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Verifying the development of AI in the region, a report released by PwC previously this month said that the usage of AI amongst the labor force in the Middle East continues to increase, with 75 percent of staff members 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 innovation sector and stated that 84 percent of CEOs in the country are ready to release AI properly, well above the 76 percent global criteria, supported by the Kingdom's data governance environment, including nationwide initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the area attractive, including having more pragmatic laws to enable experimentation and growth," stated the report.
Top magnate, policymakers and investors from the GCC and Latin America recently checked out how nations from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, magnate, financiers, and market specialists went to the first Global Business 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 items from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers said. Both areas count on each other for important items.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it included. Brazil is without a doubt the largest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, stated a statement.
The online forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how companies can benefit from the altering patterns of worldwide demand and what function Dubai can play in facilitating the next action in organization 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 centre, by offering business paperwork, providing legal services, helping with networking chances by means of signature service events and providing practically every conceivable organization solution, it specified.
GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay solid however sluggish slightly. Non-oil activity will be supported by population growth, new industries, and public investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector growth will speed up, balancing out in part lower oil costs; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits persist somewhere else.
SHARJAH (WAM) The GCC and broader Middle East region is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies drawing in funds and skill, said company leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Look Like", speakers agreed that the emerging regional financial investment landscape appears promising.
Responding to a concern on local startups' prospects of benefiting from current investments in digital infrastructure, Tala Al Jabri, Creator and Managing 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 data privacy; and truly strong universities that are significantly looking at AI and turning out technical skill in AI."She added: "Our supreme goal is to see this area, specifically the GCC, become an AI superpower.
Our biggest driver today is investing in talent, due to the fact that in the AI race, it's the technical skill that truly wins."Focusing on the appearance of the region for financiers, Christos Mastoras, Founder and Managing Partner of Iliad Partners, stated: "I believe we are really lucky to onboard the three biggest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International development funds are can be found in, which reveals clear signs of maturity of the environment The ability of the UAE and local federal governments to draw in skill; their innovation-first approach, abundance of capital here along with inflow worldwide are the key structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of handle the highest values, with 250 "biggest ticket size" offers recorded in 2025 in the nation.
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