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.
ADNOC Distribution has reported a net profit growing by 15.6 per cent year-on-year to $579 million in the first nine months, with an EBITDA increase of 12 per cent to $885 million, its strongest performance since listing in 2017.
TECOM Group has announced a 20 per cent revenue growth reaching more than AED 2.1 billion, with a net profit exceeding AED 1.1 billion, marking an 18 per cent year-on-year increase.
The Dubai Financial Market (DFM) has announced its consolidated financial results for the nine months ending September 30, reporting a net profit before tax of AED 930.8 million, an increase of 212 per cent compared to the same period in 2024.
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.
The UAE has launched an urgent humanitarian mission to assist communities affected by Hurricane Melissa, which devastated parts of Jamaica, Haiti and Cuba.
His Highness Sheikh Khaled bin Mohamed bin Zayed Al Nahyan, Crown Prince of Abu Dhabi, looked at ways to advance cooperation with South Korea in key sectors during talks with President Lee Jae-myung in Gyeongju.