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Affirming the growth of AI in the region, a report launched by PwC previously this month said that the use of AI amongst the workforce in the Middle East continues to increase, with 75 percent of workers in the region utilizing it in their jobs over the past 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's development in the innovation sector and said that 84 percent of CEOs in the country are all set to deploy AI responsibly, well above the 76 percent worldwide criteria, supported by the Kingdom's data governance ecosystem, including national initiatives led by the Saudi Data and Expert System Authority.

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

Leading service leaders, policymakers and financiers from the GCC and Latin America recently explored how nations from the two regions can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, service leaders, investors, and industry experts attended the very first Global Service 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 statement from organisers stated. Both regions depend on each other for necessary items.

In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it added. Brazil is by far the largest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (mainly 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 theme "Moving Synergies", checks out how organizations can benefit from the altering patterns of worldwide 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 however worldwide too, by serving as an info and research study centre, by offering organization paperwork, offering legal services, facilitating networking chances via signature business events and delivering practically every conceivable business service, it specified.

GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay strong however sluggish a little. Non-oil activity will be supported by population development, new markets, and public investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector growth will speed up, offsetting in part lower oil prices; fiscal 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 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 skill, stated service leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging regional investment landscape appears appealing.

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Reacting to a concern on regional start-ups' prospects of gaining from current financial investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have so much opting for us in the region: the low cost of energy, a very progressive federal government that is ahead in policy, regulation and information personal privacy; and actually strong academic organizations that are progressively taking a look at AI and turning out technical talent in AI."She added: "Our supreme goal is to see this region, particularly the GCC, become an AI superpower.

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

"International growth funds are can be found in, which reveals clear signs of maturity of the community The ability of the UAE and regional federal governments to draw in talent; their innovation-first approach, abundance of capital here in addition to inflow internationally are the essential building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of handle the highest worths, with 250 "largest ticket size" offers recorded in 2025 in the country.