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Verifying the development of AI in the region, a report released by PwC earlier this month said that the use of AI among the labor force in the Middle East continues to rise, with 75 percent of workers in the area using it in their jobs 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 responsibly, well above the 76 percent international standard, supported by the Kingdom's information governance community, including nationwide efforts led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the region attractive, consisting of having more pragmatic laws to permit experimentation and growth," said the report.
Is Your Business Design Flexible Enough for Saudi Growth?Top business leaders, policymakers and investors from the GCC and Latin America just recently checked out how countries from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, presidents, CEOs, business leaders, financiers, and industry 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 region were $5.6 billion, a statement from organisers said. Both areas depend on each other for important items.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it included. Brazil is without a doubt the largest trading partner for nations in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for cars and Chile for wood products, said a declaration.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how services can gain from the changing patterns of international need and what role Dubai can play in helping with the next step in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however worldwide too, by serving as an info and research study centre, by offering organization documentation, using legal services, facilitating networking opportunities through signature service occasions and providing almost every conceivable business solution, it specified.
GCC growth will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will remain strong but sluggish slightly. Non-oil activity will be supported by population development, brand-new industries, and public investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector growth will accelerate, offsetting in part lower oil costs; fiscal balances will be combined, with surpluses in UAE and Qatar, however deficits continue in other places.
SHARJAH (WAM) The GCC and broader Middle East region is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies drawing in funds and skill, stated service leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging regional investment landscape appears appealing.
Can Small Firms Survive the UAE Human Capital Change?Reacting 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 said: "We have a lot choosing us in the region: the low expense of energy, a really progressive federal government that is ahead in policy, guideline and data personal privacy; and really strong educational organizations that are progressively looking at AI and ending up technical skill in AI."She included: "Our ultimate objective is to see this area, specifically the GCC, become an AI superpower.
Our greatest motorist right now is buying talent, since in the AI race, it's the technical talent that really wins."Concentrating on the attractiveness of the region for financiers, Christos Mastoras, Creator and Managing Partner of Iliad Partners, stated: "I believe we are extremely lucky to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International growth funds are coming in, which reveals clear indications of maturity of the ecosystem The capability of the UAE and regional federal governments to draw in skill; their innovation-first method, abundance of capital here along with inflow globally are the essential building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of deals with the highest worths, with 250 "largest ticket size" deals taped in 2025 in the nation.
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