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Verifying the development of AI in the area, a report released by PwC previously this month stated that the usage 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 tasks over the past 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 all set to release AI responsibly, well above the 76 percent global benchmark, supported by the Kingdom's information governance community, consisting of national initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the region attractive, including having more practical laws to enable experimentation and development," stated the report.
Reviewing 2026 Market Research for Strategic InsightsTop magnate, policymakers and financiers from the GCC and Latin America just recently explored how nations from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, magnate, financiers, and market experts participated in the very first Global Organization 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers said. Both areas count on each other for necessary items.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it added. Brazil is by far the biggest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries 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 companies can take advantage of the changing patterns of international need and what function Dubai can play in assisting in 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 centre, by supplying company documentation, offering legal services, facilitating networking opportunities via signature business events and providing nearly every possible service option, it stated.
GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay solid but slow slightly. Non-oil activity will be supported by population development, brand-new markets, and public financial investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector growth will accelerate, offsetting in part lower oil rates; fiscal balances will be mixed, with surpluses in UAE and Qatar, but deficits continue in other places.
SHARJAH (WAM) The GCC and larger Middle East region 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 skill, said organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the 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 investment landscape appears appealing.
Reviewing 2026 Market Research for Strategic InsightsReacting to a concern on regional start-ups' prospects of gaining from current investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have so much going for us in the region: the low expense of energy, a very progressive federal government that is ahead in policy, policy and information personal privacy; and actually strong educational institutions that are increasingly taking a look at AI and ending up technical skill in AI."She included: "Our supreme goal is to see this region, specifically the GCC, end up being an AI superpower.
Our most significant chauffeur today is investing in talent, since in the AI race, it's the technical skill that really wins."Focusing on the appearance of the region for investors, Christos Mastoras, Founder and Handling Partner of Iliad Partners, stated: "I think we are very lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for investment in the region.
"International development funds are being available in, which reveals clear signs of maturity of the ecosystem The capability of the UAE and regional governments to draw in skill; their innovation-first technique, abundance of capital here as well as inflow internationally are the crucial structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of offers with the greatest values, with 250 "largest ticket size" deals taped in 2025 in the nation.
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