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Affirming the growth of AI in the region, a report launched by PwC previously this month stated that the usage of AI among the workforce in the Middle East continues to increase, with 75 percent of workers in the region utilizing it in their tasks over the previous 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the innovation sector and stated that 84 percent of CEOs in the country are prepared to release AI responsibly, well above the 76 percent international benchmark, supported by the Kingdom's data governance ecosystem, including national initiatives led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the region attractive, consisting of having more pragmatic laws to permit for experimentation and growth," stated the report.
Top magnate, policymakers and financiers from the GCC and Latin America just recently explored how nations from the two areas can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, heads of state, CEOs, organization leaders, investors, and market professionals participated in the first Global Service 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers stated. Both regions depend on each other for necessary items.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 per cent of the area's total sugar imports, it included. Brazil is without a doubt the largest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, stated a statement.
The online forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how organizations can take advantage of the altering patterns of international need and what role Dubai can play in facilitating the next step in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however globally too, by functioning as an info and research study centre, by offering organization paperwork, providing legal services, facilitating networking chances by means of signature organization occasions and providing nearly every imaginable service service, it stated.
GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay strong but sluggish somewhat. Non-oil activity will be supported by population growth, new industries, and public financial investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector development will accelerate, balancing out in part lower oil rates; 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 financial investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies drawing in funds and skill, stated business leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 examining "What Does the Next Year of Equity Capital Look Like", speakers agreed that the emerging regional financial investment landscape appears promising.
Navigating the Next Middle East Corporate LandscapeResponding to a question on local start-ups' potential customers of taking advantage of recent financial investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have so much going for us in the region: the low expense of energy, an extremely progressive government that is ahead in policy, guideline and data personal privacy; and really strong academic organizations that are progressively looking at AI and ending up technical skill in AI."She added: "Our supreme objective is to see this area, specifically the GCC, end up being an AI superpower.
Our greatest chauffeur right now is investing in talent, due to the fact that in the AI race, it's the technical skill that actually wins.
"International growth funds are coming in, which reveals clear indications of maturity of the community The ability of the UAE and regional federal governments to bring in skill; their innovation-first technique, abundance of capital here in addition to inflow worldwide are the crucial foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of deals with the greatest values, with 250 "biggest ticket size" deals recorded in 2025 in the nation.
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