Comparing Traditional Systems and 2026 Economic Strategies

Verifying the development of AI in the area, a report launched by PwC earlier this month said that the usage of AI amongst the workforce in the Middle East continues to increase, with 75 percent of workers in the area using it in their jobs over the previous 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 country are ready to release AI responsibly, well above the 76 percent international standard, supported by the Kingdom's data governance community, including national initiatives led by the Saudi Data and Artificial Intelligence Authority.

Policymakers are thinking holistically about how to make the area appealing, consisting of having more practical laws to allow for experimentation and growth," said the report.

Leading magnate, policymakers and financiers from the GCC and Latin America just recently explored how nations from the 2 regions can grow trade in between each other in Dubai, UAE.More than 500 local and international policymakers, heads of state, CEOs, company leaders, financiers, and industry specialists attended the very first Global Company 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 goods from Latin America. And exports to Latin America from the area were $5.6 billion, a declaration from organisers said. Both regions depend on each other for essential products.

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

The online forum was arranged by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how organizations can gain from the changing 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 just in the UAE and in the GCC however worldwide too, by acting as an information and research centre, by offering service documents, offering legal services, helping with networking chances via signature service occasions and providing nearly every conceivable company service, it specified.

GCC development will enhance in 2026, led by faster growth in hydrocarbons; non-oil growth will remain strong however slow a little. Non-oil activity will be supported by population development, brand-new industries, and public financial investment; inflation will remain soft, while financial policy will loosen. Hydrocarbons sector development will speed up, balancing out in part lower oil prices; financial balances will be mixed, with surpluses in UAE and Qatar, however deficits persist in other places.

Driving Regional Industrial Growth through Innovation

SHARJAH (WAM) The GCC and broader Middle East area 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 talent, said organization leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel conversation on the first day of SEF 2026 taking a look at "What Does the Next Year of Venture Capital Look Like", speakers agreed that the emerging regional financial investment landscape appears appealing.

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Reacting to a concern on regional startups' prospects of taking advantage of recent financial investments in digital facilities, Tala Al Jabri, Creator 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 really strong academic institutions that are increasingly taking a look at AI and ending up technical skill in AI."She added: "Our supreme objective is to see this region, specifically the GCC, become an AI superpower.

Our greatest chauffeur today is buying talent, due to the fact that in the AI race, it's the technical skill that truly wins."Focusing on the appearance of the area for investors, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I think we are really lucky to onboard the three largest banks of Greece as LPs [Limited Partners] for financial investment in the area.

"International growth funds are can be found in, which reveals clear signs of maturity of the ecosystem The ability of the UAE and regional federal governments to attract talent; their innovation-first method, abundance of capital here along with inflow internationally are the key structure blocks."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital said that within the region, Saudi Arabia is leading the number of handle the greatest values, with 250 "biggest ticket size" offers recorded in 2025 in the nation.