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Affirming the development of AI in the region, a report released by PwC previously this month said that the usage of AI amongst the labor force in the Middle East continues to rise, with 75 percent of workers in the region utilizing it in their jobs 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 ready to deploy AI responsibly, well above the 76 percent international criteria, supported by the Kingdom's information governance ecosystem, consisting of nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are believing holistically about how to make the area attractive, consisting of having more practical laws to allow for experimentation and growth," stated the report.

Top magnate, policymakers and financiers from the GCC and Latin America just recently explored how nations from the two areas can grow trade between each other in Dubai, UAE.More than 500 local and international policymakers, heads of state, CEOs, magnate, investors, and industry professionals participated in the very first Global Service 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 said. Both regions count on each other for vital items.

In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it included. Brazil is without a doubt the largest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, stated a statement.

The forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how services can benefit from the altering patterns of global need and what function Dubai can play in helping with the next action in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but internationally too, by acting as a details and research study centre, by offering organization paperwork, offering legal services, helping with networking chances through signature organization occasions and providing almost every imaginable business solution, it stated.

GCC growth will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will stay strong however sluggish somewhat. Non-oil activity will be supported by population development, new industries, and public financial investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector development will speed up, offsetting in part lower oil rates; fiscal balances will be combined, with surpluses in UAE and Qatar, however deficits persist elsewhere.

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SHARJAH (WAM) The GCC and wider 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 attracting funds and talent, said magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Look Like", speakers agreed that the emerging local financial investment landscape appears appealing.

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Reacting to a concern on regional start-ups' prospects of gaining from recent financial investments in digital facilities, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have a lot opting for us in the area: the low expense of energy, a really progressive federal government that is ahead in policy, policy and data personal privacy; and really strong academic institutions that are significantly taking a look at AI and ending up technical skill in AI."She included: "Our ultimate objective is to see this area, specifically the GCC, become an AI superpower.

Our most significant driver right now is investing in skill, since in the AI race, it's the technical talent that truly wins.

"International development funds are can be found in, which shows clear indications of maturity of the environment The ability of the UAE and local federal governments to bring in skill; their innovation-first technique, abundance of capital here in addition to inflow internationally are the crucial foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of deals with the highest values, with 250 "largest ticket size" deals recorded in 2025 in the country.