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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 among the labor force in the Middle East continues to increase, with 75 percent of staff members in the region using it in their tasks over the past 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 country are all set to deploy AI responsibly, well above the 76 percent global standard, supported by the Kingdom's data governance ecosystem, including national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area attractive, including having more practical laws to enable for experimentation and development," said the report.
The Strategic Advantages of Deep Market ResearchTop magnate, policymakers and financiers 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 international policymakers, presidents, CEOs, company leaders, investors, and industry experts went to 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers said. Both areas rely on each other for important products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it included. 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 lorries and Chile for wood items, said a statement.
The forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how companies can gain from the altering patterns of global demand and what role Dubai can play in facilitating the next action in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however globally too, by acting as an info and research study centre, by providing company paperwork, using legal services, facilitating networking chances by means of signature business occasions and providing nearly every possible business solution, it mentioned.
GCC development will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong but sluggish slightly. Non-oil activity will be supported by population development, brand-new markets, and public investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector growth will speed up, balancing out in part lower oil rates; fiscal balances will be mixed, with surpluses in UAE and Qatar, but deficits continue somewhere else.
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 attracting funds and talent, stated magnate 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 Endeavor Capital Look Like", speakers concurred that the emerging regional financial investment landscape appears promising.

Reacting to a question on regional start-ups' prospects of gaining from current investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have so much going for us in the region: the low expense of energy, a really progressive federal government that is ahead in policy, regulation and information privacy; and really strong universities that are significantly looking at AI and ending up technical skill in AI."She added: "Our ultimate goal is to see this region, particularly the GCC, become an AI superpower.
Our greatest motorist today is investing in skill, due to the fact that in the AI race, it's the technical skill that actually wins."Focusing on the appearance of the region for financiers, Christos Mastoras, Founder and Handling Partner of Iliad Partners, stated: "I think we are really fortunate to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International growth funds are being available in, which shows clear signs of maturity of the community The ability of the UAE and local governments to bring in skill; their innovation-first approach, abundance of capital here along with inflow internationally are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of handle the highest worths, with 250 "largest ticket size" deals tape-recorded in 2025 in the country.
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