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Affirming the growth of AI in the region, a report released 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 employees in the area utilizing it in their jobs over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the innovation sector and said that 84 percent of CEOs in the country are ready to release AI responsibly, well above the 76 percent worldwide benchmark, 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 appealing, including having more practical laws to permit for experimentation and development," stated the report.
Leading service leaders, policymakers and financiers from the GCC and Latin America just recently checked out how countries from the two areas can grow trade in between each other in Dubai, UAE.More than 500 regional and international policymakers, heads of state, CEOs, service leaders, financiers, and industry professionals attended the first Global Business 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 items 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 essential items.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the region's overall sugar imports, it included. Brazil is by far the biggest trading partner for countries in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for cars and Chile for wood items, said a statement.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how services can gain from the changing patterns of international demand and what function 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 worldwide too, by functioning as an info and research study centre, by providing service paperwork, providing legal services, helping with networking opportunities by means of signature business occasions and providing almost every possible company solution, it specified.
GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will stay solid but sluggish somewhat. Non-oil activity will be supported by population growth, brand-new industries, and public financial investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector growth will speed up, balancing out in part lower oil prices; financial balances will be mixed, with surpluses in UAE and Qatar, but deficits persist 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 bring in funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Venture Capital Look Like", speakers concurred that the emerging local financial investment landscape appears promising.
The Power of Versatile Work in Retaining UAE SkillReacting to a question on local startups' prospects of benefiting from recent investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have a lot choosing us in the area: the low expense of energy, a very progressive federal government that is ahead in policy, policy and information personal privacy; and actually strong instructional institutions that are significantly looking at AI and turning out technical skill in AI."She included: "Our ultimate goal is to see this region, particularly the GCC, become an AI superpower.
Our biggest chauffeur right now is investing in talent, because in the AI race, it's the technical skill that really wins.
"International growth funds are coming in, which reveals clear indications of maturity of the community The ability of the UAE and regional federal governments to attract talent; their innovation-first method, abundance of capital here along with inflow internationally are the crucial building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of handle the greatest worths, with 250 "biggest ticket size" offers tape-recorded in 2025 in the country.
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