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Affirming the growth of AI in the region, a report launched by PwC earlier this month said that the use of AI among the workforce in the Middle East continues to rise, with 75 percent of workers in the area using it in their tasks over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's development in the innovation sector and stated that 84 percent of CEOs in the nation are ready to deploy AI responsibly, well above the 76 percent worldwide benchmark, supported by the Kingdom's information governance environment, including nationwide efforts led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the area attractive, including having more pragmatic laws to permit experimentation and growth," said the report.
Accelerating Regional Industrial Growth through StrategyLeading magnate, policymakers and investors 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 international policymakers, heads of state, CEOs, service leaders, investors, and industry specialists went to the 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 products from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers said. Both areas depend on each other for important products.
In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the region's total sugar imports, it included. Brazil is without a doubt 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, said a declaration.
The online forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how organizations can take advantage of the changing patterns of worldwide need and what role Dubai can play in helping with the next step in organization relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however globally too, by serving as an information and research study centre, by providing company paperwork, providing legal services, assisting in networking opportunities via signature business events and delivering practically every imaginable company service, it stated.
GCC development will strengthen in 2026, led by faster growth in hydrocarbons; non-oil development will remain solid however slow somewhat. Non-oil activity will be supported by population development, brand-new markets, and public financial investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector development will speed up, offsetting in part lower oil rates; financial balances will be combined, with surpluses in UAE and Qatar, however deficits persist 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 organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Appear Like", speakers agreed that the emerging local investment landscape appears appealing.
Driving Regional Industrial Expansion via Operational Excellence
Reacting to a concern on local startups' prospects of gaining from current financial investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have so much choosing us in the area: the low cost of energy, an extremely progressive government that is ahead in policy, regulation and information privacy; and truly strong universities that are increasingly looking at AI and ending up technical talent in AI."She added: "Our supreme goal is to see this region, particularly the GCC, end up being an AI superpower.
Our biggest chauffeur right now is investing in talent, due to the fact that in the AI race, it's the technical talent that truly wins.
"International development funds are coming in, which shows clear indications of maturity of the community The ability of the UAE and regional federal governments to bring in skill; their innovation-first approach, abundance of capital here along with inflow internationally are the crucial foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of handle the highest worths, with 250 "largest ticket size" offers recorded in 2025 in the country.
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