Global

Policy & Legal Updates

UAE FSRA Monitors Binance Following 6.3 Billion Dollar Unauthorised Asset Withdrawals

Abu Dhabi's Financial Services Regulatory Authority (FSRA) is monitoring cryptocurrency exchange Binance following an unauthorized withdrawal incident involving approximately $6.3 billion in digital assets. The regulator said it is engaging closely with Binance to protect clients and ensure market integrity. Binance confirmed that roughly $3 billion has been frozen and committed to covering all losses.

Industry News

Middle East and Africa Least Sceptical on AI Data Centres, CARMA Finds

A media analysis by intelligence firm CARMA found that the Middle East and Africa is the least sceptical region globally regarding artificial intelligence data centres. The study evaluated traditional and social media coverage across more than 50 markets, finding that the UAE registered one of the highest shares of positive sentiment. Dominant global discussion themes centred on power supplies, resource usage, grid capacity, and infrastructure pressures.

Industry News

ExxonMobil and Chevron Cancel Executive Trips to UAE Energy Conference ADIPEC

ExxonMobil and Chevron have cancelled travel plans for senior executives scheduled to attend Abu Dhabi's ADIPEC energy conference, citing security concerns. ExxonMobil Chief Executive Darren Woods and Chevron Upstream President Clay Neff withdrew from the event, sources told Reuters. Both companies declined to comment on the cancellations.

Industry News

IATA Survey Finds Entry Rules Discourage 43% of Middle East Travellers

A survey by the International Air Transport Association found that visa and entry procedures deterred 43% of Middle East travellers from visiting certain destinations. Regional respondents reported the world's highest willingness to use digital passports and AI trip-planning tools. Overall satisfaction with air travel in the Middle East reached 90%, tying with Asia-Pacific.