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Technology & Digital Economy

Software, telecommunications and digital infrastructure

Policy & Legal Updates
Source: Emirates 24|7

Sharjah Police Secure AED 65 Billion in Corporate Assets and Arrest 33

Sharjah Police, in coordination with the UAE Ministry of Interior, dismantled four interconnected cross-border criminal networks and arrested 33 suspects from 12 nationalities. The operation secured company assets valued at AED 65 billion across more than 30 international entities and seized over AED 200 million in funds. Authorities reported that the syndicate engaged in cyberattacks, data theft, digital wallet fraud, and money laundering totaling AED 8.83 billion.

Policy & Legal Updates
Source: Emirates 24|7

Dubai Court Orders $468,332 Repayment Following $803,000 Crypto Phishing Scam on X

The Dubai Civil Court of First Instance ordered a defendant to return $468,332 in cryptocurrency, or its equivalent in dirhams, to a victim who lost $803,000 in an X phishing scam. Dubai Police traced the stolen assets through decentralized wallet swaps into the defendant's registered trading account. The court also awarded the victim Dh50,000 in moral damages following a final criminal conviction.

Industry News
Source: Gulf Business

WEF and Bain Report Projects AI Could Unlock $1 Trillion Across MENA

A report by the World Economic Forum and Bain & Company projects artificial intelligence could unlock over $1 trillion in economic and sustainability value across MENA by 2030. The valuation encompasses sustainable finance, public investment flows, avoided asset losses, and energy-sector gains. While 89 percent of regional sustainability leaders acknowledge AI's high potential, active implementation remains limited to between 40 and 55 percent.

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