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Aramex And Regent To Develop Electric Seagliders
The UAE logistics company will team up with a US maritime transport firm to explore opportunities in the Middle East and beyond.
Aramex, the Middle East’s largest courier company, has teamed with US maritime transport firm Regent to develop a fleet of electric seagliders to transport goods from ports to warehouses and distribution centers.
The Regent-built seagliders combine an aircraft’s speed with a boat’s practicality and convenience. Built to serve island and coastal communities, the hybrid craft will carry people and cargo up to 290 km using sustainable battery technology.
“We are keen to enhance our capabilities to move packages efficiently and effectively over sea routes, given the expansion and development of coastal cities within our core region. [The electric seagliders] complete the trifecta of air, sea, and land for our future vehicle program development,” explained Angad Singh, global director for innovation at Aramex.
The Aramex and Regent partnership is facilitated through the UAE’s Strategic Development Fund and aims to explore opportunities in the Middle East and other important markets.
The two companies will identify potential “middle-mile” routes on which seagliders can move cargo from ports to nearby distribution hubs. The scheme aims to offer a cleaner and more efficient alternative to existing logistics options.
Demand for sustainable logistics is rising, with 75% of transport companies actively searching for environmentally friendly shipping options in a bid to lower carbon footprints and keep trade flowing.
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According to Billy Thalheimer, co-founder and chief executive of Regent, middle-mile logistics is a “large, untapped opportunity for sustainable innovation,” and the partnership will “unlock new economic potential”.
Last month, Aramex announced a massive 76% drop in third-quarter profits amid continued worldwide economic challenges, soaring interest rates, and currency fluctuations. Shares owned by equity holders for the three months to the end of September 2023 are now valued at around $2.6 million.
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Checkout.com Set To Launch Card Issuing In The UAE
The payment service provider’s expansion is a first-of-its-kind investment and could reshape digital transactions across the region.
Checkout.com is laying the groundwork to become the first global payments platform to introduce card issuing in the United Arab Emirates — a move that could reshape how businesses in the region manage financial transactions.
The company plans to roll out its domestic card issuance offering in the UAE by 2026, subject to regulatory approval. The launch would give businesses the tools to issue both physical and virtual branded cards. This, in turn, opens up new ways to reward customers, streamline expense processes, and handle B2B payouts efficiently.
Checkout.com’s CEO and Founder, Guillaume Pousaz, revealed the plans during Thrive Abu Dhabi, the firm’s debut conference in the Emirates. Joined on stage by Remo Giovanni Abbondandolo, General Manager for MENA, Pousaz presented to an audience of over 150 partners and merchants at Saadiyat Island. Also in attendance was H.E. Omar Sultan Al Olama, the UAE’s Minister of State for Artificial Intelligence, Digital Economy, and Remote Work Applications.
Abbondandolo highlighted the strategic importance of the announcement: “As a global business, we focus on bringing products to markets that our customers want and need. Today’s announcement is proof of our commitment to the MENA region and its rising influence in the digital economy. The appetite for innovation here is real, and we’re proud to be building the infrastructure that powers it”.
One early adopter of Checkout.com’s UAE acquiring services is Headout, a travel experiences marketplace, which recently named the payment provider as its main partner in Europe. The company has already begun card issuing there and is keen to expand that offering into MENA once approval is granted.
The expansion of services in the UAE and beyond builds on Checkout.com’s track record in the region. It was the first global payments firm to secure a Retail Payment Services license from the UAE’s Central Bank and was instrumental in rolling out Mada and Apple Pay in both the UAE and Saudi Arabia.
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The firm has also been rolling out new products: One of the latest is Flow Remember Me, currently in beta testing. It allows shoppers to store their card information once and access it across Checkout.com’s entire network, potentially cutting checkout times by up to 70%.
Earlier this year, Checkout.com also introduced Visa Direct’s Push-to-Card solution in the UAE, enabling both domestic and international payouts. Its collaboration with Mastercard has grown as well, making it easier for businesses to send funds directly to third-party cards securely and quickly.
With regional tech ambitions on the rise — spurred by initiatives like Saudi Arabia’s Vision 2030 and the UAE’s 2031 Agenda — Checkout.com sees its role as one of a key enabler. “Our mission is to help ambitious businesses navigate the complexity of payments, so they can move faster, go further, and make the most of every opportunity,” said Abbondandolo. “In MENA, performance is personal. It’s local. It’s built on trust. And when payments perform, businesses thrive”.
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