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Verifying the growth of AI in the area, a report released by PwC previously this month stated that the usage of AI amongst the workforce in the Middle East continues to rise, with 75 percent of staff members in the area utilizing it in their jobs over the past 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's progress in the innovation sector and said that 84 percent of CEOs in the nation are ready to release AI responsibly, well above the 76 percent worldwide standard, supported by the Kingdom's information governance ecosystem, including nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.

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

Top magnate, policymakers and investors from the GCC and Latin America just recently explored how nations from the 2 areas can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, company leaders, financiers, and industry experts participated in the very first Global Organization Forum Latin America held at the Atlantis Palm - Dubai.

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In 2015 the GCC comprised of the UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia, imported $11 billion worth of goods from Latin America. And exports to Latin America from the area were $5.6 billion, a statement from organisers stated. Both areas depend on each other for vital items.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the region's total sugar imports, it added. Brazil is without a doubt the largest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for cars and Chile for wood items, stated a statement.

The forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how organizations can gain from the altering patterns of international need and what role Dubai can play in assisting in the next step in organization 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 centre, by offering business paperwork, offering legal services, assisting in networking chances through signature organization events and delivering nearly every possible service solution, it specified.

GCC growth will strengthen in 2026, led by faster growth in hydrocarbons; non-oil development will stay solid but sluggish 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. Hydrocarbons sector development will speed up, offsetting in part lower oil costs; financial balances will be blended, with surpluses in UAE and Qatar, however deficits persist in other places.

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SHARJAH (WAM) The GCC and broader Middle East region is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies attracting funds and skill, said company leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Look Like", speakers agreed that the emerging local financial investment landscape appears appealing.

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Responding to a concern on regional startups' potential customers of gaining from recent financial investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have so much opting for us in the region: the low expense of energy, an extremely progressive federal government that is ahead in policy, guideline and information privacy; and truly strong instructional institutions that are significantly taking a look at AI and ending up technical skill in AI."She added: "Our supreme goal is to see this region, 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 ecosystem The capability of the UAE and local governments to draw in talent; their innovation-first approach, abundance of capital here as well as inflow worldwide are the crucial structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of handle the highest values, with 250 "largest ticket size" deals tape-recorded in 2025 in the nation.