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.
H.H. Sheikh Hamdan approves second AED 1.5bn economic incentives package
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Dubai's Crown Prince and the UAE's Deputy Prime Minister and Defence Minister, has approved an additional AED 1.5 billion support package for Dubai’s business sector.
UAE plans nationwide Eid celebrations for workers
The Ministry of Human Resources and Emiratisation (MoHRE) will organise Eid Al Adha celebrations for workers at 30 locations across the UAE.
Tow truck driver dies during unloading accident in Dubai
Dubai Police are urging recovery vehicle operators to follow strict safety procedures following the death of a tow truck driver in an unloading accident.
Dubai renames street after historic landmark
Dubai has renamed Al Faghi Street in Al Khawaneej to Sheikh Zayed Farm Street, in recognition of its historic role in the UAE’s Union story.
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