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Policy & Legal Updates
Source: Business Wire

Kraken Secures Full Market Approval from Dubai’s VARA for UAE Operations

Payward, the parent company of cryptocurrency exchange Kraken, has secured Full Market Approval from Dubai's Virtual Assets Regulatory Authority for its subsidiary Payward FZCO. The license permits the entity to operate as a regulated Virtual Asset Service Provider for retail, professional, and institutional clients. The platform will support AED-denominated pairs alongside direct dirham deposits and withdrawals.

China–UAE News
Source: Global Times

UAE Showcases Chinese-Made L-15 Jets in Morocco Ahead of Airshow China

The UAE Air Force's Al Fursan aerobatic display team demonstrated Chinese-built L-15E advanced trainer jets at the Marrakech Air Show 2026 in Morocco. The team has also been invited to perform alongside Russia's Russian Knights at the 16th China International Aviation and Aerospace Exhibition in Beijing. Observers note that these international appearances highlight the growing global adoption and versatility of Chinese aviation platforms.

Industry News
Source: UrduPoint

UAE Space Economy Spending Increases 27.1 Percent to AED 5.52 Billion

Total expenditure in the UAE space economy expanded by 27.1 percent to AED 5.52 billion, according to the latest Space Economic Survey released by the UAE Space Agency and the Federal Competitiveness and Statistics Centre. The commercial sector accounted for 48 percent of total spending, reaching AED 2.64 billion. The survey also recorded significant increases in Emirati participation, youth employment, and female representation across the sector.

China–UAE News
Source: Zawya

Dubai CommerCity and Tencent Cloud Partner to Expand Digital Commerce Solutions

Dubai CommerCity has signed a partnership agreement with Tencent Cloud at Tencent's headquarters in Shenzhen, China. Under the agreement, Tencent Cloud will provide cloud computing products and digital services to businesses registered in the free zone. The collaboration also encompasses joint initiatives including industry events, exhibitions, hackathons, and training workshops.

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