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Verifying the development of AI in the region, a report released by PwC previously this month stated that the usage of AI among the workforce in the Middle East continues to increase, 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 progress in the innovation sector and said that 84 percent of CEOs in the country are all set to release AI properly, well above the 76 percent worldwide criteria, supported by the Kingdom's information governance community, consisting of nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are believing holistically about how to make the area appealing, consisting of having more pragmatic laws to enable for experimentation and development," said the report.

Top business leaders, policymakers and investors from the GCC and Latin America recently checked out how nations from the two regions can grow trade in between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, heads of state, CEOs, business leaders, financiers, and market professionals went to the very first Global Organization 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 products from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers stated. Both areas depend on each other for necessary products.

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

The online forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how services can take advantage of the changing patterns of international need and what role Dubai can play in helping with the next action in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but globally too, by functioning as an info and research study centre, by offering organization documents, using legal services, assisting in networking opportunities via signature service occasions and providing practically every conceivable organization option, it mentioned.

GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil development will stay strong however slow a little. Non-oil activity will be supported by population development, new industries, and public investment; inflation will stay soft, while monetary policy will loosen. Hydrocarbons sector development will speed up, offsetting in part lower oil rates; 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 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 government policies drawing in funds and talent, stated organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the very first day of SEF 2026 examining "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging local investment landscape appears appealing.

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Responding to a concern on local startups' prospects of benefiting from current financial investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have a lot choosing us in the region: the low expense of energy, a very progressive federal government that is ahead in policy, regulation and information privacy; and truly strong universities that are significantly looking at AI and ending up technical skill in AI."She included: "Our ultimate objective is to see this area, particularly the GCC, become an AI superpower.

Our biggest driver today is investing in skill, because in the AI race, it's the technical talent that really wins."Focusing on the appearance of the area for investors, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I believe we are very lucky to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for financial investment in the area.

"International development funds are coming in, which reveals clear indications of maturity of the ecosystem The capability of the UAE and local federal governments to bring in talent; their innovation-first technique, abundance of capital here along with inflow worldwide are the essential building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of handle the highest worths, with 250 "biggest ticket size" offers tape-recorded in 2025 in the nation.