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Verifying the development of AI in the area, a report launched 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 employees in the region utilizing it in their jobs over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the country are prepared to deploy AI responsibly, well above the 76 percent international standard, supported by the Kingdom's information governance environment, consisting of national initiatives 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 development," stated the report.
Leading magnate, policymakers and investors from the GCC and Latin America just recently checked out how countries from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, magnate, investors, and industry professionals participated in the very first Global Company 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 stated. Both regions count on each other for necessary products.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it included. Brazil is by far the biggest trading partner for nations 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 lorries and Chile for wood items, said a statement.
The forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how services can benefit from the changing patterns of international demand and what role Dubai can play in assisting in the next action in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however worldwide too, by functioning as an information and research centre, by offering organization paperwork, offering legal services, assisting in networking opportunities via signature business events and delivering almost every conceivable service option, it mentioned.
GCC development will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong however slow a little. Non-oil activity will be supported by population development, new markets, and public financial investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector growth will accelerate, balancing out in part lower oil costs; fiscal balances will be blended, with surpluses in UAE and Qatar, however deficits continue somewhere else.
SHARJAH (WAM) The GCC and wider Middle East area is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies drawing in funds and skill, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the first day of SEF 2026 examining "What Does the Next Year of Equity Capital Look Like", speakers agreed that the emerging regional financial investment landscape appears promising.
How Is Business Excellence Vital for Future Expansion?Reacting to a concern on regional startups' potential customers of taking advantage of recent financial investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have so much going for us in the area: the low expense of energy, an extremely progressive federal government that is ahead in policy, policy and information privacy; and actually strong instructional organizations that are significantly looking at AI and turning out technical talent in AI."She included: "Our supreme objective is to see this area, particularly the GCC, end up being an AI superpower.
Our most significant driver today is purchasing skill, due to the fact that in the AI race, it's the technical talent that really wins."Focusing on the appearance of the region for investors, Christos Mastoras, Founder and Handling Partner of Iliad Partners, stated: "I believe we are extremely fortunate to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for investment in the area.
"International development funds are coming in, which shows clear signs of maturity of the environment The ability of the UAE and regional federal governments to bring in talent; their innovation-first method, abundance of capital here along with inflow worldwide are the essential structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of offers with the highest values, with 250 "biggest ticket size" deals tape-recorded in 2025 in the nation.
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