Comparing Legacy Systems and Future Economic Frameworks

Verifying the growth of AI in the region, a report released by PwC earlier this month stated that the usage of AI among the workforce in the Middle East continues to rise, 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 progress in the technology sector and said that 84 percent of CEOs in the nation are all set to deploy AI responsibly, well above the 76 percent global benchmark, supported by the Kingdom's information governance community, including national initiatives led by the Saudi Data and Expert System Authority.

Policymakers are believing holistically about how to make the area attractive, including having more pragmatic laws to permit for experimentation and development," said the report.

Leading magnate, policymakers and financiers from the GCC and Latin America just recently checked out how countries from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 local and international policymakers, presidents, CEOs, organization leaders, financiers, and industry professionals participated in the first Global Service Forum Latin America held at the Atlantis Palm - Dubai.

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In 2015 the GCC made up 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 area were $5.6 billion, a statement from organisers stated. Both regions depend on each other for vital 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 by far the largest trading partner for countries in the region, followed by Argentina and Mexico. Amongst the Latin American states, the GCC relies on Brazil for meat (mainly poultry), Argentina for cereals, Mexico for cars and Chile for wood products, stated a declaration.

The online forum was organised by the Dubai Chamber of Commerce under the theme "Moving Synergies", explores how businesses can benefit from the changing patterns of worldwide need and what role Dubai can play in facilitating the next action in organization relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC however internationally too, by functioning as an information and research study centre, by supplying organization documentation, using legal services, assisting in networking chances by means of signature organization events and providing almost every possible business option, it mentioned.

GCC development will reinforce in 2026, led by faster growth in hydrocarbons; non-oil growth will stay strong but sluggish somewhat. Non-oil activity will be supported by population growth, new industries, and public investment; inflation will remain soft, while financial policy will loosen up. Hydrocarbons sector development will speed up, offsetting in part lower oil rates; financial balances will be mixed, with surpluses in UAE and Qatar, but deficits continue elsewhere.

Evaluating Legacy Models and Future Economic Frameworks

SHARJAH (WAM) The GCC and larger 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 drawing in funds and talent, stated magnate at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel discussion on the first day of SEF 2026 examining "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging local investment landscape appears appealing.

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Reacting to a question on regional start-ups' potential customers of gaining from recent financial investments in digital infrastructure, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have a lot going for us in the area: the low expense of energy, a really progressive federal government that is ahead in policy, policy and information privacy; and actually strong instructional institutions that are progressively looking at AI and ending up technical skill in AI."She added: "Our ultimate goal is to see this area, specifically the GCC, become an AI superpower.

Our biggest chauffeur right now is purchasing skill, due to the fact that in the AI race, it's the technical skill that truly wins."Focusing on the attractiveness of the area for financiers, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I think we are very fortunate to onboard the three biggest banks of Greece as LPs [Limited Partners] for financial investment in the area.

"International growth funds are being available in, which reveals clear signs of maturity of the environment The ability of the UAE and local governments to draw in skill; their innovation-first technique, abundance of capital here in addition to inflow worldwide are the essential foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of offers with the greatest values, with 250 "biggest ticket size" offers recorded in 2025 in the nation.