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Affirming the development of AI in the region, a report released 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 employees in the region using it in their jobs over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the innovation sector and stated that 84 percent of CEOs in the nation are ready to release AI responsibly, well above the 76 percent global benchmark, supported by the Kingdom's information governance environment, including nationwide efforts led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the area attractive, consisting of having more pragmatic laws to permit experimentation and growth," stated the report.
Top organization leaders, policymakers and investors from the GCC and Latin America just recently explored how nations from the 2 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 industry experts attended the first Global Organization Online 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 declaration from organisers stated. Both areas count on each other for vital products.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the region's overall sugar imports, it added. Brazil is by far the largest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC counts 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 "Moving Synergies", checks out how companies can take advantage of the altering patterns of global need 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 but internationally too, by serving as a details and research centre, by supplying service paperwork, providing legal services, helping with networking opportunities via signature organization occasions and providing almost every possible organization solution, it specified.
GCC development will enhance in 2026, led by faster expansion in hydrocarbons; non-oil development will remain strong but slow a little. Non-oil activity will be supported by population development, new industries, and public financial investment; inflation will remain soft, while monetary policy will loosen up. Hydrocarbons sector growth will speed up, offsetting in part lower oil costs; fiscal balances will be blended, with surpluses in UAE and Qatar, however deficits continue somewhere else.
SHARJAH (WAM) The GCC and larger 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 bring in funds and skill, said business leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Equity Capital Look Like", speakers agreed that the emerging local investment landscape appears promising.
How to Deploy Advanced Strategies for 2026
Responding to a question on regional start-ups' prospects of benefiting from recent financial investments in digital infrastructure, Tala Al Jabri, Founder 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, regulation and data personal privacy; and really strong academic institutions that are progressively taking a look at AI and ending up technical skill in AI."She added: "Our supreme goal is to see this area, particularly the GCC, become an AI superpower.
Our most significant driver right now is investing in skill, since in the AI race, it's the technical talent that truly wins."Focusing on the attractiveness of the region for financiers, Christos Mastoras, Creator and Managing Partner of Iliad Partners, said: "I believe we are very lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International development funds are can be found in, which reveals clear signs of maturity of the ecosystem The capability of the UAE and local governments to bring in talent; their innovation-first technique, abundance of capital here as well as inflow internationally are the crucial building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of handle the highest worths, with 250 "biggest ticket size" offers taped in 2025 in the country.
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