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Verifying 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 increase, with 75 percent of workers in the area using it in their tasks over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the country are prepared to release AI responsibly, well above the 76 percent global criteria, supported by the Kingdom's information governance community, consisting of nationwide efforts led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the region appealing, including having more practical laws to permit experimentation and growth," stated the report.
Leading magnate, policymakers and financiers from the GCC and Latin America recently explored how nations from the two areas can grow trade in between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, service leaders, investors, and industry professionals went to the first Global Service 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 area were $5.6 billion, a declaration from organisers said. Both regions count on each other for important products.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the area's total sugar imports, it included. Brazil is without a doubt the largest trading partner for nations 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 cars and Chile for wood products, said a declaration.
The online forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how businesses can gain from the altering patterns of worldwide demand and what role Dubai can play in facilitating the next action in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but internationally too, by functioning as an information and research study centre, by supplying service documents, using legal services, facilitating networking opportunities by means of signature service events and providing almost every conceivable company option, it mentioned.
GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong but slow a little. Non-oil activity will be supported by population development, brand-new markets, and public financial investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector development will speed up, offsetting in part lower oil rates; fiscal balances will be mixed, with surpluses in UAE and Qatar, however deficits continue elsewhere.
SHARJAH (WAM) The GCC and larger Middle East area is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies bring in funds and skill, said organization leaders 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 Equity Capital Appear Like", speakers concurred that the emerging local investment landscape appears appealing.
Actionable Tips for Mastering the GCC LandscapeReacting to a question on regional startups' prospects of taking advantage of recent investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have a lot choosing us in the area: the low expense of energy, an extremely progressive government that is ahead in policy, guideline and information personal privacy; and actually strong universities that are progressively looking at AI and turning out technical talent in AI."She added: "Our ultimate objective is to see this area, particularly the GCC, end up being an AI superpower.
Our greatest driver right now is investing in talent, due to the fact that in the AI race, it's the technical talent that truly wins.
"International development funds are coming in, which shows clear signs of maturity of the community The ability of the UAE and regional federal governments to bring in talent; their innovation-first method, abundance of capital here along with inflow globally are the essential building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the number of handle the highest values, with 250 "biggest ticket size" deals recorded in 2025 in the country.
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