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Verifying the growth of AI in the region, a report released by PwC earlier 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 region utilizing it in their tasks over the previous 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the innovation sector and stated that 84 percent of CEOs in the nation are prepared to deploy AI properly, well above the 76 percent international criteria, supported by the Kingdom's data governance ecosystem, consisting of national efforts led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the region attractive, including having more practical laws to enable experimentation and growth," stated the report.
Top service leaders, policymakers and investors from the GCC and Latin America recently explored how countries from the two regions can grow trade between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, company leaders, investors, and market specialists went to the very first Global Business 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 products from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers said. Both areas rely on each other for important items.
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 by far the biggest trading partner for countries in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for cars and Chile for wood products, said a declaration.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how businesses can benefit from the changing patterns of global need and what function Dubai can play in helping with the next action in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by acting as an information and research centre, by supplying business paperwork, providing legal services, assisting in networking opportunities via signature service events and delivering almost every imaginable service solution, it specified.
GCC growth will strengthen in 2026, led by faster growth in hydrocarbons; non-oil development will stay strong but slow slightly. Non-oil activity will be supported by population growth, brand-new industries, and public financial investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector development will speed up, offsetting in part lower oil prices; fiscal balances will be combined, with surpluses in UAE and Qatar, however deficits continue elsewhere.
SHARJAH (WAM) The GCC and wider Middle East area is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused federal 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 analyzing "What Does the Next Year of Venture Capital Appear Like", speakers concurred that the emerging regional investment landscape appears promising.
Sustainable Dubai Industrial Growth Patterns in 2026
Reacting to a concern on regional startups' prospects of gaining from recent investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have a lot choosing us in the region: the low expense of energy, an extremely progressive federal government that is ahead in policy, regulation and data personal privacy; and actually strong academic organizations that are increasingly looking at AI and turning out technical skill in AI."She added: "Our ultimate goal is to see this region, specifically the GCC, end up being an AI superpower.
Our greatest driver today is investing in skill, because in the AI race, it's the technical skill that actually wins."Focusing on the beauty of the area for financiers, Christos Mastoras, Founder and Managing Partner of Iliad Partners, stated: "I think we are really lucky to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International growth funds are can be found in, which reveals clear signs of maturity of the community The capability of the UAE and regional governments to draw in talent; their innovation-first method, abundance of capital here in addition to inflow worldwide are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of offers with the greatest worths, with 250 "biggest ticket size" deals recorded in 2025 in the nation.
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