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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 amongst the workforce in the Middle East continues to rise, with 75 percent of workers in the area using it in their jobs over the previous 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's development in the technology sector and said that 84 percent of CEOs in the nation are ready to deploy AI properly, well above the 76 percent global benchmark, supported by the Kingdom's information governance ecosystem, including national initiatives led by the Saudi Data and Expert System 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.
Top company leaders, policymakers and investors from the GCC and Latin America recently explored how nations from the two areas can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, organization leaders, financiers, and industry specialists went to the first Global Business 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 region were $5.6 billion, a declaration from organisers said. Both areas depend on each other for vital products.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the area'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 depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, stated a statement.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how businesses can gain from the altering patterns of global demand and what role Dubai can play in assisting in the next action in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by serving as an info and research study centre, by supplying organization documentation, using legal services, helping with networking opportunities via signature company occasions and delivering nearly every imaginable business option, it stated.
GCC development will enhance in 2026, led by faster growth in hydrocarbons; non-oil growth will remain solid however slow slightly. Non-oil activity will be supported by population growth, brand-new industries, and public investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector development will speed up, balancing out in part lower oil rates; financial balances will be blended, with surpluses in UAE and Qatar, however deficits continue somewhere else.
SHARJAH (WAM) The GCC and larger Middle East area is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies attracting funds and talent, stated service leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging regional investment landscape appears promising.
Reacting to a concern on local startups' potential customers of benefiting from current investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have a lot choosing us in the area: the low expense of energy, a really progressive government that is ahead in policy, policy and data privacy; and truly strong universities that are significantly looking at AI and turning out technical talent in AI."She added: "Our ultimate objective is to see this area, specifically the GCC, become an AI superpower.
Our biggest chauffeur right now is purchasing skill, because in the AI race, it's the technical skill that actually wins."Focusing on the appearance of the region for investors, Christos Mastoras, Creator and Handling Partner of Iliad Partners, stated: "I think we are really fortunate to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the region.
"International growth funds are can be found in, which reveals clear indications of maturity of the environment The capability of the UAE and regional federal governments to draw in skill; their innovation-first method, abundance of capital here as well as inflow internationally are the crucial structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the number of offers with the greatest worths, with 250 "largest ticket size" deals tape-recorded in 2025 in the nation.
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