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Technology & Digital Economy

Software, telecommunications and digital infrastructure

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.

Policy & Legal Updates
Source: Arab News

UAE Developing AI Tool to Alert Commercial Exporters to Market Barriers

The UAE is creating an artificial intelligence-enabled system to notify commercial exporters when goods face market barriers and suggest alternative destinations. Foreign Trade Undersecretary Fahad Al-Gergawi stated the system will help exporters manage rising global tariffs. UAE non-oil foreign trade expanded 27 percent in 2025 to reach 3.8 trillion dirhams.

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