CRYPTO-

DeFi Technologies sets up shop in Dubai: Nasdaq-listed fintech firm DeFi Technologies established DEFI DMCC in Dubai's Jumeirah Lake Towers as part of its GCC and MENA expansion, according to a press release (pdf). The company's subsidiary Valour, an ETF product issuer, also opened a trading desk at the Dubai Multi Commodities Center (DMCC) to serve institutional digital asset demand in the region.

About DeFi Technologies: DeFi Technologies connects traditional capital markets with decentralized finance through its subsidiaries. Alongside Valour, it operates Stillman Digital for institutional trading services, Reflexivity Research for market analysis, Neuronomics for quantitative strategies, and DeFi Alpha for arbitrage operations.

LOGISTICS-

New air cargo service connects Tanzania and Dubai: Tanzania’s Xerin Group launched a weekly cargo flight between Dar es Salaam and Dubai, The Citizen reports. The service operates a B737-800 freighter with a 20 tonne capacity per trip, and it could run more regularly if demand increases. This comes as Tanzania’s government looks to position the city as a regional logistics hub, upgrading its airport's cargo terminal and freight capacity.

AI-

G42 rolls out AI procurement tool built by Inception: State AI giant G42 launched an AI-powered procurement platform developed by its portfolio company Inception, becoming the first in Abu Dhabi to implement artificial intelligence in enterprise procurement, Wam reports. The system, called (In)Business Procurement, uses large language models and integrates with existing systems to support supplier discovery, autonomous sourcing, contract management, and spending analytics.

The benefits: The tool aims to shorten sourcing and contract cycles by up to 40%. G42 says it has already cut its procurement turnaround time from three months to 10 days, and the platform is set to cut costs by between 7-10%.

Tags: