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."
The tech-heavy Nasdaq Composite index was set to confirm it was in a bear market on Friday, down more than 20 per cent from a recent record high, as investors fled riskier assets on fears that tariffs imposed by President Donald Trump could spark a trade war and tip the global economy into recession.
UAE-based Dana Gas and Crescent Petroleum, alongside their partners in the Pearl Petroleum consortium, have said the cumulative production from their Khor Mor project, the largest non-associated gas field in Iraq, has exceeded 500 million barrels of oil equivalent (boe).
China has announced a slew of additional tariffs and restrictions against US goods as a countermeasure to sweeping tariffs imposed by US President Donald Trump. The Finance Ministry said it would impose additional tariffs of 34 per cent on all US goods from April 10.
Stocks limped to the end of the week on Friday, the dollar was set for its worst week in a month while gold flirted with a record peak as investors feared US President Donald Trump's sweeping tariffs would tip the global economy into a recession.