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Verifying the development of AI in the region, a report launched by PwC previously this month stated that the usage of AI amongst the workforce in the Middle East continues to rise, with 75 percent of workers in the area utilizing it in their jobs over the past 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's progress in the innovation sector and stated that 84 percent of CEOs in the nation are all set to deploy AI responsibly, well above the 76 percent international standard, supported by the Kingdom's data governance environment, including national initiatives led by the Saudi Data and Expert System Authority.

Policymakers are believing holistically about how to make the area appealing, consisting of having more pragmatic laws to enable experimentation and development," stated the report.

Top magnate, policymakers and financiers from the GCC and Latin America just recently checked out how countries from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, heads of state, CEOs, magnate, investors, and industry experts participated in the very first Global Business 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers said. Both regions count on each other for essential products.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the region's overall sugar imports, it added. Brazil is without a doubt the largest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, said a statement.

The forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how services can take advantage of the changing patterns of global need and what function Dubai can play in assisting in the next step in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however globally too, by functioning as an info and research centre, by offering organization paperwork, providing legal services, assisting in networking chances through signature organization events and providing nearly every conceivable company option, it stated.

GCC development will reinforce in 2026, led by faster growth in hydrocarbons; non-oil development will stay strong however sluggish a little. 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, offsetting in part lower oil prices; financial balances will be combined, with surpluses in UAE and Qatar, however deficits continue elsewhere.

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SHARJAH (WAM) The GCC and broader Middle East region 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 talent, stated service leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Look Like", speakers agreed that the emerging local financial investment landscape appears promising.

ANSR July GCC PRs 50DR+

Reacting to a concern on regional startups' potential customers of gaining from recent financial investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have so much choosing us in the region: the low cost of energy, a very progressive government that is ahead in policy, guideline and data privacy; and really strong universities that are progressively 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, end up being an AI superpower.

Our greatest driver today is investing in skill, due to the fact that in the AI race, it's the technical talent that actually wins."Focusing on the beauty of the region for investors, Christos Mastoras, Founder and Handling Partner of Iliad Partners, stated: "I think we are extremely lucky to onboard the three biggest banks of Greece as LPs [Limited Partners] for financial investment in the region.

"International growth funds are coming in, which reveals clear signs of maturity of the environment The ability of the UAE and local governments to bring in skill; their innovation-first method, abundance of capital here as well as inflow globally are the crucial foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of offers with the greatest values, with 250 "largest ticket size" offers taped in 2025 in the country.