UAE 🇦🇪 has frozen the contract actions for the purchase of 80 fighter jets.

The founder of Telegram, a Dubai based billionaire Pavel Durov who's a U.A.E. citizen was arrested 2 days ago by French authorities from an airport near Paris when he was boarding a private jet.

Durov has direct contact with Hamdan bin Mohammed Al Makhtoum and the UAE has asked for clarifications about the arrest.

France just lost $10B in one day.