UnionPay and Network International support UAE merchants
, 3 hours, 32 minutes ago UnionPay International (UPI), a leading global payment services provider, in cooperation with Network International, the leading enabler of digital commerce, is accelerating the UAE rollout of its QR code scanning-based payment solution. Over 10,000 merchants across the UAE have already benefited from UnionPay s innovative QR code payment solution which aims to bring further convenience to UnionPay cardholders in addition to the various secure, efficient and fast payment services provided by the company. The rollout of the payment solution also aims to support Dubai s full digital transition as well as the UAE Centennial 2071 goal.
Smart products are already disrupting and transforming industries, said professional services firm Accenture in a new report, adding that the smart home market alone is projected to be worth $135 billion by 2035.
IHC acquires 45% stake in Alpha Dhabi Holding
ABU DHABI, 10 hours, 56 minutes ago International Holding Company (IHC), one of Abu Dhabi’s leading conglomerates, has purchased a 45% stake in Alpha Dhabi Holding (formerly Trojan Holding).The transaction follows the IHC board meeting disclosure on March 4. Alpha Dhabi Holding was established in 2008 with a focus in the real estate and construction sector. Recently Alpha Dhabi’s Holding has embarked on building a diversified portfolio that manages, deploys, and organises a variety of entities within the construction, hospitality, industrial and capital verticals. This includes a stake in leading UAE real estate company Aldar Properties, which was acquired in late March through its subsidiary Sublime Commercial Investment from Mubadala Investment Company.