how countries from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 local and worldwide policymakers, heads of state, CEOs, magnate, investors, and industry professionals participated in 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 region were $5.6 billion, a declaration from organisers said. Both areas count on each other for vital products.

In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the area's total sugar imports, it added. Brazil is without a doubt the largest trading partner for countries in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for cars and Chile for wood items, said a statement.

The forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how companies can benefit from the changing patterns of global need and what role Dubai can play in assisting in the next action in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by functioning as an information and research study centre, by offering service documents, using legal services, helping with networking chances by means of signature company occasions and providing nearly every possible business solution, it mentioned.

GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong however sluggish slightly. Non-oil activity will be supported by population growth, new markets, and public investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector growth will speed up, balancing out in part lower oil costs; financial balances will be mixed, with surpluses in UAE and Qatar, but deficits continue somewhere else.

How to Optimise GCC Strategy in 2026

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 talent, said organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Appear Like", speakers concurred that the emerging local financial investment landscape appears appealing.

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Reacting to a concern on regional startups' potential customers of gaining from current financial investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have a lot going for us in the region: the low expense of energy, a really progressive government that is ahead in policy, guideline and data personal privacy; and actually strong instructional organizations that are increasingly looking at AI and turning out technical skill in AI."She added: "Our supreme objective is to see this region, specifically the GCC, end up being an AI superpower.

Our most significant driver right now is investing in talent, due to the fact that in the AI race, it's the technical talent that actually wins."Focusing on the beauty of the area for investors, Christos Mastoras, Creator and Managing Partner of Iliad Partners, said: "I believe we are really fortunate to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for investment in the area.

"International growth funds are can be found in, which shows clear indications of maturity of the ecosystem The ability of the UAE and regional federal governments to attract talent; their innovation-first method, abundance of capital here along with inflow globally are the key structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of deals with the highest worths, with 250 "biggest ticket size" deals taped in 2025 in the nation.