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Verifying the development of AI in the region, a report released by PwC previously this month said that the usage of AI among the workforce in the Middle East continues to increase, 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 stated that 84 percent of CEOs in the nation are prepared to release AI responsibly, well above the 76 percent global criteria, supported by the Kingdom's data governance ecosystem, consisting of 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 enable for experimentation and growth," said the report.
Leading magnate, policymakers and investors from the GCC and Latin America just recently checked out 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, magnate, financiers, and industry experts attended the first Global Organization Forum Latin America held at the Atlantis Palm - Dubai.
In 2015 the GCC made up of the UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia, imported $11 billion worth of items from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both regions depend on each other for vital 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 largest trading partner for countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for cars and Chile for wood items, said a statement.
The forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how companies can gain from the changing patterns of global demand and what function Dubai can play in assisting in the next action in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but internationally too, by acting as a details and research centre, by offering business paperwork, providing legal services, helping with networking chances by means of signature service occasions and providing almost every possible service service, it specified.
GCC growth will enhance 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 costs; fiscal balances will be blended, with surpluses in UAE and Qatar, however deficits persist somewhere else.
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 attracting funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the very first day of SEF 2026 analyzing "What Does the Next Year of Endeavor Capital Appear Like", speakers agreed that the emerging local investment landscape appears appealing.
Industrial Excellence: a Key Driver for Regional Success
Reacting to a question on local startups' prospects of benefiting 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, a very progressive government that is ahead in policy, guideline and data personal privacy; and really strong educational organizations that are significantly taking a look at AI and turning out technical talent in AI."She added: "Our supreme objective is to see this area, particularly the GCC, become an AI superpower.
Our biggest chauffeur right now is buying skill, since in the AI race, it's the technical skill that really wins."Focusing on the attractiveness of the region for financiers, Christos Mastoras, Creator and Managing Partner of Iliad Partners, said: "I think we are very fortunate to onboard the three biggest banks of Greece as LPs [Limited Partners] for investment in the region.
"International development funds are coming in, which shows clear signs of maturity of the community The capability of the UAE and regional governments to draw in skill; their innovation-first method, abundance of capital here in addition to inflow internationally are the key structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of handle the greatest values, with 250 "biggest ticket size" offers tape-recorded in 2025 in the nation.
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