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Verifying the development of AI in the region, a report released by PwC previously 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 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 country are ready to release AI properly, well above the 76 percent global standard, supported by the Kingdom's data governance ecosystem, consisting of nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area attractive, including having more pragmatic laws to permit experimentation and development," said the report.
Leading magnate, policymakers and investors from the GCC and Latin America recently explored how countries from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 regional and international policymakers, heads of state, CEOs, magnate, investors, and market experts went to 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 products from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers stated. Both regions rely on each other for necessary products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the area's total sugar imports, it added. Brazil is by far the biggest trading partner for countries 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 lorries and Chile for wood products, said a statement.
The forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how organizations can benefit from the changing patterns of international need and what role Dubai can play in assisting in the next step in service 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 providing organization documentation, using legal services, helping with networking opportunities by means of signature company occasions and delivering nearly every possible organization solution, it stated.
GCC growth will enhance in 2026, led by faster growth in hydrocarbons; non-oil growth will remain solid but slow a little. Non-oil activity will be supported by population development, new markets, and public financial investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector growth will speed up, offsetting in part lower oil costs; fiscal balances will be mixed, with surpluses in UAE and Qatar, but deficits persist elsewhere.
SHARJAH (WAM) The GCC and larger 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 bring in funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Appear Like", speakers concurred that the emerging regional investment landscape appears promising.
Industrial Excellence: a Strategic Pillar for Regional Growth
Responding to a concern on regional start-ups' potential customers of taking advantage of recent financial investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have so much opting for us in the region: the low expense of energy, a really progressive government that is ahead in policy, policy and data personal privacy; and truly strong universities that are increasingly looking at AI and ending up technical talent in AI."She added: "Our ultimate goal is to see this region, particularly the GCC, become an AI superpower.
Our greatest driver right now is investing in skill, because in the AI race, it's the technical talent that actually wins.
"International growth funds are coming in, which reveals clear signs of maturity of the ecosystem The capability of the UAE and regional federal governments to attract skill; their innovation-first technique, abundance of capital here as well as inflow globally are the key building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of handle the highest worths, with 250 "largest ticket size" offers tape-recorded in 2025 in the country.
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