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Verifying the development of AI in the region, a report launched by PwC previously this month said that the use of AI among 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 released by KPMG highlighted Saudi Arabia's development in the innovation sector and said that 84 percent of CEOs in the country are ready to release AI responsibly, well above the 76 percent global criteria, supported by the Kingdom's data governance ecosystem, consisting of national efforts led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the area appealing, including having more pragmatic laws to permit experimentation and development," said the report.
How UAE Firms Are Combating the Great Skill MigrationTop magnate, policymakers and investors from the GCC and Latin America recently checked out how nations from the two regions can grow trade between each other in Dubai, UAE.More than 500 regional and global policymakers, heads of state, CEOs, magnate, investors, and market experts attended the very first Global Service 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 statement from organisers stated. Both areas count on each other for important products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it included. Brazil is without a doubt the largest trading partner for nations 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 vehicles and Chile for wood products, stated a declaration.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how services can benefit from the changing patterns of global need and what function Dubai can play in helping with the next step in company relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however worldwide too, by serving as a details and research centre, by providing service paperwork, using legal services, facilitating networking chances via signature business events and providing nearly every imaginable service option, it specified.
GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil development will remain strong but sluggish slightly. Non-oil activity will be supported by population development, new markets, and public financial investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector growth will speed up, offsetting in part lower oil costs; fiscal balances will be mixed, with surpluses in UAE and Qatar, but deficits continue elsewhere.
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 drawing in funds and skill, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Look Like", speakers concurred that the emerging local financial investment landscape appears appealing.
Reacting to a concern on regional startups' potential customers of gaining from current investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have a lot going for us in the region: the low cost of energy, a very progressive federal government that is ahead in policy, guideline and data privacy; and actually strong instructional institutions that are increasingly taking a look at AI and turning out technical skill in AI."She added: "Our supreme goal is to see this region, specifically the GCC, become an AI superpower.
Our biggest chauffeur today is purchasing talent, due to the fact that in the AI race, it's the technical talent that truly wins."Concentrating on the appearance of the region for investors, Christos Mastoras, Creator and Handling Partner of Iliad Partners, stated: "I think we are really fortunate to onboard the three biggest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International development funds are can be found in, which shows clear signs of maturity of the community The capability of the UAE and regional governments to attract talent; their innovation-first method, abundance of capital here as well as inflow worldwide are the crucial building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of handle the highest worths, with 250 "largest ticket size" deals tape-recorded in 2025 in the nation.
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