Evaluating Legacy Systems and 2026 Economic Strategies

Affirming the development of AI in the region, a report launched by PwC earlier this month said that the usage of AI among the labor force in the Middle East continues to increase, with 75 percent of employees in the region utilizing it in their jobs over the previous 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's development in the innovation sector and said that 84 percent of CEOs in the nation are ready to release AI responsibly, well above the 76 percent global standard, supported by the Kingdom's information governance ecosystem, including national initiatives led by the Saudi Data and Artificial Intelligence Authority.

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

Top service leaders, policymakers and financiers from the GCC and Latin America just recently explored how countries from the two areas can grow trade in between each other in Dubai, UAE.More than 500 regional and international policymakers, heads of state, CEOs, magnate, investors, and industry professionals participated in the first Global Business Online 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 goods from Latin America. And exports to Latin America from the region were $5.6 billion, a statement from organisers said. Both regions depend on each other for important products.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 percent of the area's overall sugar imports, it added. Brazil is by far the largest trading partner for countries in the region, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for lorries and Chile for wood products, said a statement.

The online forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how businesses can take advantage of the altering patterns of international demand and what function 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 however globally too, by serving as an info and research study centre, by supplying company paperwork, offering legal services, assisting in networking opportunities via signature company events and providing almost every possible business option, it stated.

GCC growth will enhance in 2026, led by faster growth in hydrocarbons; non-oil development will remain strong but slow slightly. Non-oil activity will be supported by population growth, brand-new industries, and public financial investment; inflation will stay soft, while monetary policy will loosen up. Hydrocarbons sector development will accelerate, offsetting in part lower oil prices; financial balances will be combined, with surpluses in UAE and Qatar, but deficits persist in other places.

Evaluating Legacy Models and 2026 Economic Frameworks

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 federal government policies bring in funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the very first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Appear Like", speakers agreed that the emerging regional financial investment landscape appears appealing.

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Reacting to a concern on regional startups' potential customers of benefiting from current investments in digital facilities, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have a lot choosing us in the region: the low cost of energy, a very progressive federal government that is ahead in policy, policy and data privacy; and really strong universities that are significantly looking at AI and ending up technical talent in AI."She included: "Our ultimate goal is to see this area, particularly the GCC, end up being an AI superpower.

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

"International growth funds are can be found in, which shows clear indications of maturity of the community The capability of the UAE and local governments to attract skill; their innovation-first technique, abundance of capital here in addition to 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 number of handle the highest worths, with 250 "biggest ticket size" deals recorded in 2025 in the nation.