Evaluating Legacy Models and 2026 Economic Strategies

Affirming the development of AI in the region, a report released by PwC previously this month said that the use of AI amongst the workforce in the Middle East continues to increase, with 75 percent of staff members in the area 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 stated that 84 percent of CEOs in the country are prepared to deploy AI responsibly, well above the 76 percent international criteria, supported by the Kingdom's data governance environment, including national efforts led by the Saudi Data and Artificial Intelligence Authority.

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

Leading magnate, policymakers and investors from the GCC and Latin America just recently checked out how nations from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 local and global policymakers, heads of state, CEOs, business leaders, financiers, and industry professionals went to 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 area were $5.6 billion, a statement from organisers stated. Both regions rely on each other for essential products.

In 2015 Latin America supplied almost half the meat imports into the GCC and 36 per cent of the area's overall sugar imports, it added. Brazil is without a doubt 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 (generally poultry), Argentina for cereals, Mexico for automobiles and Chile for wood products, said a statement.

The forum was organised by the Dubai Chamber of Commerce under the theme "Shifting Synergies", checks out how businesses can take advantage of the altering patterns of worldwide need and what role Dubai can play in facilitating the next action in company relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but internationally too, by acting as a details and research study centre, by providing organization documents, offering legal services, helping with networking opportunities through signature company occasions and delivering nearly every possible service option, it stated.

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

How to Maintain a Competitive Edge in Dubai

SHARJAH (WAM) The GCC and larger 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 bring in funds and talent, said service leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). Throughout a panel conversation on the very first day of SEF 2026 analyzing "What Does the Next Year of Venture Capital Appear Like", speakers agreed that the emerging regional investment landscape appears appealing.

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Reacting to a concern on local startups' potential customers of gaining from current investments in digital infrastructure, Tala Al Jabri, Founder and Managing Partner of Wyld VC stated: "We have a lot choosing us in the region: the low cost of energy, a really progressive federal government that is ahead in policy, policy and data privacy; and really strong universities that are increasingly taking a look at AI and turning out technical talent in AI."She included: "Our ultimate objective is to see this area, specifically the GCC, become an AI superpower.

Our biggest motorist right now is buying skill, since in the AI race, it's the technical skill that actually wins."Concentrating on the appearance of the area for investors, Christos Mastoras, Founder and Managing Partner of Iliad Partners, said: "I believe 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 can be found in, which shows clear indications of maturity of the environment The capability of the UAE and regional federal governments to bring in talent; their innovation-first technique, abundance of capital here as well as inflow globally are the crucial foundation."Paula Tavangar, Chief Investment Officer at Injaz Capital said that within the area, Saudi Arabia is leading the number of deals with the greatest worths, with 250 "biggest ticket size" deals tape-recorded in 2025 in the nation.