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Affirming the development of AI in the region, a report launched by PwC earlier this month said that the usage of AI amongst the labor force in the Middle East continues to increase, with 75 percent of workers in the region 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 country are ready to deploy AI properly, well above the 76 percent worldwide standard, supported by the Kingdom's information governance ecosystem, including nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the region attractive, consisting of having more pragmatic laws to permit for experimentation and growth," said the report.
Top magnate, policymakers and investors from the GCC and Latin America recently explored how countries from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, presidents, CEOs, business leaders, financiers, and market professionals attended the first Global Business 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 declaration from organisers said. Both regions count on each other for important products.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the area's total sugar imports, it included. Brazil is by far the biggest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, said a declaration.
The forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how services can gain from the changing patterns of global demand and what role Dubai can play in helping with the next step in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however globally too, by functioning as a details and research centre, by supplying service documents, providing legal services, facilitating networking chances via signature company occasions and providing almost every imaginable company solution, it stated.
GCC development will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will stay strong however sluggish a little. Non-oil activity will be supported by population growth, new industries, and public financial investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector growth will accelerate, balancing out in part lower oil rates; fiscal balances will be blended, with surpluses in UAE and Qatar, however deficits persist somewhere else.
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 attracting funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging regional financial investment landscape appears appealing.
Essential Steps for Operational Excellence in DubaiReacting to a concern on local startups' prospects of taking advantage of current financial investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have a lot going for us in the area: the low expense of energy, a very progressive government that is ahead in policy, regulation and information privacy; and actually strong universities that are progressively looking at AI and turning out technical talent in AI."She added: "Our supreme objective is to see this area, specifically the GCC, end up being an AI superpower.
Our biggest motorist right now is investing in skill, due to the fact that in the AI race, it's the technical talent that truly wins.
"International growth funds are being available in, which shows clear indications of maturity of the environment The ability of the UAE and regional federal governments to attract talent; their innovation-first approach, abundance of capital here as well as inflow internationally are the crucial building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of handle the highest values, with 250 "largest ticket size" deals taped in 2025 in the nation.
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