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Instant payment (sometimes referred to as real-time payment or faster payment) is a method of electronic funds transfer, allowing for almost immediate transfer of money between bank accounts. This was in contrast to the previous transfer times of one to three business days that had been in place until the mid-2010s.
Dubai International Airport is situated in the Al Garhoud district, 2.54 nautical miles (4.70 km; 2.92 mi) east [2] of the city center of Dubai and spread over an area of 2,900 hectares (7,200 acres) of land. [12] Terminal 3 is the third-largest building in the world by floor space and the largest airport terminal in the world. [13]
In 2017, Dubai Airports started implementing two 3,600 square metres modular data center facilities that bring data availability up to 99.82% (only 95 minutes of maximum annual downtime). This investment is part of the Dubai Plus plan that aims to secure adequate technical solutions to drive the exponential growth of Dubai's airports. [3]
Others include the Dubai Airport Freezone (DAFZA; the Dubai internet City; and the Dubai Media city. [4] In April 2021 Dubai CommerCity launched, a free zone dedicated to e-Commerce. [5] The International Free Zone Authority (IFZA) is one of the most cost-effective and fastest-growing free trade zone in Dubai.
Al Maktoum International Airport (IATA: DWC, ICAO: OMDW), also known as Dubai World Central, [3] is an international airport in Jebel Ali, 37 kilometres (23 mi) southwest of [2] Dubai, United Arab Emirates, that opened on 27 June 2010. [1]
One of the key elements of the center is a privately held financial exchange that opened in September 2005 as Dubai International Financial Exchange (DIFX) but was rebranded as NASDAQ Dubai in 2008. The trading hours of NASDAQ Dubai are from 10:00 a.m. to 2:00 p.m. (6:00 a.m. to 10:00 a.m. GMT), from Sunday to Thursday. [10]
DAFZ was established in 1996. It came into being as a part of the Dubai government's strategic plan to make Dubai an investment-driven economy. Today, it is one of the fastest-growing and pioneering free zones in the region, contributing to around 4.7 percent of Dubai's gross domestic product) It allows international investors a completely duty-free business setup and execution of services ...
Loan origination is the process by which a borrower applies for a new loan, and a lender processes that application. Origination generally includes all the steps from taking a loan application up to disbursal of funds (or declining the application). For mortgages, there is a specific mortgage origination process.