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Verifying the development of AI in the area, a report launched by PwC previously this month stated that the usage of AI amongst the workforce in the Middle East continues to increase, with 75 percent of workers in the area utilizing it in their jobs over the past 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's progress in the technology sector and said that 84 percent of CEOs in the country are prepared to deploy AI properly, well above the 76 percent international standard, supported by the Kingdom's information governance community, consisting of nationwide initiatives led by the Saudi Data and Expert System Authority.

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

Top magnate, policymakers and investors from the GCC and Latin America just recently checked out how nations from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, heads of state, CEOs, magnate, financiers, and industry 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 declaration from organisers stated. Both areas rely on each other for vital products.

In 2015 Latin America supplied 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 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 (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, said a declaration.

The forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how organizations can benefit from the changing patterns of global demand and what function Dubai can play in helping with the next step in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but worldwide too, by acting as an information and research study centre, by supplying company documentation, providing legal services, facilitating networking chances via signature service occasions and providing nearly every imaginable service service, it specified.

GCC development will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will stay solid however slow a little. Non-oil activity will be supported by population growth, new industries, and public financial investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector development will speed up, balancing out in part lower oil costs; fiscal balances will be mixed, with surpluses in UAE and Qatar, however deficits continue elsewhere.

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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 talent, stated organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the first day of SEF 2026 examining "What Does the Next Year of Equity Capital Look Like", speakers concurred that the emerging regional investment landscape appears promising.

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Reacting to a question on local start-ups' potential customers of taking advantage of recent financial investments in digital facilities, Tala Al Jabri, Creator and Managing Partner of Wyld VC said: "We have a lot opting 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 truly strong educational institutions that are significantly looking at AI and turning out technical skill in AI."She added: "Our supreme goal is to see this region, particularly the GCC, become an AI superpower.

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"International growth funds are coming in, which reveals clear signs of maturity of the environment The ability of the UAE and local federal governments to draw in talent; their innovation-first technique, abundance of capital here in addition to inflow globally are the essential foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the number of deals with the highest worths, with 250 "biggest ticket size" offers tape-recorded in 2025 in the country.