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Verifying the growth of AI in the region, a report launched by PwC previously this month stated that the usage of AI amongst the workforce in the Middle East continues to increase, with 75 percent of workers in the area utilizing it in their tasks over the past 12 months.
In November, a report released by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the nation are prepared to deploy AI properly, well above the 76 percent global criteria, supported by the Kingdom's data governance community, consisting of national efforts led by the Saudi Data and Expert System Authority.
Policymakers are believing holistically about how to make the region attractive, consisting of having more practical laws to permit experimentation and growth," said the report.
Industrial Excellence: a Strategic Pillar for 2026 GrowthTop service leaders, policymakers and investors from the GCC and Latin America just recently checked out how countries from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, company leaders, investors, and industry professionals went to the very first Global Company 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 goods from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers stated. Both regions depend on each other for essential items.
In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 per cent of the area'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. Among the Latin American states, the GCC relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for vehicles and Chile for wood products, said a statement.
The online forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how businesses can take advantage of the changing patterns of worldwide demand and what role Dubai can play in helping with the next step in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by functioning as an info and research centre, by offering company documents, using legal services, facilitating networking opportunities by means of signature organization occasions and providing practically every imaginable organization solution, it specified.
GCC growth will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will remain solid but sluggish a little. Non-oil activity will be supported by population growth, brand-new industries, and public financial investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector growth will accelerate, balancing out in part lower oil rates; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits persist in other places.
SHARJAH (WAM) The GCC and wider 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 skill, stated business leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 examining "What Does the Next Year of Venture Capital Look Like", speakers agreed that the emerging regional investment landscape appears appealing.
Industrial Excellence: a Strategic Pillar for 2026 GrowthReacting to a concern on regional start-ups' potential customers of benefiting from current financial investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have a lot opting for us in the region: the low cost of energy, an extremely progressive federal government that is ahead in policy, policy and information privacy; and truly strong instructional institutions that are progressively looking at AI and turning out technical talent in AI."She added: "Our supreme objective is to see this region, particularly the GCC, become an AI superpower.
Our greatest driver right now is investing in skill, because in the AI race, it's the technical talent that really wins.
"International development funds are being available in, which reveals clear signs of maturity of the environment The ability of the UAE and local federal governments to attract skill; their innovation-first method, abundance of capital here as well as inflow worldwide are the essential structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of offers with the highest values, with 250 "largest ticket size" offers tape-recorded in 2025 in the nation.
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