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Affirming the development of AI in the area, a report released by PwC earlier this month stated that the use of AI amongst the labor force in the Middle East continues to increase, with 75 percent of workers in the region using it in their tasks over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the nation are all set to deploy AI properly, well above the 76 percent worldwide 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, including having more pragmatic laws to permit experimentation and growth," stated the report.
The Strategic Advantages of Advanced Strategy ResearchLeading service leaders, policymakers and investors from the GCC and Latin America recently explored how nations from the two regions can grow trade between each other in Dubai, UAE.More than 500 regional and global policymakers, presidents, CEOs, magnate, financiers, and industry professionals went to the very first Global Service Online 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 stated. Both regions count on each other for vital products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it added. Brazil is without a doubt the biggest 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 items, stated a declaration.
The online forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how organizations can take advantage of the altering patterns of global demand and what function Dubai can play in assisting in the next action in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however globally too, by serving as an information and research study centre, by providing service paperwork, offering legal services, assisting in networking opportunities by means of signature business occasions and delivering almost every conceivable organization service, it mentioned.
GCC development will strengthen in 2026, led by faster growth in hydrocarbons; non-oil development will stay strong however sluggish a little. Non-oil activity will be supported by population development, brand-new markets, and public financial investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector development will accelerate, offsetting in part lower oil prices; financial balances will be blended, with surpluses in UAE and Qatar, but deficits continue in other places.
SHARJAH (WAM) The GCC and larger 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 magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the very first day of SEF 2026 taking a look at "What Does the Next Year of Endeavor Capital Look Like", speakers agreed that the emerging regional financial investment landscape appears appealing.
Responding to a question on local start-ups' prospects of gaining from current investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have so much choosing us in the area: the low cost of energy, an extremely progressive federal government that is ahead in policy, policy and information personal privacy; and actually strong universities that are progressively looking at AI and ending up technical talent in AI."She added: "Our ultimate objective is to see this area, particularly the GCC, end up being an AI superpower.
Our greatest driver today is purchasing talent, due to the fact that in the AI race, it's the technical talent that really wins."Focusing on the attractiveness of the region for financiers, Christos Mastoras, Creator and Handling Partner of Iliad Partners, stated: "I think we are very fortunate to onboard the 3 largest banks of Greece as LPs [Limited Partners] for investment in the area.
"International development funds are being available in, which shows clear signs of maturity of the environment The capability of the UAE and regional federal governments to attract talent; their innovation-first method, abundance of capital here along with inflow internationally are the key building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of offers with the greatest values, with 250 "largest ticket size" deals recorded in 2025 in the country.
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