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Verifying the development of AI in the region, a report launched by PwC previously this month stated that the use of AI amongst the labor force in the Middle East continues to increase, with 75 percent of employees 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 innovation sector and stated that 84 percent of CEOs in the nation are prepared to release AI responsibly, well above the 76 percent global standard, supported by the Kingdom's information governance environment, including nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are believing holistically about how to make the region attractive, consisting of having more practical laws to enable experimentation and development," stated the report.

Leading company leaders, policymakers and investors from the GCC and Latin America recently explored how nations from the two regions can grow trade in between each other in Dubai, UAE.More than 500 local and worldwide policymakers, heads of state, CEOs, magnate, investors, and industry experts went to the very first Global Service 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 items from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers said. Both regions depend on each other for essential items.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the region's overall 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 (primarily poultry), Argentina for cereals, Mexico for vehicles and Chile for wood products, stated a statement.

The online forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how services can benefit from the altering patterns of worldwide need and what role Dubai can play in helping with the next action in organization relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by functioning as an information and research study centre, by providing service paperwork, offering legal services, assisting in networking chances via signature business events and providing nearly every possible company service, it specified.

GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will stay strong but slow somewhat. Non-oil activity will be supported by population development, brand-new markets, and public investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector development will speed up, balancing out in part lower oil prices; financial balances will be combined, with surpluses in UAE and Qatar, however deficits persist somewhere else.

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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 drawing in funds and talent, said service leaders 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 Endeavor Capital Appear Like", speakers agreed that the emerging local financial investment landscape appears promising.

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Responding to a concern on regional start-ups' potential customers of benefiting from current financial investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have so much going for us in the region: the low expense of energy, a very progressive federal government that is ahead in policy, policy and information privacy; and actually strong universities that are progressively taking a look at AI and turning out technical skill in AI."She added: "Our ultimate objective is to see this area, specifically the GCC, become an AI superpower.

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"International growth funds are can be found in, which shows clear indications of maturity of the community The capability of the UAE and local governments to draw in talent; their innovation-first method, abundance of capital here along with inflow internationally are the essential 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 greatest worths, with 250 "largest ticket size" deals taped in 2025 in the nation.