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Affirming the development of AI in the area, 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 employees in the region utilizing it in their tasks over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the technology sector and stated that 84 percent of CEOs in the country are prepared to deploy AI properly, well above the 76 percent international benchmark, supported by the Kingdom's information governance community, including nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the region attractive, including having more pragmatic laws to enable experimentation and growth," stated the report.
Browsing the Legal Nuances of Qatar's Economic sector DevelopmentLeading magnate, policymakers and financiers from the GCC and Latin America recently explored how countries from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, presidents, CEOs, service leaders, financiers, and market experts participated in the very first Global Service 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 items from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers stated. Both areas depend on each other for necessary items.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent of the region's overall sugar imports, it added. Brazil is without a doubt the largest trading partner for countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, said a statement.
The forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how businesses can take advantage of the changing patterns of international demand and what role Dubai can play in helping with the next step in organization relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by functioning as a details and research centre, by providing organization documents, offering legal services, facilitating networking opportunities through signature service events and providing nearly every imaginable organization option, it specified.
GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong however sluggish slightly. Non-oil activity will be supported by population growth, new markets, and public financial investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector development will accelerate, offsetting in part lower oil prices; fiscal balances will be blended, with surpluses in UAE and Qatar, however 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, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Look Like", speakers concurred that the emerging regional financial investment landscape appears appealing.
Reacting to a question on local startups' potential customers of benefiting from current financial investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have a lot opting for us in the area: the low cost of energy, a really progressive government that is ahead in policy, guideline and information privacy; and truly strong educational institutions that are increasingly taking a look at AI and ending up technical skill in AI."She included: "Our ultimate goal is to see this region, particularly the GCC, become an AI superpower.
Our greatest motorist right now is investing in skill, since in the AI race, it's the technical talent that really wins.
"International development funds are being available in, which shows clear indications of maturity of the ecosystem The ability of the UAE and regional governments to bring in talent; their innovation-first approach, abundance of capital here along with inflow globally are the crucial foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of deals with the greatest worths, with 250 "biggest ticket size" offers recorded in 2025 in the nation.
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