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Affirming the development of AI in the area, a report released by PwC previously this month said that the use of AI amongst the labor force in the Middle East continues to rise, with 75 percent of staff members in the area using it in their tasks over the previous 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's development in the technology sector and said that 84 percent of CEOs in the nation are prepared to deploy AI properly, well above the 76 percent global criteria, supported by the Kingdom's information governance ecosystem, including nationwide efforts led by the Saudi Data and Expert System Authority.

Policymakers are believing holistically about how to make the region attractive, consisting of having more practical laws to permit experimentation and development," stated the report.

Leading company leaders, policymakers and financiers from the GCC and Latin America recently explored how nations from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, magnate, financiers, and market specialists attended the first Global Service Forum Latin America held at the Atlantis Palm - Dubai.

Reviewing 2026 GCC Research for Future Growth

In 2015 the GCC comprised of the UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia, imported $11 billion worth of products from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers said. Both regions count on each other for important products.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it added. Brazil is without a doubt the biggest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for cars and Chile for wood items, stated a statement.

The forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how services can gain from the altering patterns of global need and what function Dubai can play in helping with the next action in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but globally too, by functioning as a details and research study centre, by providing service documentation, offering legal services, facilitating networking chances through signature business occasions and providing practically every conceivable company option, it stated.

GCC development will enhance in 2026, led by faster growth in hydrocarbons; non-oil development will stay solid however slow a little. Non-oil activity will be supported by population development, brand-new markets, and public financial investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector development will accelerate, offsetting in part lower oil costs; financial balances will be combined, with surpluses in UAE and Qatar, however deficits persist in other places.

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SHARJAH (WAM) The GCC and larger 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 bring in funds and skill, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the first day of SEF 2026 examining "What Does the Next Year of Venture Capital Look Like", speakers agreed that the emerging regional financial investment landscape appears appealing.

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Reacting to a question on regional startups' prospects of benefiting from current financial investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have so much opting for us in the region: the low expense of energy, a very progressive federal government that is ahead in policy, policy and information privacy; and truly strong universities that are increasingly taking a look at AI and turning out technical skill in AI."She included: "Our supreme objective is to see this region, particularly the GCC, become an AI superpower.

Our greatest driver today is investing in talent, since in the AI race, it's the technical skill that truly wins."Focusing on the attractiveness of the region for financiers, Christos Mastoras, Creator and Handling Partner of Iliad Partners, stated: "I believe we are extremely lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for investment in the region.

"International development funds are can be found in, which shows clear signs of maturity of the ecosystem The capability of the UAE and regional federal governments to attract skill; their innovation-first technique, abundance of capital here as well as inflow globally are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of deals with the greatest worths, with 250 "largest ticket size" offers recorded in 2025 in the country.