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Verifying the development of AI in the area, a report launched by PwC earlier this month said that the use of AI amongst the workforce in the Middle East continues to rise, 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 innovation sector and said that 84 percent of CEOs in the country are ready to deploy AI properly, well above the 76 percent global benchmark, supported by the Kingdom's information governance ecosystem, consisting of nationwide 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 growth," said the report.
Sustainable Dubai Industrial Growth Patterns in 2026Leading company leaders, policymakers and financiers from the GCC and Latin America just recently checked out how countries from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, heads of state, CEOs, company leaders, financiers, and industry experts attended the very first Global Business 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 area were $5.6 billion, a statement from organisers stated. Both regions count on each other for vital items.
In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it added. Brazil is by far the largest trading partner for nations in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, said a declaration.
The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how companies can benefit from the altering patterns of international demand and what role Dubai can play in facilitating the next action in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but globally too, by functioning as a details and research study centre, by providing company documents, offering legal services, helping with networking opportunities by means of signature organization occasions and delivering nearly every possible service option, it stated.
GCC growth will strengthen in 2026, led by faster growth in hydrocarbons; non-oil development will stay solid but slow slightly. Non-oil activity will be supported by population development, brand-new industries, and public investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector development will speed up, offsetting in part lower oil costs; financial balances will be combined, with surpluses in UAE and Qatar, but deficits persist in other places.
SHARJAH (WAM) The GCC and broader Middle East region is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies bring in funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the very 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.
Reacting to a question on local start-ups' prospects of benefiting from recent financial investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have so much opting for us in the region: the low cost of energy, a very progressive government that is ahead in policy, regulation and information personal privacy; and really strong academic institutions that are significantly looking at AI and turning out technical skill in AI."She included: "Our ultimate goal is to see this region, specifically the GCC, become an AI superpower.
Our biggest motorist today is buying skill, due to the fact that in the AI race, it's the technical skill that actually wins."Focusing on the appearance of the region for financiers, Christos Mastoras, Founder and Managing Partner of Iliad Partners, stated: "I think we are very lucky to onboard the 3 largest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International growth funds are can be found in, which reveals 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 globally are the crucial foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of handle the greatest values, with 250 "largest ticket size" deals taped in 2025 in the country.
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