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Verifying the development of AI in the region, a report released by PwC earlier this month stated that the usage of AI among the workforce in the Middle East continues to rise, with 75 percent of staff members in the area using it in their jobs over the past 12 months.
In November, a report released 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 international standard, supported by the Kingdom's information governance environment, including national efforts led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the area appealing, including having more practical laws to permit experimentation and development," stated the report.
Leading magnate, policymakers and financiers from the GCC and Latin America just recently checked out how nations from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 local and global policymakers, heads of state, CEOs, company leaders, investors, and market specialists attended the very first Global Service Online 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 regions count on each other for vital products.
In 2015 Latin America provided 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 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 statement.
The online forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how companies can benefit from the altering patterns of international demand and what role Dubai can play in assisting in the next action in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however globally too, by acting as a details and research study centre, by supplying company documents, using legal services, assisting in networking chances by means of signature organization occasions and delivering almost every imaginable business option, it mentioned.
GCC development will strengthen in 2026, led by faster growth in hydrocarbons; non-oil development will stay strong however sluggish a little. Non-oil activity will be supported by population development, new industries, and public financial investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector growth will accelerate, balancing out in part lower oil costs; financial balances will be combined, 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 government policies bring in funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the very first day of SEF 2026 examining "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging local investment landscape appears promising.
Why Is Operational Excellence Vital for Future Growth?
Reacting to a question on local startups' prospects of gaining from recent investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have so much choosing us in the region: the low cost of energy, an extremely progressive federal government that is ahead in policy, regulation and information privacy; and actually strong academic institutions that are significantly looking at AI and ending up technical talent in AI."She added: "Our ultimate goal is to see this region, particularly the GCC, end up being an AI superpower.
Our greatest chauffeur right now is investing in skill, because in the AI race, it's the technical skill that truly wins.
"International growth funds are can be found in, which reveals clear signs of maturity of the ecosystem The capability of the UAE and regional federal governments to attract talent; their innovation-first method, abundance of capital here as well as inflow internationally are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of handle the highest worths, with 250 "largest ticket size" offers taped in 2025 in the nation.
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