Comparing Legacy Models and 2026 Economic Frameworks

Affirming the development of AI in the region, a report launched by PwC earlier this month stated that the usage of AI among the workforce in the Middle East continues to increase, with 75 percent of staff members in the region using it in their jobs over the past 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's progress in the technology sector and stated that 84 percent of CEOs in the country are all set to release AI responsibly, well above the 76 percent worldwide benchmark, supported by the Kingdom's information governance environment, including national initiatives led by the Saudi Data and Expert System Authority.

Policymakers are believing holistically about how to make the region appealing, consisting of having more pragmatic laws to permit experimentation and development," stated the report.

Leading service leaders, policymakers and financiers from the GCC and Latin America just recently checked out how countries from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 regional and global policymakers, presidents, CEOs, magnate, investors, and industry professionals went to the very 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 items 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 necessary products.

In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent 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 relies on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for lorries and Chile for wood items, said a statement.

The forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", explores how businesses can benefit from the altering patterns of global need and what function Dubai can play in helping with 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 acting as an information and research centre, by providing business documents, using legal services, facilitating networking opportunities by means of signature organization events and providing nearly every conceivable service solution, it specified.

GCC development will enhance in 2026, led by faster growth in hydrocarbons; non-oil development will remain strong however sluggish somewhat. Non-oil activity will be supported by population development, brand-new industries, and public financial investment; inflation will stay soft, while financial policy will loosen. Hydrocarbons sector development will speed up, offsetting in part lower oil costs; fiscal balances will be combined, with surpluses in UAE and Qatar, however deficits continue in other places.

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SHARJAH (WAM) The GCC and wider 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 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 taking a look at "What Does the Next Year of Equity Capital Look Like", speakers concurred that the emerging local investment landscape appears appealing.

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Reacting to a question on regional startups' potential customers of taking advantage of current financial investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have so much choosing us in the area: the low expense of energy, a very progressive federal government that is ahead in policy, regulation and data personal privacy; and really strong universities that are significantly looking at AI and turning out technical skill in AI."She included: "Our ultimate goal is to see this area, particularly the GCC, become an AI superpower.

Our biggest motorist today is buying talent, because in the AI race, it's the technical skill that actually wins."Focusing on the beauty of the area for financiers, 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 being available in, which reveals clear signs of maturity of the community The ability of the UAE and regional federal governments to draw in talent; their innovation-first approach, abundance of capital here along with inflow internationally are the crucial building blocks."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the variety of deals with the highest values, with 250 "biggest ticket size" deals recorded in 2025 in the country.