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Affirming the development of AI in the area, a report launched by PwC earlier this month stated that the use of AI among the labor force in the Middle East continues to rise, with 75 percent of staff members in the area using it in their tasks over the previous 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 ready to release AI properly, well above the 76 percent worldwide criteria, supported by the Kingdom's information governance ecosystem, including national efforts led by the Saudi Data and Artificial Intelligence Authority.

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

Top service leaders, policymakers and financiers from the GCC and Latin America just recently checked out how nations from the two regions can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, presidents, CEOs, magnate, financiers, and market specialists participated in the very first Global Business 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 area were $5.6 billion, a statement from organisers stated. Both regions 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 overall sugar imports, it added. Brazil is without a doubt the biggest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC relies on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, stated a declaration.

The online forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how organizations can gain from the changing patterns of international need and what role Dubai can play in assisting in the next action in company relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however globally too, by acting as an information and research study centre, by supplying business paperwork, offering legal services, assisting in networking chances through signature organization events and providing nearly every possible service option, it stated.

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

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

ANSR July GCC PRs 50DR+

Responding to a question on regional start-ups' potential customers of gaining from recent investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have a lot going 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 really strong universities that are increasingly taking a look at AI and ending up technical skill in AI."She included: "Our ultimate goal is to see this area, specifically the GCC, become an AI superpower.

Our greatest driver right now is investing in skill, because in the AI race, it's the technical skill that really wins.

"International development 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 technique, abundance of capital here as well as inflow globally are the crucial building blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the number of handle the highest worths, with 250 "biggest ticket size" deals recorded in 2025 in the nation.