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Verifying the development of AI in the region, a report launched by PwC earlier this month said that the use of AI amongst the labor force in the Middle East continues to rise, with 75 percent of workers in the area utilizing it in their jobs over the past 12 months.
In November, a report launched 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 properly, well above the 76 percent worldwide criteria, supported by the Kingdom's information governance environment, including national initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the region attractive, consisting of having more practical laws to permit for experimentation and growth," said the report.
How Is Business Excellence Vital for Future Growth?Top magnate, policymakers and financiers from the GCC and Latin America recently checked out how countries from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, service leaders, investors, and market experts participated in the very first Global Company 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 region were $5.6 billion, a declaration from organisers stated. Both areas count on each other for necessary products.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it added. Brazil is without a doubt the largest trading partner for nations in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, said a statement.
The forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how companies can gain from the changing patterns of global demand and what role Dubai can play in facilitating the next action 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 centre, by offering company paperwork, providing legal services, helping with networking chances through signature organization occasions and providing practically every possible service solution, it stated.
GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will stay strong however slow somewhat. Non-oil activity will be supported by population development, brand-new markets, and public investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector growth will accelerate, offsetting in part lower oil rates; fiscal balances will be mixed, 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 financial investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies attracting funds and skill, said service leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the first day of SEF 2026 examining "What Does the Next Year of Equity Capital Look Like", speakers concurred that the emerging regional investment landscape appears appealing.

Reacting to a concern on regional startups' prospects of taking advantage of recent investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have so much opting for us in the area: the low cost of energy, a very progressive federal government that is ahead in policy, regulation and information personal privacy; and truly strong universities that are significantly taking a look at AI and ending up technical talent in AI."She added: "Our ultimate objective is to see this region, particularly the GCC, become an AI superpower.
Our biggest driver today is buying skill, due to the fact that in the AI race, it's the technical talent that truly wins."Concentrating on the beauty of the region for financiers, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I believe we are very lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International development funds are being available in, which shows clear signs of maturity of the ecosystem The capability of the UAE and regional governments to attract talent; their innovation-first approach, abundance of capital here in addition to inflow internationally are the crucial foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of handle the greatest worths, with 250 "largest ticket size" offers tape-recorded in 2025 in the nation.
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