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Affirming the growth of AI in the area, a report launched by PwC previously this month said that the use of AI among the labor force in the Middle East continues to increase, with 75 percent of workers in the area using it in their tasks over the past 12 months.
In November, a report launched by KPMG highlighted Saudi Arabia's development in the innovation sector and said that 84 percent of CEOs in the country are all set to deploy AI responsibly, well above the 76 percent global criteria, supported by the Kingdom's data governance community, consisting of national efforts led by the Saudi Data and Artificial Intelligence Authority.
Policymakers are thinking holistically about how to make the area appealing, including having more pragmatic laws to permit experimentation and growth," stated the report.
Top company leaders, policymakers and investors from the GCC and Latin America recently checked out how nations from the two areas can grow trade between each other in Dubai, UAE.More than 500 regional and international policymakers, presidents, CEOs, service leaders, financiers, and industry professionals attended the first Global Organization Online forum Latin America held at the Atlantis Palm - Dubai.
In 2015 the GCC comprised of the UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia, imported $11 billion worth of items from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers said. Both areas count on each other for necessary products.
In 2015 Latin America provided almost 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 biggest trading partner for countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for cars and Chile for wood items, stated a declaration.
The online forum was arranged by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how organizations can take advantage of the altering patterns of worldwide demand and what role Dubai can play in facilitating the next action in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but internationally too, by acting as a details and research centre, by providing business documents, using legal services, facilitating networking opportunities via signature organization events and providing almost every conceivable company service, it mentioned.
GCC development will reinforce in 2026, led by faster expansion in hydrocarbons; non-oil growth will stay solid but sluggish somewhat. Non-oil activity will be supported by population development, new markets, and public financial investment; inflation will remain soft, while monetary policy will loosen up. Hydrocarbons sector growth will speed up, offsetting in part lower oil costs; financial balances will be mixed, with surpluses in UAE and Qatar, however deficits persist somewhere else.
SHARJAH (WAM) The GCC and broader 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 attracting funds and talent, stated company 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 Venture Capital Appear Like", speakers concurred that the emerging local financial investment landscape appears promising.

Reacting to a question on local start-ups' prospects of gaining from recent investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have a lot going for us in the region: the low expense of energy, a very progressive government that is ahead in policy, policy and information personal privacy; and really strong universities that are increasingly looking at AI and turning out technical skill in AI."She included: "Our supreme goal is to see this region, specifically the GCC, end up being an AI superpower.
Our biggest driver right now is investing in skill, due to the fact that in the AI race, it's the technical talent that actually wins.
"International growth funds are coming in, which shows clear indications of maturity of the environment The ability of the UAE and local governments to draw in talent; their innovation-first technique, abundance of capital here along with inflow globally are the key structure blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of handle the highest values, with 250 "largest ticket size" deals taped in 2025 in the country.
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