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Affirming the development of AI in the region, a report launched by PwC previously this month stated that the use of AI amongst the labor force in the Middle East continues to rise, with 75 percent of staff members in the area utilizing it in their jobs over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the technology sector and stated that 84 percent of CEOs in the country are ready to release AI properly, well above the 76 percent worldwide benchmark, supported by the Kingdom's data governance ecosystem, 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 experimentation and growth," said the report.
Boosting Dubai Industrial Growth StrategiesTop magnate, policymakers and investors from the GCC and Latin America recently checked out how nations from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 local and global policymakers, presidents, CEOs, magnate, financiers, and industry professionals participated in the very 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 region were $5.6 billion, a declaration from organisers stated. Both regions depend on each other for necessary products.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the region's overall sugar imports, it added. Brazil is by far the largest trading partner for countries in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (generally poultry), Argentina for cereals, Mexico for cars and Chile for wood items, stated a statement.
The forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how organizations can take advantage of the changing patterns of international need and what role Dubai can play in helping with the next step in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however worldwide too, by acting as a details and research study centre, by offering organization paperwork, providing legal services, assisting in networking chances by means of signature organization events and delivering almost every imaginable business solution, it mentioned.
GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong however sluggish somewhat. Non-oil activity will be supported by population development, new markets, and public investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector development will accelerate, offsetting in part lower oil prices; fiscal balances will be mixed, with surpluses in UAE and Qatar, but deficits continue somewhere else.
SHARJAH (WAM) The GCC and broader Middle East area is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies bring in funds and skill, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the very first day of SEF 2026 examining "What Does the Next Year of Endeavor Capital Look Like", speakers agreed that the emerging local financial investment landscape appears appealing.
Boosting Dubai Industrial Growth Strategies
Reacting to a question on local startups' prospects of gaining from recent investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "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 universities that are increasingly looking at AI and turning out technical talent in AI."She added: "Our ultimate goal is to see this region, specifically the GCC, end up being an AI superpower.
Our biggest motorist right now is investing in talent, since in the AI race, it's the technical skill that really wins.
"International development funds are being available in, which shows clear signs of maturity of the community The ability of the UAE and regional federal governments to attract talent; their innovation-first approach, abundance of capital here along with inflow internationally are the crucial foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of offers with the highest values, with 250 "biggest ticket size" deals recorded in 2025 in the nation.
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