Software, telecommunications and digital infrastructure
Cryptocurrency exchange Binance reported a security breach affecting an estimated $6.3 billion in digital assets, with roughly $3 billion frozen so far. A preliminary investigation suggests an attacker accessed internal systems via an engineer's laptop, though private keys were not compromised. The platform temporarily suspended deposits and withdrawals and pledged to cover all losses.
ADIPEC 2026 is scheduled to take place in Abu Dhabi from November 2 to 5, bringing together more than 40 ministers and global CEOs. The event features a record 2,260 exhibiting companies across 16 fully booked halls, alongside 30 country pavilions. More than 239,000 attendees from over 170 countries are expected to participate.
OpenAI EMEA Managing Director Emmanuel Marill stated that paid ChatGPT consumer subscriptions in the UAE grew over 80 percent in the year to September 2026. Speaking to Gulf Business, Marill outlined OpenAI's local Inference Residency offering for regulated UAE entities and the regional rollout of ChatGPT Ads. He noted that four in five young adults aged 18 to 34 in the UAE use the platform weekly.
The UAE Ministry of Finance has introduced a revised penalty framework for electronic invoicing non-compliance, replacing Cabinet Decision No. 106 of 2025. The update introduces a Dh50,000 cap on implementation-related fines within any consecutive 12 months and removes penalties for failing to report system failures. The revised rules also ensure companies are not subjected to duplicate fines for the same breach.
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