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."
Netflix is cutting about 6 per cent of its workforce, or roughly 1,000 jobs, in its biggest round of layoffs since 2022, the Wall Street Journal reported on Wednesday, citing an email sent to employees.
Sheikh Maktoum bin Mohammed bin Rashid Al Maktoum, First Deputy Ruler of Dubai, Deputy Prime Minister and Minister of Finance, has explored opportunities for cooperation in the banking sector during talks with Bernard Mensah, President of International for Bank of America.
Small AI models may be only months away from being able to copy themselves onto everyday internet-connected devices, such as smart ovens and cheap Android TV boxes, according to research published by Anthropic on Monday.
His Highness Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai, Deputy Prime Minister and Minister of Defence, has praised the progress of the Dubai Cashless Strategy, with cashless transactions now accounting for 90.1 per cent of all transactions in the Emirate.
The Dubai Integrated Economic Zones Authority (DIEZ) has announced the doubling of the venture capital fund managed by its investment arm, Oraseya Capital, from AED500 million to AED1 billion.
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