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Affirming the growth of AI in the area, a report launched by PwC earlier this month stated that the usage of AI amongst the labor force in the Middle East continues to increase, with 75 percent of staff members in the area utilizing it in their tasks over the previous 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the nation are all set to deploy AI responsibly, well above the 76 percent global standard, supported by the Kingdom's information governance community, including national initiatives led by the Saudi Data and Expert System Authority.

Policymakers are thinking holistically about how to make the region appealing, consisting of having more pragmatic laws to permit experimentation and growth," stated the report.

Top organization leaders, policymakers and financiers from the GCC and Latin America just recently explored how countries from the two regions can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, magnate, investors, and market specialists attended the first Global Company Forum Latin America held at the Atlantis Palm - Dubai.

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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 stated. Both areas rely on each other for essential items.

In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the area's overall 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 counts on Brazil for meat (generally poultry), Argentina for cereals, Mexico for cars and Chile for wood products, said a declaration.

The forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how companies can benefit from the changing patterns of international need and what role Dubai can play in facilitating the next action in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however globally too, by acting as an info and research study centre, by providing business paperwork, providing legal services, facilitating networking chances by means of signature business occasions and providing nearly every imaginable organization option, it stated.

GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will stay solid but slow somewhat. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector growth will accelerate, offsetting in part lower oil prices; financial balances will be blended, with surpluses in UAE and Qatar, however deficits continue in other places.

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SHARJAH (WAM) The GCC and wider 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, said business leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 examining "What Does the Next Year of Venture Capital Appear Like", speakers concurred that the emerging regional financial investment landscape appears appealing.

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Responding to a concern on local start-ups' prospects of taking advantage of current financial investments in digital infrastructure, Tala Al Jabri, Creator and Managing Partner of Wyld VC stated: "We have so much going for us in the area: the low cost of energy, a really progressive government that is ahead in policy, policy and information personal privacy; and really strong universities that are progressively taking a look at AI and turning out technical talent in AI."She included: "Our supreme objective is to see this area, specifically the GCC, end up being an AI superpower.

Our biggest chauffeur today is purchasing talent, because in the AI race, it's the technical skill that actually wins."Focusing on the appearance of the region for investors, Christos Mastoras, Creator and Handling Partner of Iliad Partners, stated: "I think we are really lucky to onboard the three biggest banks of Greece as LPs [Limited Partners] for investment in the area.

"International development funds are can be found in, which shows clear indications of maturity of the ecosystem The capability of the UAE and local governments to bring in talent; their innovation-first approach, abundance of capital here in addition to inflow worldwide are the crucial building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated 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.