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Affirming the growth of AI in the area, a report launched by PwC earlier this month said that the use of AI among the workforce in the Middle East continues to rise, with 75 percent of employees in the area using it in their tasks over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the technology sector and stated that 84 percent of CEOs in the nation are prepared to deploy AI responsibly, well above the 76 percent global criteria, supported by the Kingdom's information governance community, consisting of national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the region attractive, consisting of having more practical laws to allow for experimentation and development," said the report.
Top business leaders, policymakers and financiers from the GCC and Latin America just recently checked out how countries from the two regions can grow trade in between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, magnate, financiers, and industry specialists participated in the first Global Service 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 products from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers stated. Both areas depend on each other for important products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the area's total sugar imports, it added. Brazil is by far the largest trading partner for countries in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for cars 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 businesses can take advantage of the altering patterns of global demand and what function Dubai can play in assisting in the next action in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by functioning as a details and research study centre, by offering business documentation, providing legal services, helping with networking chances through signature business events and providing almost every imaginable company option, it mentioned.
GCC growth will enhance in 2026, led by faster growth in hydrocarbons; non-oil development will remain strong however slow somewhat. Non-oil activity will be supported by population growth, new industries, and public investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector development will speed up, balancing out in part lower oil costs; fiscal balances will be mixed, with surpluses in UAE and Qatar, however deficits continue 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 federal government policies drawing in funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the very first day of SEF 2026 examining "What Does the Next Year of Venture Capital Look Like", speakers agreed that the emerging local financial investment landscape appears promising.
Enterprise Agility for the Changing GCC LandscapeReacting to a question on regional startups' potential customers of taking advantage of current investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have a lot opting for us in the region: the low cost of energy, an extremely progressive government that is ahead in policy, guideline and information privacy; and actually strong academic organizations that are progressively taking a look at AI and ending up technical talent in AI."She included: "Our ultimate goal is to see this region, particularly the GCC, become an AI superpower.
Our greatest motorist right now is investing in talent, due to the fact that in the AI race, it's the technical skill that truly wins.
"International development funds are coming in, which reveals clear indications of maturity of the community The capability of the UAE and regional federal governments to draw in talent; their innovation-first technique, abundance of capital here in addition to inflow globally are the essential structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of offers with the greatest values, with 250 "biggest ticket size" deals taped in 2025 in the nation.
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