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Verifying the development of AI in the area, a report launched by PwC earlier this month said that the usage of AI amongst the workforce in the Middle East continues to increase, with 75 percent of workers in the area using it in their jobs over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the country are prepared to release AI properly, well above the 76 percent international criteria, supported by the Kingdom's information governance ecosystem, consisting of national efforts led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the region appealing, consisting of having more pragmatic laws to enable experimentation and development," stated the report.
Leading business leaders, policymakers and financiers from the GCC and Latin America just recently explored how nations from the two areas can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, presidents, CEOs, magnate, investors, and market professionals participated in the very first Global Organization 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers said. Both regions count on each other for essential products.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the area's total 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 (mainly poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, said a declaration.
The online forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how services can take advantage of the altering patterns of worldwide need and what role Dubai can play in facilitating the next action in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however globally too, by functioning as an information and research study centre, by offering company documents, providing legal services, facilitating networking opportunities via signature organization events and delivering almost every imaginable organization option, it specified.
GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will stay strong but sluggish a little. Non-oil activity will be supported by population development, new industries, and public investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector growth will accelerate, offsetting in part lower oil prices; fiscal balances will be blended, with surpluses in UAE and Qatar, but deficits persist in other places.
SHARJAH (WAM) The GCC and wider Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies bring in funds and skill, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Look Like", speakers agreed that the emerging local financial investment landscape appears appealing.
Is Your Shared Service Center Truly Including Worth?Reacting to a question on regional startups' potential customers of taking advantage of current financial investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have so much opting for us in the area: the low cost of energy, an extremely progressive government that is ahead in policy, guideline and data privacy; and truly strong instructional organizations that are progressively taking a look at AI and turning out technical talent in AI."She included: "Our ultimate objective is to see this area, specifically the GCC, become an AI superpower.
Our greatest chauffeur today is investing in skill, since in the AI race, it's the technical skill that actually wins."Concentrating on the attractiveness of the area for investors, Christos Mastoras, Founder and Handling Partner of Iliad Partners, stated: "I believe we are extremely lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the region.
"International growth funds are being available in, which shows clear signs of maturity of the environment The capability of the UAE and local federal governments to attract skill; their innovation-first approach, abundance of capital here along with inflow worldwide are the essential foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of handle the greatest values, with 250 "largest ticket size" deals recorded in 2025 in the country.
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