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Verifying the growth of AI in the region, a report launched by PwC earlier this month stated that the use of AI amongst the workforce in the Middle East continues to increase, with 75 percent of staff members in the area using it in their tasks over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development 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 worldwide standard, supported by the Kingdom's data governance ecosystem, including nationwide efforts led by the Saudi Data and Expert System Authority.
Policymakers are thinking holistically about how to make the area appealing, consisting of having more practical laws to permit experimentation and development," stated the report.
Designing a Collaborative Outsourcing Environment for 2026Leading magnate, policymakers and investors from the GCC and Latin America recently checked out how countries from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, heads of state, CEOs, service leaders, financiers, and industry professionals attended the first Global Business 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 area were $5.6 billion, a declaration from organisers stated. Both regions depend on each other for necessary items.
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 by far the biggest trading partner for countries 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 vehicles 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 take advantage of the changing patterns of worldwide demand 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 but internationally too, by functioning as an info and research centre, by supplying organization paperwork, offering legal services, assisting in networking chances through signature service occasions and delivering almost every conceivable organization option, it stated.
GCC growth will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain solid but slow a little. Non-oil activity will be supported by population development, new markets, and public financial investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector growth will accelerate, offsetting in part lower oil prices; financial balances will be mixed, with surpluses in UAE and Qatar, but deficits continue somewhere else.
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 federal government policies attracting funds and skill, stated service leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the very first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Look Like", speakers concurred that the emerging regional investment landscape appears promising.
Selecting the Most Rewarding Entry Point in Saudi ArabiaResponding to a concern on local startups' potential customers of taking advantage of recent investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have a lot opting for us in the region: the low cost of energy, a really progressive federal government that is ahead in policy, regulation and data privacy; and really strong universities that are increasingly looking at AI and ending up technical skill in AI."She added: "Our supreme goal is to see this area, specifically the GCC, become an AI superpower.
Our greatest motorist today is buying talent, because in the AI race, it's the technical talent that truly wins."Focusing on the appearance of the area for investors, Christos Mastoras, Creator and Managing Partner of Iliad Partners, stated: "I believe we are very fortunate to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International development funds are can be found in, which reveals clear indications of maturity of the environment The capability of the UAE and regional governments to attract skill; their innovation-first method, abundance of capital here in addition to inflow internationally are the key structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of handle the highest values, with 250 "largest ticket size" offers taped in 2025 in the nation.
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