By 2020 more transactions will be completed with digital payments than cash in the UAE. That’s according to the digital payments service company, Triple, which says that 75% of transactions in the UAE currently use cash, but that figure is set to plunge. It’s as demand is increasing for technology such as mobile wallets, electronic payments and global money transfers. Triple adds that consumers, including the ‘unbanked', are looking for more convenient ways to spend, send and receive money.
Salik to apply peak-hour toll rates for Dubai Ride
Toll gate operator Salik said it will charge peak-hour fees on Sunday, November 2, as the Dubai Fitness Challenge's first flagship event - Dubai Ride - gets underway.
Mattar Al Tayer named Chairman of MBR Endowment District Board
His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President and Prime Minister of the UAE and Ruler of Dubai, has approved the Mohammed bin Rashid Endowment District Board of Trustees and appointed Mattar Al Tayer as its Chairman.
Sheikh Khaled calls for integrated global economic system at APEC
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, has stressed the need to build an integrated global economic system to overcome challenges faced around the globe.
UAE launches aid mission for hurricane-hit Caribbean nations
The UAE has launched an urgent humanitarian mission to assist communities affected by Hurricane Melissa, which devastated parts of Jamaica, Haiti and Cuba.
