On Thursday, UAE authorities issued a warning, cautioning residents against engaging with fraudulent investment entities. The Securities and Commodities Authority (SCA) alerted the public about fake ads circulating on social media, urging people to 'subscribe in Etihad Airways shares'. Both the SCA and Etihad Airways advised investors not to engage with these 'fictitious advertisements'. Residents have been consistently reminded to trust only official sources for information. The SCA emphasized the importance of verifying the identity of any entity before signing agreements or conducting financial transactions, as stated in a recent notice. Information about licensed companies is easily accessible on the SCA's official website, according to the regulator.