Dubai's Roads and Transport Authority (RTA) has announced its digital revenues for 2023 grew by 16.8 per cent, reaching AED 3.705 billion compared to the previous year.
Mattar Al Tayer, Director General and Chairman of the Board of Executive Directors of the RTA, said the total number of digital transactions conducted through RTA’s channels rose to 821 million, reflecting a 1 per cent increase from 2022.
Transactions via smart apps recorded 15.299 million, marking a 29 per cent growth.
Al Tayer emphasised the RTA’s dedication to digital transformation, stating, "In 2023, the number of registered users on RTA’s digital service channels reached 1.404 million, reflecting a 20 per cent increase compared to 2022. RTA’s apps were installed 3.056 million times from app stores.”
Additionally, the RTA has developed its range of smart kiosks, deploying 30 new kiosks across 21 customer happines
s centres and service provider locations, generating revenues of over AED 309 million in 2023, a 12 per cent increase compared to 2022.
DMCC — Dubai’s leading international business district — has announced plans to create a new Financial Centre that will anchor trade finance, fintech innovation and digital asset solutions across its 26,000-member community.
The Central Bank of the UAE (CBUAE) has decided to cut the Base Rate applicable to the Overnight Deposit Facility (ODF) by 25 basis points, from 4.15 per cent to 3.90 per cent, effective from Thursday, October 30.
Syrian President Ahmed Al-Sharaa announced that the country has attracted approximately $28 billion in investments during the first six months of this year, highlighting significant participation from companies based in the UAE, Saudi Arabia, and Qatar.
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has emphasised the UAE's commitment to strengthening economic ties with African nations.
Apple Inc. shares fell Monday after a closely followed analyst warned that demand for the firm’s new iPhone 16 Pro model has been lower than expected. Is this a sign that the AI software just isn’t ready?
Dubai’s current population is more than double compared to almost twenty years ago, which now stands at 3.7 million. Lots of families are also moving to the UAE now. So what does it mean for the property market?