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Aramex Has Successfully Tested Drone Deliveries In Oman

The pilot is part of Aramex’s “Future Delivery Program”, and forms part of the company’s innovation agenda and sustainability strategy.

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aramex has successfully tested drone deliveries in oman
Aramex

Aramex is a leading transport and logistics organization, and this week, the company successfully finished the pilot phase of its drone-based “Future Delivery Program” in Muscat, Oman.

UVL Robotics, a company from the United States, partnered with the logistics firm to bring its class-leading AI and drone solutions to the project, which will eventually also include autonomous vehicles. The Future Delivery Program is about creating cost-based savings and reducing environmental impact by lowering carbon emissions and traffic congestion during the last-mile section of deliveries.

Aramex is already embarking on a full-scale transition to electric and hydrogen fuel cell vehicles, with drone and autonomous vehicle-based deliveries complementing the emission-free fleet.

“We believe the next generation of last-mile solutions, including drones and autonomous vehicles, will be a game-changer as it ensures efficient delivery while being eco-friendly […] We have proven that these automated modes of delivery will enable us to further enhance the speed, accessibility, and reliability of package deliveries, especially to remote areas with hard-to-reach terrain,” says Alaa Saoudi, COO, Express at Aramex.

Eventually, Aramex will expand its autonomous delivery program across the Middle East and test the technology in other key markets. The company aims to significantly shorten delivery times and boost customer satisfaction while doing as much as possible to aid with climate action as we approach 2030 sustainability goals.

Also Read: Wisk Aero Unveils Four-Seat Autonomous Air Taxi

“We strongly believe that last-mile delivery by drone is an important part of future logistics and one of the key goals in our business sustainability strategy. Drones produce 26 times less CO2 emissions than cars, which positively impacts the region’s ecology,” says Moosa Al Balushi, Regional Director for UVL in the MENA Region.

Aramex isn’t new to the use of modern technology. The firm has been testing electric vehicles and adopting them into parts of its service since 2017, with operations in Jordan using EVs and testing going on across Saudi Arabia, UAE, and Egypt.

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Binance Receives Virtual Assets License To Operate In Dubai

As its user base nears 200 million, CEO Richard Teng believes crypto adoption will soar over the next half of the decade.

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binance receives virtual assets license to operate in dubai

Global crypto exchange Binance has been granted a full operational license in Dubai, in a move that’s expected to accelerate digital asset adoption and strengthen the UAE’s regulatory landscape.

The virtual asset service provider license (VASP) was granted by the Dubai Virtual Assets Regulatory Authority (VARA) and will allow Binance to extend its current range of services to retail investors, the company announced yesterday.

The move by Dubai authorities will be critical to Binance’s strategy of growing its user base globally. The crypto exchange expects to pass the 200 million user mark “quite shortly”, according to Richard Teng, the company’s CEO.

Once that milestone is achieved, Binance will have around twice as many users as rival platform Coinbase. Meanwhile, Crypto.com, another popular exchange with 80 million users, received a Dubai VASP license last week.

“We’re seeing much greater institutional adoption and institutional money coming into this space [along with] much greater regulatory clarity and a lot more jurisdictions approving [digital asset] products that bring in new investor classes,” Binance’s Richard Tang explained, adding: “As of now, we stand at about 5% crypto adoption globally, but that will become much faster moving forward”.

Also Read: Microsoft Invests $1.5 Billion In Abu Dhabi AI Tech Firm G42

Dubai and the UAE are extremely supportive of technologies like digital assets, and have already launched initiatives to boost adoption. The UAE has ambitious plans to become a world leader in the crypto economy of the future, with Dubai in particular being noteworthy for passing a new law to regulate virtual assets to support investors and exchanges.

“Global crypto regulation is currently showing diverging signs. Some developed countries have long suffered from crypto-related frauds and illegal exchanges. On the other hand, emerging nations like the UAE and Singapore have enacted crypto laws at faced pace,” said Vijay Valecha, chief investment officer of Dubai-based Century Financial.

As the UAE gears up to become one of the fastest-growing crypto capitals worldwide, investors and talent are flocking to places like Dubai. During 2023, the Emirates as a whole realized $204 million in capital gains from cryptocurrency investments, according to blockchain data analysts Chainalysis.

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