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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 labor force 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 released by KPMG highlighted Saudi Arabia's progress in the innovation sector and stated that 84 percent of CEOs in the country are ready to deploy AI properly, well above the 76 percent international benchmark, supported by the Kingdom's data governance ecosystem, consisting of nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are believing holistically about how to make the region appealing, including having more practical laws to permit experimentation and development," said the report.

Top magnate, policymakers and financiers from the GCC and Latin America recently checked out how nations from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, magnate, financiers, and industry professionals participated in the very 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 areas depend on each other for important items.

In 2015 Latin America provided almost half the meat imports into the GCC and 36 percent of the region's total sugar imports, it added. Brazil is by far the biggest trading partner for nations in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, said a statement.

The forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how companies can benefit from the changing patterns of global need and what function Dubai can play in facilitating the next action in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC however internationally too, by serving as an information and research centre, by offering service documentation, offering legal services, facilitating networking chances by means of signature company events and providing nearly every imaginable company service, it stated.

GCC growth will enhance in 2026, led by faster expansion in hydrocarbons; non-oil development will remain solid however slow a little. Non-oil activity will be supported by population growth, new industries, and public financial investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector development will speed up, balancing out in part lower oil costs; fiscal balances will be mixed, with surpluses in UAE and Qatar, but deficits persist in other places.

Driving Regional Corporate Growth through Innovation

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 bring in funds and talent, stated organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the very 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 investment landscape appears promising.

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Responding to a concern on local startups' potential customers of gaining from recent investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC stated: "We have a lot going for us in the region: the low cost of energy, an extremely progressive government that is ahead in policy, guideline and information personal privacy; and really strong instructional organizations that are significantly looking at AI and turning out technical skill in AI."She added: "Our supreme objective is to see this region, particularly the GCC, become an AI superpower.

Our most significant motorist right now is investing in talent, due to the fact that in the AI race, it's the technical skill that truly wins.

"International growth funds are can be found in, which shows clear indications of maturity of the community The capability of the UAE and regional federal governments to draw in skill; their innovation-first technique, abundance of capital here along with inflow worldwide are the crucial structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the variety of offers with the highest values, with 250 "biggest ticket size" offers tape-recorded in 2025 in the nation.