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United Arab Emirates (UAE) Cards and Payments Market Opportunities and Risks Report 2021-2024 - ResearchAndMarkets.com
April 12, 2021 GMT
DUBLIN (BUSINESS WIRE) Apr 12, 2021
‘United Arab Emirates (UAE) Cards and Payments - Opportunities and Risks to 2024’ report provides detailed analysis of market trends in the Emirati cards and payments industry. It provides values and volumes for a number of key performance indicators in the industry, including cash, cards, credit transfers, direct debits, and cheques during the review-period (2016-20e).
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The report also analyzes various payment card markets operating in the industry, and provides detailed information on the number of cards in circulation, transaction values and volumes during the review-period and over the forecast-period (2020e-24f). It also offers information on the country’s competitive landscape, including t
Farmobile Awarded U.S. Patent For Farm Data Collection And Exchange System
LEAWOOD, KAN. (BUSINESS WIRE)
Farmobile LLC, Agriculture’s Independent Data Company™, today announced that the United States Patent and Trademark Office (USPTO) has issued U.S. Patent No. 10,963,825, entitled “Farming Data Collection and Exchange System.”
The patent is directed to a cloud-based farming data collection and exchange system capable of capturing, processing and sharing machine-generated data while being used for farming operations, such as fertilizing, planting, spraying or harvesting crops on a field. The patented online system includes a relay device installed in the farming vehicle that automatically receives, stores and processes detailed machine and agricultural data captured by the machine during farming operations.
FTA, SEDD hold tax workshop for industrial investors
3 hours ago Picture used for illustrative purpose. The Federal Tax Authority (FTA) and Sharjah Economic Development Department (SEDD) organised the second virtual tax workshop for investors in the industrial sector.
This workshop dealt with the country’s legislation and tax procedures, with the aim of overcoming obstacles that investors may face to provide support to companies and factories operating in the emirate. Also, it highlighted procedures related to value added taxes, as well as FTA’s role in administering and collecting federal taxes, based on the best standards to encourage and support taxpayers to comply with tax regulations.
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“The launch of the Monetary Bills programme earlier this year, along with the existing Islamic Certificates of Deposits programme, facilitates the development of this innovative facility, Khaled Mohamed Balama, governor of the CBUAE, said.
“I am confident that the financial markets infrastructure deployed for this facility will not only enable licensed financial institutions to mitigate intraday liquidity risks, when there are timing mismatches between their daily inflows and outflows, but also help increasing efficiency of payments through the UAE Funds Transfer System.”
President Sheikh Khalifa appointed Mr Balama as governor of the CBUAE on Wednesday. Later that day, the regulator also announced its decision to extend the Targeted Economic Support Scheme (Tess), the Dh50 billion ($13.61bn) zero-cost funding programme set up a year ago to help lenders maintain funding flows through the economy following the onset of Covid-19.