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Verifying the growth of AI in the area, a report launched by PwC earlier this month stated that the usage of AI among the workforce in the Middle East continues to rise, with 75 percent of workers in the region utilizing it in their jobs over the previous 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's development in the technology sector and said that 84 percent of CEOs in the country are ready to deploy AI responsibly, well above the 76 percent international criteria, supported by the Kingdom's data governance environment, including nationwide initiatives led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the area attractive, consisting of having more pragmatic laws to permit experimentation and growth," stated the report.
Comparing Innovative Models Against Traditional BusinessTop magnate, policymakers and investors from the GCC and Latin America just recently explored how nations from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 regional and international policymakers, presidents, CEOs, magnate, financiers, and market experts went to the first Global Service 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 products from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers said. Both areas count on each other for essential products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the region's total sugar imports, it added. Brazil is by far the biggest trading partner for countries in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, said a declaration.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how organizations can take advantage of the altering patterns of global need and what function 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 worldwide too, by acting as an info and research centre, by offering company paperwork, using legal services, facilitating networking opportunities through signature service occasions and providing almost every imaginable service option, it mentioned.
GCC growth will enhance in 2026, led by faster growth in hydrocarbons; non-oil development will remain strong however sluggish slightly. Non-oil activity will be supported by population development, brand-new markets, and public investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector development will accelerate, balancing out in part lower oil rates; financial balances will be mixed, with surpluses in UAE and Qatar, however deficits persist in other places.
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 attracting funds and talent, stated organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Endeavor Capital Appear Like", speakers agreed that the emerging local financial investment landscape appears promising.
Reacting to a concern on local start-ups' potential customers of taking advantage of current investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have a lot choosing us in the area: the low cost of energy, a really progressive government that is ahead in policy, regulation and data privacy; and actually strong educational institutions that are increasingly taking a look at AI and turning out technical skill in AI."She included: "Our supreme goal is to see this region, particularly the GCC, become an AI superpower.
Our most significant chauffeur today is buying skill, due to the fact that in the AI race, it's the technical talent that really wins."Concentrating on the appearance of the region for financiers, Christos Mastoras, Creator and Handling Partner of Iliad Partners, said: "I believe we are very lucky to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for financial investment in the region.
"International growth funds are coming in, which shows clear indications of maturity of the community The ability of the UAE and regional governments to bring in skill; their innovation-first technique, abundance of capital here in addition to inflow globally are the key foundation."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" offers taped in 2025 in the nation.
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