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Verifying the development of AI in the area, a report launched by PwC earlier this month said that the usage of AI among the workforce in the Middle East continues to increase, with 75 percent of staff members in the region using it in their tasks 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 all set to release AI responsibly, well above the 76 percent worldwide benchmark, supported by the Kingdom's information governance ecosystem, including national initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the region attractive, consisting of having more pragmatic laws to enable experimentation and development," stated the report.
Top business leaders, policymakers and investors from the GCC and Latin America just recently checked out how nations from the two areas can grow trade in between each other in Dubai, UAE.More than 500 regional and international policymakers, heads of state, CEOs, magnate, investors, and market experts participated in the very first Global Company Forum Latin America held at the Atlantis Palm - Dubai.
In 2015 the GCC made up 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 area were $5.6 billion, a statement from organisers said. Both areas depend on each other for important items.
In 2015 Latin America supplied 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 biggest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, stated a statement.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how organizations can gain from the altering patterns of worldwide demand and what function Dubai can play in helping with the next action in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however globally too, by acting as a details and research study centre, by offering company paperwork, offering legal services, helping with networking opportunities via signature service occasions and delivering almost every possible business option, it stated.
GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will stay solid but slow a little. Non-oil activity will be supported by population growth, new markets, and public investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector growth will speed up, balancing out in part lower oil costs; fiscal balances will be blended, with surpluses in UAE and Qatar, but deficits continue somewhere else.
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 federal government policies attracting funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Endeavor Capital Appear Like", speakers concurred that the emerging local financial investment landscape appears promising.
Responding to a question on regional startups' prospects of benefiting from recent investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have a lot going for us in the area: the low expense of energy, an extremely progressive government that is ahead in policy, guideline and information privacy; and truly strong educational institutions that are increasingly taking a look at AI and ending up technical talent in AI."She added: "Our supreme goal is to see this region, particularly the GCC, end up being an AI superpower.
Our greatest motorist right now is investing in skill, due to the fact that in the AI race, it's the technical skill that really wins.
"International development funds are being available in, which reveals clear signs of maturity of the ecosystem The capability of the UAE and local governments to draw in skill; their innovation-first approach, abundance of capital here as well as inflow worldwide are the crucial structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of deals with the highest worths, with 250 "largest ticket size" deals taped in 2025 in the country.
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