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Affirming the growth of AI in the region, a report released by PwC earlier this month said that the use of AI among the labor force in the Middle East continues to increase, with 75 percent of workers in the area utilizing it in their tasks over the previous 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the innovation sector and stated that 84 percent of CEOs in the country are all set to deploy AI properly, well above the 76 percent international benchmark, supported by the Kingdom's data governance community, including national efforts led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the area appealing, consisting of having more pragmatic laws to enable experimentation and growth," said the report.
Leading service leaders, policymakers and financiers from the GCC and Latin America just recently checked out how countries from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, company leaders, financiers, and market experts went to the very first Global Service Online 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 declaration from organisers stated. Both regions depend on each other for vital items.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it added. Brazil is by far the largest trading partner for countries in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, said a declaration.
The forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how organizations can gain from the altering patterns of worldwide need and what function Dubai can play in assisting in the next step in organization relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by acting as a details and research study centre, by supplying organization documentation, offering legal services, helping with networking opportunities by means of signature service events and providing practically every imaginable service option, it specified.
GCC development will enhance in 2026, led by faster expansion in hydrocarbons; non-oil development will stay strong but slow 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 speed up, offsetting in part lower oil rates; financial balances will be mixed, with surpluses in UAE and Qatar, however deficits persist in other places.
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 federal government policies attracting funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging local financial investment landscape appears appealing.

Responding to a question on local start-ups' prospects of gaining from current investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have so much opting for us in the region: the low expense of energy, a very progressive federal government that is ahead in policy, guideline and data personal privacy; and truly strong universities that are progressively looking at AI and ending up technical talent in AI."She included: "Our ultimate objective is to see this region, particularly the GCC, end up being an AI superpower.
Our biggest motorist right now is investing in skill, due to the fact that in the AI race, it's the technical skill that really wins."Concentrating on the appearance of the area for financiers, Christos Mastoras, Creator and Handling Partner of Iliad Partners, stated: "I believe we are extremely fortunate to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the region.
"International development funds are coming in, which reveals clear signs of maturity of the ecosystem The capability of the UAE and local governments to draw in skill; their innovation-first approach, abundance of capital here as well as inflow worldwide 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 handle the highest worths, with 250 "biggest ticket size" deals recorded in 2025 in the country.
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