News
Plans Underway For Massive Middle East Autonomous Freight Network
DP World and Einride will develop the largest electric, autonomous freight mobility operation in the region at Jebel Ali Port.
Dubai-based logistics company DP World has joined forces with Einride, a leader in freight mobility, to electrify container movements at Jebel Ali Port. The initiative will enhance efficiency and eco-friendliness at the world’s 10th busiest sea logistics hub. The groundbreaking plans include the largest deployment of electric, autonomous freight mobility across the Middle East, revolutionizing regional freight transportation.
The collaboration will begin in late 2024 and aims to ramp up swiftly to accommodate around 1,600 container movements daily. A fleet of 100 interconnected electric trucks will facilitate the expansion, overseen by Einride Saga, the company’s digital platform engineered to optimize electric and autonomous freight operations. A pilot for the autonomous vehicles is scheduled for rollout in 2025.
At full operational capacity, the venture will reduce carbon dioxide emissions annually by up to 14,600 tonnes and nitrogen oxides by 158 tonnes.
“DP World is committed to making trade smarter, faster, and more sustainable, and our new partnership with Einride aligns perfectly with our vision,” explained Abdulla Bin Damithan, CEO and Managing Director of DP World GCC. “We have already made significant progress in electrifying and automating our terminals at Jebel Ali Port, and by leveraging Einride’s cutting-edge technology, we can take that to the next level,” he added.
Also Read: Joby To Establish All-Electric Air Taxi Ecosystem Across The UAE
Robert Falck, CEO and Founder of Einride, added: “Our collaboration underscores a shared dedication to sustainability and innovation, merging Einride’s expertise in electrification and autonomous technology with DP World’s global logistics leadership […] This collaboration showcases the effectiveness of combining visionary ideals with decisive action, paving the way for a more resilient future”.
The partnership represents a cornerstone of Einride’s larger strategy with the UAE Government, helping to accelerate the transition to sustainable shipping practices. Einride’s ecosystem, featuring electric and autonomous vehicles, charging infrastructure, and cutting-edge technology, will be deployed extensively across the Falcon Rise grid, heralding a greener, more efficient freight-shipping future.
News
Daleel Expands To UAE, Tapping Into $44B Finance Market
The Bahrain-based company offers a personalized financial marketplace with regional expansion supported by investors Flat6Labs and Salica.
Daleel, a personalized financial marketplace originally founded in Bahrain, has officially entered the UAE market supported by notable investors, including Flat6Labs and Salica. Known for its ability to connect customers with tailored financial products, Daleel has gained significant traction in its home country, and the company is now eying the wider Middle East’s massive personal finance market, valued at an estimated $44.4 billion.
The platform’s UAE debut was hosted at Visa’s CEMEA Market Support Center in Dubai, marking another milestone for Daleel. The company gained regional attention when it clinched first place and $40,000 in funding at the 2023 Visa Everywhere Initiative finals in Saudi Arabia.
Daleel’s expansion is supported by notable investors, including Flat6Labs and Salica. At the launch event, several key figures in the fintech and financial sectors were present, including Daleel’s co-founders, CEO PK Shrivastava and COO Ridaa Shah.
Reflecting on the launch, PK Shrivastava said, “Launching in the UAE is a landmark moment for the company, and we are pleased to do so alongside Visa, who have championed us from the start. There is a real demand across the region for personalized finance, and we believe this is the right time to expand our marketplace to connect more customers with the best financial solutions”.
Also Read: How (And Why) To Start A Tech Business In Dubai
Daleel’s team combines expertise in open banking, finance, and technology, which has enabled the company to refine its platform for the regional market. Their data-driven system is designed to quickly match customers with financial products, ranging from credit cards and mortgages to savings accounts, offering personalized options in seconds. This transparency and efficiency benefit consumers while providing financial institutions with more cost-effective ways to acquire customers and create data-informed products.
Looking ahead, Daleel plans to secure an open finance license in 2025, which will allow even deeper integration with financial institutions. The company’s ultimate goal is to build a financial ecosystem where decisions that used to take weeks can now be made in minutes, empowering users to achieve better financial outcomes.
-
News1 month ago
SWITCH Mobility To Trial New E-Buses In UAE & Saudi Arabia In 2025
-
News1 month ago
IBM Opens New Doha Office To Support Qatar’s Digital Growth
-
News1 month ago
Foundster Is Dubai’s New AI-Driven Company Setup Service
-
News1 month ago
AE Coin Launch Imminent After Gaining CBUAE Approval