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Verifying the development of AI in the area, a report released by PwC earlier this month stated that the use of AI amongst the labor force in the Middle East continues to rise, with 75 percent of staff members in the area using it in their jobs over the previous 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's development in the innovation sector and said that 84 percent of CEOs in the nation are all set to deploy AI properly, well above the 76 percent global criteria, supported by the Kingdom's data governance community, consisting of national initiatives led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are thinking holistically about how to make the region attractive, including having more practical laws to enable experimentation and growth," stated the report.

Top business leaders, policymakers and investors from the GCC and Latin America just 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, presidents, CEOs, magnate, investors, and industry specialists went to the first Global Service 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 products from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers stated. Both regions rely on each other for essential products.

In 2015 Latin America provided nearly half the meat imports into the GCC and 36 per cent of the region's overall sugar imports, it added. Brazil is by far the largest trading partner for nations in the area, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (generally poultry), Argentina for cereals, Mexico for cars and Chile for wood products, said a declaration.

The online forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how services can gain from the changing patterns of worldwide demand and what function Dubai can play in helping with the next step in business relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however globally too, by serving as an information and research study centre, by offering company documents, using legal services, assisting in networking opportunities via signature service occasions and providing almost every conceivable organization solution, it mentioned.

GCC growth will strengthen in 2026, led by faster growth in hydrocarbons; non-oil growth will stay strong however slow slightly. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will remain soft, while monetary policy will loosen up. Hydrocarbons sector development will speed up, offsetting in part lower oil costs; financial balances will be combined, with surpluses in UAE and Qatar, but deficits continue somewhere else.

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SHARJAH (WAM) The GCC and larger Middle East area is poised for the next wave of financial investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies bring in funds and skill, stated magnate at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). Throughout a panel conversation on the first day of SEF 2026 analyzing "What Does the Next Year of Endeavor Capital Look Like", speakers concurred that the emerging local investment landscape appears appealing.

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Reacting to a concern on local start-ups' potential customers of benefiting from recent investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC said: "We have a lot going for us in the region: the low expense of energy, a really progressive government that is ahead in policy, policy and data privacy; and really strong instructional institutions that are increasingly taking a look at AI and ending up technical skill in AI."She added: "Our ultimate goal is to see this area, particularly the GCC, end up being an AI superpower.

Our greatest chauffeur right now is investing in skill, because in the AI race, it's the technical skill that actually wins."Concentrating on the beauty of the area for investors, Christos Mastoras, Founder and Managing Partner of Iliad Partners, stated: "I think we are very lucky to onboard the three biggest banks of Greece as LPs [Limited Partners] for investment in the area.

"International growth funds are being available in, which shows clear signs of maturity of the environment The ability of the UAE and local federal governments to attract skill; their innovation-first method, abundance of capital here in addition to inflow internationally are the key structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the region, Saudi Arabia is leading the variety of offers with the highest worths, with 250 "largest ticket size" deals recorded in 2025 in the nation.