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Verifying the growth of AI in the region, a report launched by PwC previously this month stated that the use of AI amongst the workforce in the Middle East continues to rise, with 75 percent of workers in the region using it in their tasks over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the nation are ready to release AI properly, well above the 76 percent global criteria, supported by the Kingdom's information governance community, including nationwide initiatives 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 growth," said the report.
Leading company leaders, policymakers and financiers from the GCC and Latin America recently checked out how countries from the two areas can grow trade between each other in Dubai, UAE.More than 500 local and worldwide policymakers, heads of state, CEOs, magnate, investors, and market professionals participated in 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 declaration from organisers stated. Both regions count 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 region's total sugar imports, it added. Brazil is by far the biggest trading partner for countries in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for cars and Chile for wood products, stated a declaration.
The online forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how services can gain from the altering patterns of worldwide demand and what role Dubai can play in assisting in the next action in company 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 documentation, providing legal services, assisting in networking opportunities via signature company occasions and providing almost every conceivable company option, it specified.
GCC development will enhance in 2026, led by faster growth in hydrocarbons; non-oil development will remain strong but sluggish a little. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector growth will speed up, offsetting in part lower oil prices; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits persist elsewhere.
SHARJAH (WAM) The GCC and wider 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 drawing in funds and talent, said magnate 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 Venture Capital Appear Like", speakers concurred that the emerging regional financial investment landscape appears appealing.
How to Utilize Market Research for GrowthResponding to a concern on local startups' prospects of gaining from current investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have so much choosing us in the region: the low cost of energy, a very progressive government that is ahead in policy, guideline and information privacy; and really strong academic institutions that are increasingly 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 greatest motorist right now is buying talent, due to the fact that in the AI race, it's the technical talent that really wins."Concentrating on the attractiveness of the area for investors, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I think we are very lucky to onboard the 3 biggest 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 community The capability of the UAE and local federal governments to attract talent; their innovation-first method, abundance of capital here along with inflow worldwide 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 deals with the highest values, with 250 "largest ticket size" offers recorded in 2025 in the country.
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