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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 workforce in the Middle East continues to increase, with 75 percent of employees in the area using it in their tasks over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the nation are prepared to release AI responsibly, well above the 76 percent global benchmark, supported by the Kingdom's information governance community, including nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the area appealing, including having more pragmatic laws to permit experimentation and growth," stated the report.
Top magnate, policymakers and financiers from the GCC and Latin America just recently explored how nations from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 local and global policymakers, heads of state, CEOs, magnate, investors, and market specialists went to the first Global Company 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers stated. Both regions rely on each other for important products.
In 2015 Latin America supplied nearly 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 countries in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for cars and Chile for wood items, said a declaration.
The online forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how organizations can gain from the changing patterns of international need and what role Dubai can play in assisting in the next action in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but globally too, by acting as a details and research centre, by providing company documentation, providing legal services, assisting in networking opportunities via signature organization occasions and delivering nearly every imaginable organization service, it mentioned.
GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain solid but slow somewhat. Non-oil activity will be supported by population growth, brand-new markets, and public financial investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector development will speed up, balancing out in part lower oil rates; financial balances will be combined, with surpluses in UAE and Qatar, however deficits continue somewhere else.
SHARJAH (WAM) The GCC and broader Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies drawing in funds and skill, stated business leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Look Like", speakers concurred that the emerging regional financial investment landscape appears appealing.
The 2026 Vision for Person Capital in the UAEReacting to a question on local start-ups' potential customers of benefiting from recent investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have so much going for us in the region: the low cost of energy, a very progressive government that is ahead in policy, guideline and data personal privacy; and really strong universities that are progressively taking a look at AI and turning out technical skill in AI."She included: "Our supreme objective is to see this area, particularly the GCC, end up being an AI superpower.
Our most significant driver right now is purchasing talent, since in the AI race, it's the technical skill that truly wins."Concentrating on the attractiveness of the area for financiers, Christos Mastoras, Founder and Handling Partner of Iliad Partners, stated: "I believe we are very fortunate to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International development funds are coming in, which shows clear indications of maturity of the ecosystem The ability of the UAE and local governments to bring in skill; their innovation-first approach, abundance of capital here as well as inflow internationally are the crucial structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of offers with the highest worths, with 250 "largest ticket size" deals taped in 2025 in the country.
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