Comparing Legacy Systems and 2026 Economic Frameworks

Affirming the growth of AI in the region, a report released by PwC previously this month stated that the use of AI among the labor force in the Middle East continues to rise, with 75 percent of workers in the area using it in their tasks over the past 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's development in the technology sector and said that 84 percent of CEOs in the nation are ready to release AI responsibly, well above the 76 percent worldwide standard, supported by the Kingdom's data governance environment, consisting of national initiatives led by the Saudi Data and Expert System Authority.

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

Leading magnate, policymakers and investors from the GCC and Latin America recently checked out how countries from the two areas can grow trade in between each other in Dubai, UAE.More than 500 regional and international policymakers, presidents, CEOs, magnate, investors, and market experts went to the first Global Company Online forum Latin America held at the Atlantis Palm - Dubai.

Operational Excellence: a Key Driver for Regional Growth

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 statement from organisers stated. Both regions rely on each other for vital items.

In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the region's overall sugar imports, it included. Brazil is by far the biggest trading partner for nations in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC counts on Brazil for meat (generally poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, stated a declaration.

The forum was arranged by the Dubai Chamber of Commerce under the style "Moving Synergies", checks out how organizations can gain from the changing patterns of worldwide need and what role Dubai can play in helping with the next action in service relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by serving as an info and research study centre, by supplying business documentation, using legal services, assisting in networking opportunities through signature company events and delivering practically every possible business option, it mentioned.

GCC growth will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain solid however slow a little. Non-oil activity will be supported by population development, brand-new markets, and public investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector growth will speed up, balancing out in part lower oil prices; financial balances will be combined, with surpluses in UAE and Qatar, however deficits continue elsewhere.

Key Tips for Industrial Excellence in Dubai

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 skill, stated organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 taking a look at "What Does the Next Year of Equity Capital Look Like", speakers agreed that the emerging local financial investment landscape appears promising.

ANSR July GCC PRs 50DR+

Reacting to a concern on local start-ups' prospects of benefiting from recent financial investments in digital infrastructure, Tala Al Jabri, Creator and Handling Partner of Wyld VC said: "We have a lot choosing us in the region: the low expense of energy, a very progressive government that is ahead in policy, guideline and information privacy; and really strong universities that are significantly taking a look at AI and turning out technical skill in AI."She included: "Our supreme objective is to see this region, particularly the GCC, become an AI superpower.

Our most significant motorist right now is buying talent, because in the AI race, it's the technical talent that truly wins."Concentrating on the appearance of the area for financiers, Christos Mastoras, Founder and Handling Partner of Iliad Partners, said: "I believe we are really lucky to onboard the 3 biggest banks of Greece as LPs [Limited Partners] for financial investment in the area.

"International growth funds are can be found in, which reveals clear indications of maturity of the environment The ability of the UAE and regional federal governments to attract skill; their innovation-first technique, abundance of capital here as well as inflow worldwide 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" offers tape-recorded in 2025 in the nation.