Comparing Legacy Systems and Future Economic Frameworks

Verifying the development 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 staff members in the area utilizing it in their tasks over the past 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 ready to deploy AI properly, well above the 76 percent worldwide standard, supported by the Kingdom's data governance environment, consisting of national efforts led by the Saudi Data and Artificial Intelligence Authority.

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

Top magnate, policymakers and investors from the GCC and Latin America recently checked out how nations from the 2 areas can grow trade in between each other in Dubai, UAE.More than 500 local and global policymakers, heads of state, CEOs, company leaders, investors, and industry specialists went to the very first Global Organization Online 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 products from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers stated. Both areas count on each other for vital products.

In 2015 Latin America provided nearly half the meat imports into the GCC and 36 percent of the area's total 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 depends on Brazil for meat (generally poultry), Argentina for cereals, Mexico for vehicles and Chile for wood items, said a declaration.

The forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how services can gain from the altering patterns of global demand and what role Dubai can play in helping with the next action in service relations. Dubai Chamber takes a pioneering position not only in the UAE and in the GCC but internationally too, by serving as an info and research centre, by offering company paperwork, offering legal services, facilitating networking opportunities by means of signature service occasions and delivering practically every imaginable company solution, it specified.

GCC growth will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil development will remain strong however slow somewhat. Non-oil activity will be supported by population growth, brand-new markets, and public investment; inflation will remain soft, while monetary policy will loosen. Hydrocarbons sector development will speed up, balancing out in part lower oil rates; financial balances will be combined, with surpluses in UAE and Qatar, but deficits persist somewhere else.

Will Market Research Define Middle East Industrial Growth?

SHARJAH (WAM) The GCC and larger Middle East area 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, stated business leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout 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 regional investment landscape appears appealing.

ANSR July GCC PRs 50DR+

Responding to a question on regional startups' prospects of gaining from current financial investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC said: "We have so much going for us in the region: the low expense of energy, an extremely progressive government that is ahead in policy, guideline and data personal privacy; and really strong universities that are progressively taking a look at AI and turning out technical talent in AI."She included: "Our supreme goal is to see this region, specifically the GCC, end up being an AI superpower.

Our greatest driver today is buying talent, since in the AI race, it's the technical skill that actually wins."Focusing on the beauty of the area for investors, Christos Mastoras, Founder and Handling Partner of Iliad Partners, said: "I believe we are really lucky to onboard the three biggest banks of Greece as LPs [Limited Partners] for investment in the region.

"International development funds are can be found in, which shows clear signs of maturity of the ecosystem The capability of the UAE and local governments to draw in skill; their innovation-first technique, abundance of capital here along with inflow internationally are the crucial foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the variety of handle the greatest worths, with 250 "biggest ticket size" offers taped in 2025 in the country.