US$10bn
New research by the global payments authority WorldPay has projected that e-commerce turnover in the UAE will rise to US$10 billion a year by 2020 from $4bn today, and mobile payments will be $4bn higher than the $4bn now. The forecasts were announced at the opening of the payments conference, PayExpo Mena, in Dubai this week.
Safer travel for UAE residents
Financial comparison website, Compareit4me.com, recorded a 291 per cent increase in searches for travel insurance last month, as UAE residents sought to protect themselves ahead of the holiday season. The data is welcome news after a survey by the website this year revealed that 80 per cent of travellers from the Emirates had experienced some sort of travel-related incident.
Copper posts 17-month high
Copper closed at its highest price in almost 18 months on Monday, on speculation that demand will accelerate amid improving growth in the US and signs of a stabilising economy in China. Copper for delivery in three months rose 3.3 per cent to US$5,950 a metric tonne on the London Metal Exchange. That is the highest since June last year. The metal is up 26 per cent this year.
Hidden perks on credit cards
Your credit card may offer little-known perks that could save you money upfront and after the purchase. That is according to a survey released on Wednesday by Creditcards.com, a card-rating website run by Bankrate.com. Of the 100 most popular credit cards in the United States, 81 offered some kind of extended warranty, just over half had purchase security and 47 had price protection, meaning the credit card issuer will match the price if it drops within a certain amount of time.
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