Comparing Legacy Systems and 2026 Economic Frameworks thumbnail

Comparing Legacy Systems and 2026 Economic Frameworks

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Verifying the development of AI in the region, a report released by PwC previously this month said that the usage of AI amongst the labor force in the Middle East continues to increase, with 75 percent of workers in the region using it in their tasks 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 all set to deploy AI properly, well above the 76 percent worldwide standard, supported by the Kingdom's data governance environment, including nationwide initiatives led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are thinking holistically about how to make the area appealing, consisting of having more pragmatic laws to permit experimentation and development," said the report.

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Leading magnate, policymakers and financiers from the GCC and Latin America just recently explored how nations from the two areas can grow trade between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, company leaders, financiers, and market experts participated in the very first Global Organization 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 declaration from organisers said. Both regions depend on each other for essential products.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it added. Brazil is by far the biggest trading partner for countries 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, said a declaration.

The online forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how companies can benefit from the changing patterns of global need and what function Dubai can play in assisting in the next step in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by serving as a details and research centre, by offering business documentation, using legal services, helping with networking opportunities through signature organization events and providing almost every conceivable organization solution, it specified.

GCC growth will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will stay strong however sluggish slightly. Non-oil activity will be supported by population development, brand-new markets, and public financial investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector development will accelerate, balancing out in part lower oil costs; financial balances will be blended, with surpluses in UAE and Qatar, but deficits persist elsewhere.

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SHARJAH (WAM) The GCC and larger 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 bring in funds and skill, said magnate at the 9th edition of Sharjah Entrepreneurial Celebration (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 agreed that the emerging regional financial investment landscape appears promising.

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Reacting to a concern on local start-ups' potential customers of gaining from current financial investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have so much choosing us in the area: the low cost of energy, an extremely progressive government that is ahead in policy, policy and data personal privacy; and actually strong academic institutions that are significantly looking at AI and ending up technical skill in AI."She included: "Our ultimate goal is to see this area, particularly the GCC, end up being an AI superpower.

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

"International growth funds are coming in, which shows clear signs of maturity of the ecosystem The ability of the UAE and local governments to draw in skill; their innovation-first approach, abundance of capital here in addition to inflow worldwide are the key foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of deals with the highest worths, with 250 "biggest ticket size" deals recorded in 2025 in the nation.

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