Comparing Traditional Systems and 2026 Business Strategies

Verifying 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 jobs over the past 12 months.

In November, a report launched by KPMG highlighted Saudi Arabia's development in the technology sector and said that 84 percent of CEOs in the nation are all set to deploy AI responsibly, well above the 76 percent international criteria, supported by the Kingdom's information governance community, consisting of nationwide 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 enable for experimentation and development," stated the report.

Leading magnate, policymakers and investors from the GCC and Latin America just recently checked out how countries from the 2 regions can grow trade between each other in Dubai, UAE.More than 500 regional and worldwide policymakers, presidents, CEOs, organization leaders, financiers, and industry professionals went to the very first Global Business 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 regions count on each other for vital products.

In 2015 Latin America supplied nearly half the meat imports into the GCC and 36 per cent of the region's total sugar imports, it included. Brazil is by far the biggest trading partner for nations in the area, followed by Argentina and Mexico. Among the Latin American states, the GCC counts on Brazil for meat (generally poultry), Argentina for cereals, Mexico for automobiles and Chile for wood items, said a declaration.

The online forum was organised by the Dubai Chamber of Commerce under the style "Shifting Synergies", checks out how businesses can gain from the changing patterns of global need and what function Dubai can play in assisting in the next action in business relations. Dubai Chamber takes a pioneering position not just in the UAE and in the GCC but worldwide too, by acting as an info and research study centre, by supplying service paperwork, offering legal services, facilitating networking chances by means of signature organization occasions and delivering practically every imaginable company solution, it specified.

GCC growth will strengthen in 2026, led by faster expansion in hydrocarbons; non-oil growth will remain strong but 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 up. Hydrocarbons sector growth will accelerate, balancing out in part lower oil rates; financial balances will be mixed, with surpluses in UAE and Qatar, however deficits persist in other places.

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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 attracting funds and talent, said business leaders at the 9th edition of Sharjah Entrepreneurial Festival (SEF 2026). During a panel discussion on the first day of SEF 2026 analyzing "What Does the Next Year of Equity Capital Appear Like", speakers concurred that the emerging local investment landscape appears promising.

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Responding to a concern on local start-ups' potential customers of benefiting from recent financial investments in digital facilities, Tala Al Jabri, Founder and Handling Partner of Wyld VC stated: "We have so much going for us in the area: the low cost of energy, a really progressive government that is ahead in policy, policy 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 included: "Our ultimate goal is to see this area, specifically the GCC, become an AI superpower.

Our biggest driver right now is investing in skill, since in the AI race, it's the technical skill that actually wins.

"International growth funds are can be found in, which reveals clear indications of maturity of the environment The capability of the UAE and regional governments to bring in talent; their innovation-first method, abundance of capital here along with inflow globally are the crucial foundation."Paula Tavangar, Chief Financial Investment Officer at Injaz Capital stated that within the area, Saudi Arabia is leading the number of handle the highest values, with 250 "largest ticket size" deals taped in 2025 in the nation.