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Affirming the growth of AI in the area, a report launched by PwC previously this month said that the use of AI among the workforce in the Middle East continues to increase, with 75 percent of staff members in the region utilizing 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 nation are all set to release AI responsibly, well above the 76 percent worldwide benchmark, supported by the Kingdom's data governance environment, including nationwide initiatives led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the region appealing, including having more pragmatic laws to enable for experimentation and growth," stated the report.
Achieving Operational Excellence in Dubai's Industrial SectorLeading magnate, policymakers and financiers from the GCC and Latin America just recently explored how countries from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, presidents, CEOs, service leaders, investors, and industry professionals went to the first Global Service 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 items from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers said. Both areas count on each other for necessary products.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 percent 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. Among the Latin American states, the GCC depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, stated a statement.
The online forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how companies can gain from the altering patterns of international demand and what function Dubai can play in helping with the next step in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however globally too, by functioning as an information and research centre, by offering company paperwork, offering legal services, facilitating networking chances via signature company occasions and delivering almost every possible organization option, it mentioned.
GCC growth will enhance in 2026, led by faster growth in hydrocarbons; non-oil growth will stay solid but sluggish somewhat. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector development will speed up, balancing out in part lower oil costs; financial balances will be mixed, with surpluses in UAE and Qatar, but deficits persist somewhere else.
SHARJAH (WAM) The GCC and broader 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, stated company leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 taking a look at "What Does the Next Year of Endeavor Capital Appear Like", speakers agreed that the emerging local investment landscape appears promising.
Reviewing New Market Data for Future GrowthReacting to a question on local startups' prospects of benefiting from recent financial investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have so much choosing us in the region: the low expense of energy, an extremely progressive federal government that is ahead in policy, policy and information privacy; and really strong universities that are progressively looking at AI and turning out technical talent in AI."She added: "Our ultimate 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 talent that truly wins.
"International development funds are being available in, which shows clear signs of maturity of the community The ability of the UAE and regional federal governments to attract skill; their innovation-first technique, abundance of capital here along with inflow internationally are the essential foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of deals with the highest values, with 250 "largest ticket size" deals recorded in 2025 in the country.
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