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Affirming the development of AI in the area, a report launched by PwC previously this month stated that the use of AI amongst the workforce in the Middle East continues to rise, with 75 percent of employees in the area using it in their jobs over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and said that 84 percent of CEOs in the country are ready to release AI properly, well above the 76 percent worldwide criteria, supported by the Kingdom's information governance environment, including national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the region appealing, including having more practical laws to enable experimentation and growth," stated the report.
Why Future-Focused Strategy Reshapes the Regional EconomyTop magnate, policymakers and investors from the GCC and Latin America just recently checked out how countries from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, magnate, investors, and industry experts went to the very first Global Company Forum Latin America held at the Atlantis Palm - Dubai.
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 provided nearly half the meat imports into the GCC and 36 percent of the region's total sugar imports, it included. Brazil is without a doubt the biggest trading partner for countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, stated a declaration.
The online forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how services can benefit from the altering patterns of global need and what role Dubai can play in helping with the next step in organization relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however worldwide too, by acting as an information and research centre, by supplying organization documents, using legal services, helping with networking opportunities by means of signature organization events and providing almost every conceivable service option, it mentioned.
GCC development will strengthen in 2026, led by faster growth in hydrocarbons; non-oil growth will stay solid however sluggish somewhat. Non-oil activity will be supported by population development, new markets, and public financial investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector development will speed up, offsetting in part lower oil rates; financial balances will be combined, with surpluses in UAE and Qatar, but deficits persist somewhere else.
SHARJAH (WAM) The GCC and larger Middle East area is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies drawing in funds and skill, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Look Like", speakers concurred that the emerging local investment landscape appears appealing.
Why Future-Focused Strategy Reshapes the Regional EconomyResponding to a concern on regional startups' prospects of taking advantage of current investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have a lot going for us in the area: the low cost of energy, an extremely progressive government that is ahead in policy, regulation and data privacy; and actually strong instructional institutions that are progressively taking a look at AI and turning out technical skill in AI."She included: "Our ultimate goal is to see this region, particularly the GCC, become an AI superpower.
Our biggest motorist right now is purchasing talent, because in the AI race, it's the technical skill that truly wins."Focusing on the attractiveness of the area for investors, Christos Mastoras, Creator and Handling Partner of Iliad Partners, said: "I think we are extremely lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the region.
"International development funds are being available in, which shows clear indications of maturity of the environment The ability of the UAE and local governments to draw in skill; their innovation-first method, abundance of capital here along with inflow worldwide are the key foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of handle the greatest values, with 250 "biggest ticket size" deals taped in 2025 in the nation.
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