Comparing Legacy Systems and Future Economic Frameworks thumbnail

Comparing Legacy Systems and Future Economic Frameworks

Published Aug 24, 26
4 min read


El Houni asked the speakers to share what keeps them "on-point" at work and what guidance they have for the audience. Hamad Al Hajri, CEO and Founder of Snoonu stated it was "important to build borders" in between work and individual life and take short holidays to "disconnect" from the office.

Karim Benkirane, CCO of Du, said: "If you make the people you work with happy, you will make the customer delighted, who will then make the investors happy."Ambareen Musa, CEO for Revolut GCC, said the ability to "not stress" is the essential to discovering a service for issues.

Today, we're convening more than 3000 conferences between investors and 119 Gulf-listed companies with a combined value of $2.4 trillion at the HSBC GCC Exchanges Conference 2026, in London. We're uniting investors, companies, exchanges, and policymakers to discuss what is altering in the area, and what follows, including the growth and ongoing development of the Gulf's capital markets, and the region's growing function in global networks of capital and trade.

Saudi Arabia and UAE are poised to lead the Gulf area's financial growth in 2026, supported by strong private-sector efficiency, durable domestic need and renewed financial investment momentum, according to the current ICAEW Economic Insight Q4 2025 report, produced by Oxford Economics. The GCC is anticipated to outshine most worldwide areas peers next year, with regional GDP projection to grow by 4.4%. Across the GCC, non-energy activity is forecasted to expand by 4.1% in 2026, driven by strong labour markets, improving credit conditions and rising financial investment in innovation and AI-related infrastructure.

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Driving Dubai Corporate Growth through Strategy

Although oil profits will be under pressure in the very first half of 2026, production is anticipated to increase once again in the 2nd half of 2026, supporting the region's medium-term outlook, it specified. Saudi Arabia will remain a major contributor to GCC momentum, with GDP projection to grow 4.3% in 2026.

Development will be supported by industrial expansion and policy reforms, including eased foreign ownership guidelines that aim to stimulate additional financial investment. The fiscal deficit is forecasted to widen to 5.6% of GDP next year amidst softer oil costs, while the current five-year lease freeze in Riyadh intends to relieve inflationary pressures, though it may constrain future housing supply.

Strong domestic fundamentalsThe UAE is likewise positioned for another strong year of performance, with GDP projection to rise 5.6% in 2026 as non-oil sectors continue to broaden. Tourist, trade and monetary services stay crucial development drivers, supported by population growth and continual domestic need. Dubai's economy grew 4.4% in the first half of 2025, reflecting broad-based non-oil strength.

Essential Tips for Operational Excellence in the GCC
ANSR July GCC PRs 50DR+ANSR July GCC PRs 50DR+


Oil production is expected to pick up again in the second half of 2026, matching ongoing investment in infrastructure, innovation and international trade partnerships. Hanadi Khalife, the Head of Middle East, ICAEW, stated: "This quarter's outlook strengthens how far the GCC has actually come in structure diverse, resilient and internationally competitive economies.

Scott Livermore, ICAEW Economic Advisor, and Chief Economic Expert and Handling Director, Oxford Economics Middle East, stated: "Saudi Arabia and the UAE are going into 2026 with strong foundations. Saudi non-oil activity is acquiring speed, supported by robust demand and increasing financial investment, even as fiscal pressures increase.""The UAE continues to take advantage of strong domestic basics, a sharp uplift in government costs and sustained diversification efforts.

Navigating the Next Middle East Corporate Landscape

GCC countries are pivoting towards a strategy of 'resilience over growth' entering 2026, as the region prepares for an international landscape specified by softer oil prices, geopolitical fragmentation, and the quick transition to an AI-enabled economy. According to a brand-new local outlook by PwC, the GCC is transferring to insulate its development from external shocks by deepening worldwide trade combination, securing commercial supply chains, and performing a decisive shift from technology aspiration to operational application.

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Settlements for Free Trade Agreements with China, the EU, and Japan are advancing, while talks with the UK have gone into last drafting stages. The area is significantly placing itself as a central hub for east-west trade through the IndiaMiddle EastEurope Economic Corridor (IMEC). To support domestic manufacturing, securing crucial minerals has actually ended up being a tactical priority.

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