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Affirming the growth of AI in the region, a report released by PwC earlier this month stated that the use of AI among the workforce in the Middle East continues to increase, with 75 percent of employees in the area utilizing it in their tasks over the previous 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's progress in the technology sector and stated that 84 percent of CEOs in the nation are prepared to release AI responsibly, well above the 76 percent global benchmark, supported by the Kingdom's data governance community, including national efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are believing holistically about how to make the area attractive, including having more practical laws to permit experimentation and growth," stated the report.
Driving Dubai Industrial Expansion through StrategyLeading company leaders, policymakers and financiers from the GCC and Latin America recently explored how countries from the two regions can grow trade in between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, magnate, financiers, and market professionals attended 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 area were $5.6 billion, a statement from organisers said. Both areas depend on each other for vital products.
In 2015 Latin America provided nearly 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 biggest trading partner for nations in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for cars and Chile for wood items, stated a statement.
The forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how businesses can benefit from the altering patterns of global demand and what function Dubai can play in assisting in the next action in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however globally too, by functioning as an info and research study centre, by providing company documents, offering legal services, assisting in networking chances through signature company events and providing nearly every conceivable business solution, it mentioned.
GCC development will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will remain strong however slow slightly. Non-oil activity will be supported by population growth, new industries, and public financial investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector growth will speed up, balancing out in part lower oil prices; financial balances will be mixed, with surpluses in UAE and Qatar, but deficits persist 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 government policies bring in funds and skill, stated company leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel conversation on the very first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Look Like", speakers concurred that the emerging local financial investment landscape appears promising.
Driving Dubai Industrial Expansion through Strategy
Reacting to a concern on local startups' potential customers of taking advantage of current financial investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have a lot opting for us in the region: the low expense of energy, a very progressive federal government that is ahead in policy, policy and data privacy; and actually strong universities that are significantly looking at AI and turning out technical talent in AI."She included: "Our supreme goal is to see this area, specifically the GCC, become an AI superpower.
Our most significant driver right now is buying talent, because in the AI race, it's the technical skill that truly wins."Focusing on the beauty of the area for financiers, Christos Mastoras, Creator and Handling Partner of Iliad Partners, stated: "I think we are very lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for financial investment in the area.
"International development funds are being available in, which shows clear signs of maturity of the ecosystem The capability of the UAE and local federal governments to attract talent; their innovation-first approach, abundance of capital here in addition to inflow internationally are the crucial building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of handle the highest worths, with 250 "biggest ticket size" deals tape-recorded in 2025 in the nation.
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