Dubai's Roads and Transport Authority's (RTA) digital platforms generated a 32 per cent increase in revenue in 2021, totalling AED 3.5 billion.
The number of smart app transactions clocked 1.2 million in 2021, representing an upsurge of 44 per cent as compared to 2020.
Meanwhile, the number of digital transactions touched 676 million, marking a 28 per cent increase over 527 million the previous year.
The number of registered users on digital service platforms exceeded two million, with almost one million of them being active users.
Downloads of RTA’s smart apps reached 6.1 million, digital adoption index of RTA’s services amounted to 95.2 per cent and compliance with the Dubai Data Law clocked 100 per cent.
"RTA has so far accomplished 76 projects out of a total of 106 projects listed in its digital strategy," said Mattar Al Tayer, Director-General, Chairman of the Board of Executive Directors of RTA.
"Work is currently up and running on 14 projects, and 16 projects will be undertaken in future."
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.