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Verifying the growth of AI in the area, a report launched by PwC previously this month said that the use of AI amongst the labor force in the Middle East continues to increase, with 75 percent of employees in the area using it in their jobs over the past 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and stated that 84 percent of CEOs in the country are all set to release AI responsibly, well above the 76 percent international standard, supported by the Kingdom's data governance community, consisting of national efforts led by the Saudi Data and Expert System Authority.

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

Top magnate, policymakers and investors from the GCC and Latin America just recently checked out how nations from the two areas can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, presidents, CEOs, magnate, financiers, and industry specialists went to the very first Global Organization 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 products from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers stated. Both areas rely on each other for vital products.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the region's overall sugar imports, it included. 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 depends on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, stated a statement.

The forum was arranged by the Dubai Chamber of Commerce under the theme "Moving Synergies", checks out how organizations can gain from the altering patterns of worldwide demand and what role Dubai can play in helping with the next step in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however globally too, by serving as a details and research centre, by providing business documentation, using legal services, assisting in networking chances by means of signature company events and delivering practically every conceivable organization option, it stated.

GCC development will enhance in 2026, led by faster growth in hydrocarbons; non-oil development will remain strong however sluggish somewhat. Non-oil activity will be supported by population growth, brand-new industries, and public financial investment; inflation will stay soft, while financial policy will loosen up. Hydrocarbons sector growth will speed up, balancing out in part lower oil prices; fiscal balances will be combined, with surpluses in UAE and Qatar, but deficits continue elsewhere.

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SHARJAH (WAM) The GCC and larger Middle East region is poised for the next wave of investments in AI and tech-led sectors, with business-friendly and innovation-focused federal government policies bring in funds and talent, said organization leaders at the 9th edition of Sharjah Entrepreneurial Celebration (SEF 2026). During a panel discussion on the first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging local financial investment landscape appears appealing.

ANSR July GCC PRs 50DR+

Responding to a question on local start-ups' prospects of benefiting from recent investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have so much choosing us in the area: the low cost of energy, a very progressive government that is ahead in policy, regulation and information privacy; and really strong universities that are increasingly taking a look at AI and ending up technical talent in AI."She included: "Our supreme goal is to see this area, specifically the GCC, end up being an AI superpower.

Our greatest driver right now is investing in skill, due to the fact that in the AI race, it's the technical skill that truly wins.

"International development funds are coming in, which shows clear signs of maturity of the ecosystem The capability of the UAE and regional federal governments to attract talent; their innovation-first method, abundance of capital here as well as inflow globally are the crucial 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 values, with 250 "largest ticket size" deals recorded in 2025 in the nation.