Evaluating Legacy Systems and Future Business Frameworks thumbnail

Evaluating Legacy Systems and Future Business Frameworks

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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 Creator of Snoonu said it was "crucial to develop limits" in between work and individual life and take short vacations to "disconnect" from the office.

Karim Benkirane, CCO of Du, stated: "If you make the individuals you work with happy, you will make the customer pleased, who will then make the shareholders happy."Ambareen Musa, CEO for Revolut GCC, stated the ability to "not panic" is the key to discovering an option for issues.

This week, we're convening more than 3000 conferences between financiers 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 changing in the region, and what comes next, including the expansion and continuous advancement of the Gulf's capital markets, and the area's growing function in global networks of capital and trade.

Saudi Arabia and UAE are poised to lead the Gulf area's economic expansion in 2026, supported by strong private-sector efficiency, resilient domestic demand and renewed investment momentum, according to the current ICAEW Economic Insight Q4 2025 report, produced by Oxford Economics. The GCC is expected to outperform most worldwide regions peers next year, with local GDP forecast to grow by 4.4%. Throughout the GCC, non-energy activity is predicted to broaden by 4.1% in 2026, driven by strong labour markets, improving credit conditions and rising financial investment in innovation and AI-related facilities.

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Reviewing 2026 GCC Data for Future Growth

Oil earnings will be under pressure in the first half of 2026, production is anticipated to rise once again in the 2nd half of 2026, supporting the area's medium-term outlook, it mentioned. Saudi Arabia will stay a major contributor to GCC momentum, with GDP projection to grow 4.3% in 2026.

Growth will be supported by commercial growth and policy reforms, including reduced foreign ownership rules that intend to promote further financial investment. The financial deficit is projected to broaden to 5.6% of GDP next year amidst softer oil costs, while the recent five-year rent freeze in Riyadh aims to alleviate inflationary pressures, though it may constrain future housing supply.

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

How Qatar's Regulatory Shifts Are Empowering Tech Startups
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Oil production is anticipated to get once again in the 2nd half of 2026, complementing continuous financial investment in facilities, technology and worldwide trade collaborations. Hanadi Khalife, the Head of Middle East, ICAEW, stated: "This quarter's outlook enhances how far the GCC has actually been available in building varied, resistant and internationally competitive economies.

Scott Livermore, ICAEW Economic Consultant, and Chief Economist and Handling Director, Oxford Economics Middle East, stated: "Saudi Arabia and the UAE are getting in 2026 with strong foundations. Saudi non-oil activity is gaining speed, supported by robust need and rising investment, even as financial pressures increase.""The UAE continues to take advantage of solid domestic fundamentals, a sharp uplift in government costs and continual diversity efforts.

Emerging Future Trends Shaping the 2026 GCC Economy

GCC countries are pivoting towards a strategy of 'durability over growth' entering 2026, as the area prepares for a global landscape defined by softer oil rates, geopolitical fragmentation, and the rapid transition to an AI-enabled economy. According to a brand-new regional outlook by PwC, the GCC is transferring to insulate its growth from external shocks by deepening international trade integration, securing commercial supply chains, and executing a definitive shift from technology aspiration to operational implementation.

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Negotiations for Free Trade Agreements with China, the EU, and Japan are advancing, while talks with the UK have entered last preparing stages. The region is significantly placing itself as a central center for east-west trade through the IndiaMiddle EastEurope Economic Corridor (IMEC). To support domestic production, securing important minerals has actually ended up being a strategic top priority.

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