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Verifying the development of AI in the region, a report released by PwC earlier this month stated that the usage of AI among the labor force in the Middle East continues to rise, with 75 percent of workers in the region using it in their jobs over the previous 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's development 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 worldwide benchmark, supported by the Kingdom's information governance ecosystem, including nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the region attractive, consisting of having more pragmatic laws to permit experimentation and development," said the report.
Leading company leaders, policymakers and investors from the GCC and Latin America recently explored how nations from the two regions can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, magnate, investors, and industry experts participated in the first Global Company 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 products from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers stated. Both areas rely on each other for essential items.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it added. Brazil is by far the biggest trading partner for countries 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 declaration.
The forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how organizations can take advantage of the changing patterns of global need and what function Dubai can play in assisting in the next step in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but globally too, by functioning as an info and research centre, by supplying business paperwork, offering legal services, facilitating networking opportunities through signature company events and providing almost every possible service solution, it specified.
GCC growth will enhance in 2026, led by faster growth in hydrocarbons; non-oil growth will remain strong however slow somewhat. 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 development will speed up, balancing out in part lower oil prices; fiscal balances will be mixed, with surpluses in UAE and Qatar, but deficits continue 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 government policies bring in funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the very first day of SEF 2026 analyzing "What Does the Next Year of Endeavor Capital Look Like", speakers concurred that the emerging local financial investment landscape appears promising.
Reviewing 2026 GCC Research for Future InsightsResponding to a concern on regional start-ups' potential customers of taking advantage of recent financial investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have so much opting for us in the region: the low expense of energy, a very progressive government that is ahead in policy, guideline and information personal privacy; and really strong academic organizations that are progressively looking at AI and turning out technical skill in AI."She included: "Our ultimate goal is to see this area, particularly the GCC, end up being an AI superpower.
Our most significant chauffeur right now is investing in skill, due to the fact that in the AI race, it's the technical talent that truly wins.
"International development funds are being available in, which shows clear signs of maturity of the ecosystem The ability of the UAE and regional governments to draw in talent; their innovation-first technique, abundance of capital here as well as inflow worldwide are the crucial building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of handle the highest values, with 250 "largest ticket size" offers taped in 2025 in the nation.
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