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Verifying the growth of AI in the region, a report released by PwC previously this month stated that the usage of AI among the workforce in the Middle East continues to rise, with 75 percent of employees in the region using 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 nation are ready to deploy AI responsibly, well above the 76 percent worldwide standard, supported by the Kingdom's information governance environment, including nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the area attractive, including having more pragmatic laws to permit experimentation and growth," said the report.
The Competitive Advantage of Modernized Shared SolutionsTop organization leaders, policymakers and financiers from the GCC and Latin America just recently checked out how countries from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, business leaders, investors, and market experts attended the very first Global Service 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 region were $5.6 billion, a statement from organisers stated. Both areas depend on each other for necessary items.
In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the region's total sugar imports, it added. Brazil is without a doubt the biggest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for cars and Chile for wood products, stated a statement.
The forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how businesses can gain from the changing patterns of international demand and what function Dubai can play in facilitating the next action in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however worldwide too, by functioning as a details and research centre, by supplying business documentation, using legal services, assisting in networking opportunities via signature company occasions and delivering nearly every conceivable business service, it specified.
GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will remain strong however slow a little. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector growth will accelerate, offsetting in part lower oil costs; financial balances will be combined, with surpluses in UAE and Qatar, but deficits continue elsewhere.
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 attracting funds and talent, stated magnate 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 Appear Like", speakers concurred that the emerging local financial investment landscape appears appealing.
Reacting to a concern on regional startups' potential customers of benefiting from current financial investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have a lot going for us in the area: the low expense of energy, a really progressive federal government that is ahead in policy, regulation and data privacy; and actually strong universities that are increasingly looking at AI and ending up technical skill in AI."She added: "Our supreme goal is to see this region, specifically the GCC, end up being an AI superpower.
Our greatest motorist today is investing in talent, because in the AI race, it's the technical talent that really wins."Concentrating on the appearance of the region for investors, Christos Mastoras, Creator and Managing Partner of Iliad Partners, said: "I think we are really lucky to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for investment in the region.
"International growth funds are being available in, which shows clear signs of maturity of the ecosystem The capability of the UAE and regional federal governments to draw in skill; their innovation-first approach, abundance of capital here as well as inflow globally are the crucial structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of deals with the greatest worths, with 250 "largest ticket size" offers recorded in 2025 in the country.
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