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Policy & Legal Updates
Source: The Filipino Times

UAE Ministry of Interior Warns Against Fraudulent Investment and Trading Schemes

The UAE Ministry of Interior has warned the public and investors against fraudulent investment and trading schemes that promise high returns. Authorities advised individuals to verify platform licensing before transferring funds or cryptocurrency. The ministry emphasized that legitimate investment entities do not guarantee profits or pressure users into urgent payments.

Industry News
Source: Gulf News

UAE Launches Altair-1, First Commercial Satellite Built in the Country

The UAE has launched Altair-1, its first domestically manufactured commercial satellite, aboard a SpaceX rideshare mission from California. Assembled at Orbitworks' KEZAD facility in Abu Dhabi, the satellite is the first of a planned 10-satellite AI-enabled Earth observation constellation. The milestone aligns with the UAE's National Space Strategy 2031 and industrial manufacturing initiatives.

Policy & Legal Updates
Source: scmp.com

Japan Imposes Sanctions on Russian Oil Fleet and UAE-Based Entities

Japan has introduced additional sanctions targeting Russia's shadow fleet of oil-transporting vessels, according to the Foreign Ministry. The measures restrict maritime services to 35 ships and impose export bans on four entities located in the UAE and Turkey. Restrictions also apply to 33 Russian-linked entities, nine individuals, and 102 export items.

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