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Verifying the development of AI in the area, a report released by PwC previously this month said that the usage of AI amongst the labor force in the Middle East continues to increase, with 75 percent of workers in the area utilizing it in their tasks over the previous 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's progress in the technology sector and stated that 84 percent of CEOs in the country are ready to deploy AI properly, well above the 76 percent international standard, supported by the Kingdom's information governance community, including national initiatives led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are thinking holistically about how to make the area attractive, consisting of having more practical laws to permit experimentation and growth," said the report.

Top company leaders, policymakers and investors from the GCC and Latin America recently checked out how countries from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, magnate, financiers, and industry specialists went to the very first Global Business Online 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 products from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers stated. Both areas count on each other for vital products.

In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it added. Brazil is without a doubt the biggest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for cars and Chile for wood items, stated a statement.

The online forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how companies can gain from the changing patterns of international demand and what role Dubai can play in helping with the next action in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by acting as a details and research centre, by offering service documents, using legal services, helping with networking chances by means of signature service occasions and delivering almost every imaginable business solution, it mentioned.

GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will remain solid however sluggish a little. Non-oil activity will be supported by population development, 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 blended, with surpluses in UAE and Qatar, but deficits continue elsewhere.

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SHARJAH (WAM) The GCC and broader Middle East area is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused government policies bring in funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Look Like", speakers concurred that the emerging regional financial investment landscape appears promising.

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Reacting to a concern on local startups' potential customers of taking advantage of current investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have so much opting for us in the region: the low cost of energy, a really progressive government that is ahead in policy, policy and data privacy; and truly strong educational organizations that are significantly looking at AI and ending up technical skill in AI."She included: "Our ultimate goal is to see this region, particularly the GCC, end up being an AI superpower.

Our biggest motorist right now is investing in talent, since in the AI race, it's the technical talent that really wins.

"International growth funds are being available in, which shows clear indications of maturity of the ecosystem The ability of the UAE and regional federal governments to bring in skill; their innovation-first approach, abundance of capital here as well as inflow worldwide are the key structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of handle the greatest worths, with 250 "largest ticket size" offers taped in 2025 in the country.