Evaluating Legacy Systems and Future Economic Strategies

Verifying the growth of AI in the region, a report launched by PwC earlier this month said that the use of AI amongst the labor force in the Middle East continues to rise, with 75 percent of workers in the region using it in their jobs over the past 12 months.

In November, a report released by KPMG highlighted Saudi Arabia's development 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 global standard, supported by the Kingdom's data governance ecosystem, consisting of nationwide efforts led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are believing holistically about how to make the area attractive, consisting of having more pragmatic laws to permit experimentation and growth," stated the report.

Leading business leaders, 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 local and global policymakers, heads of state, CEOs, magnate, financiers, and market specialists attended the first Global Service 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 products from Latin America. And exports to Latin America from the region were $5.6 billion, a declaration from organisers said. Both areas count on each other for vital items.

In 2015 Latin America provided almost half the meat imports into the GCC and 36 per cent of the area's total sugar imports, it added. Brazil is by far the largest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC depends on Brazil for meat (primarily poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, stated a statement.

The online forum was organised by the Dubai Chamber of Commerce under the style "Moving Synergies", explores how businesses can take advantage of the changing patterns of global demand and what role Dubai can play in facilitating 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 functioning as a details and research centre, by supplying business paperwork, providing legal services, helping with networking chances via signature company events and providing nearly every possible business service, it specified.

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

How to Secure a Competitive Advantage in 2026

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 drawing in funds and talent, said organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the first day of SEF 2026 examining "What Does the Next Year of Endeavor Capital Look Like", speakers concurred that the emerging regional investment landscape appears appealing.

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Responding to a concern on local start-ups' prospects of taking advantage of recent investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have so much opting for us in the area: the low expense of energy, an extremely progressive federal government that is ahead in policy, regulation and data personal privacy; and truly strong educational institutions that are progressively taking a look at AI and turning out technical skill in AI."She included: "Our supreme goal is to see this area, particularly the GCC, end up being an AI superpower.

Our greatest driver right now is investing in skill, due to the fact that in the AI race, it's the technical skill that really wins.

"International development funds are being available in, which reveals clear signs of maturity of the environment The capability of the UAE and regional federal governments to draw in talent; their innovation-first method, abundance of capital here as well as inflow worldwide are the crucial structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the number of offers with the greatest worths, with 250 "largest ticket size" offers tape-recorded in 2025 in the nation.