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Verifying the growth of AI in the region, a report launched by PwC earlier this month stated that the usage of AI among the workforce in the Middle East continues to increase, with 75 percent of workers 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 stated that 84 percent of CEOs in the country are ready to release AI responsibly, well above the 76 percent international standard, supported by the Kingdom's data governance ecosystem, including national efforts led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the area attractive, consisting of having more pragmatic laws to permit experimentation and development," said the report.
Leading organization leaders, policymakers and investors from the GCC and Latin America recently checked out how countries from the two regions can grow trade in between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, business leaders, investors, and market professionals participated in the very first Global Company 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 products from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both areas count on each other for essential products.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it included. Brazil is by far the largest trading partner for countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for cars and Chile for wood items, stated a declaration.
The forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", explores how services can benefit from the altering patterns of worldwide need and what role Dubai can play in facilitating the next action in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but globally too, by serving as an information and research centre, by offering service documents, using legal services, helping with networking chances through signature organization occasions and delivering nearly every possible company solution, it stated.
GCC growth will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will stay strong however sluggish slightly. Non-oil activity will be supported by population development, brand-new markets, and public investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector development will accelerate, balancing out in part lower oil rates; financial balances will be mixed, with surpluses in UAE and Qatar, however deficits persist in other places.
SHARJAH (WAM) The GCC and wider 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, said organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the very first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Look Like", speakers agreed that the emerging regional investment landscape appears appealing.
Accelerating Dubai Industrial Growth through InnovationReacting to a concern on regional start-ups' prospects of benefiting from current financial investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have so much opting for us in the area: the low expense of energy, a very progressive government that is ahead in policy, policy and information 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, specifically the GCC, end up being an AI superpower.
Our biggest driver right now is investing in talent, because in the AI race, it's the technical skill that really wins.
"International growth funds are being available in, which shows clear signs of maturity of the community The capability of the UAE and regional governments to bring in talent; their innovation-first technique, abundance of capital here in addition to inflow worldwide are the essential foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of offers with the highest values, with 250 "largest ticket size" deals recorded in 2025 in the country.
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