Tag: Emirates Post

Arab nations gear up for UPU Congress

Posted by | Jan 14, 2008 | |

Postal administrators from Arab countries discussed the Arab stand on postal issues at the 15th meeting of the Arab Permanent Postal Council at the General Secretariat of Arab League, Cairo.

Emirates Post was appointed head of a special committee to prepare the Arab approach for the UPU Congress which will be held in Nairobi from August 13 to September 3, 2008.

A high-level delegation from Emirates Post headed by assistant director general, operations, Salem Al Shaya took part in the deliberations. The participants included senior officials from Arab postal corporations, the Arab League and the UPU.

The council discussed a number of key issues, including modernisation of mail operations in Arab countries. It was decided to issue a stamp on Arab Postal Day on September 3, 2008.

The meeting also urged all Arab postal corporations to participate in the Stamp Exhibition in Doha from January 30 to February 3, 2008.

The council reiterated its support to Palestine Post and called for steps to help the state modernise its mail and parcel services. It was also agreed to issue special stamps on Palestine Land Day and donate the proceeds to Palestinian Authority.

The Emirates Post delegation made presentations on International Financial Services (IFS) as head of the Arab management committee, the Arab postal strategy for Nairobi Congress 2008 and UPU clearing.

Other members of the Emirates Post delegation included director, operations, Saif Al Shehhi, and postal operations consultant Nasser Qadoumi.

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India Post and Emirates Post launch 'International Express Money Order' through postal network

Posted by | Jan 6, 2008 | |

Mr. I.M.G. Khan, Director General of India Post and Mr. Ibrahim Karam Ali Bin Karam, Chief Executive Officer of Emirates Post, recently signed an agreement in Dubai, putting in place a system that will allow UAE residents to transfer money speedily to any part of India through India’s postal network, the largest in the world.

Customers sending money to India through Emirates Post offices will have two options. They can either have the money delivered to the addressee’s residence, or ask the addressee to collect the money from any authorized post office in India. On the other hand, Money Orders sent from India through India Post will be payable at post offices in the UAE.

The agreement stipulates that a single Money Order issued by Emirates Post for payment in India shall not exceed USD 2,500 or its equivalent. It also lays down that only 12 Money Orders addressed to one beneficiary will be allowed in a calendar year. Amounts of less than 50,000 Indian Rupees will be paid in cash, and those exceeding 50,000 Indian Rupees will be payable by cheque.

In India, the electronic Money Orders payable at post office counters will be delivered the same day at main post offices. In the case of Money Orders payable at addresses destination, the delivery will be within two days through the IFS network. Outside the IS network, the delivery will take place within five days.

If the money is sent from India to the UAE, the amount can be collected the same day at Emirates Post offices.

The IFS-based International Express Money Order is a reliable, adaptable and easy-to-use tool and can be installed in the remotest areas of the world. The UPU anticipates that financial services could generate up to 50 per cent of a country’s postal revenue, and by promoting IFS, the dominance of big players could be reduced, thus offering customers, especially migrant workers, a cost-effective system of money transfer.

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Empost plans IPO in second half of '08

Posted by | Jan 3, 2008 | |

State-owned Emirates Post (Empost) plans to sell up to 40 per cent stake to the public in the second half of 2008, a cabinet minister said in remarks published in al-Khaleej daily on Sunday.

The company had appointed advisors to complete a valuation of the its five divisions before the initial public offering, said Minister of Governmental Sector Development Sultan al-Mansouri, according to al-Khaleej.

The valuation would not be less than Dh3 billion (USD 816.8 million), Emirates Business quoted Empost Director-General Abdulla al-Daboos as saying last month.

Empost planned to use the money it raises to acquire logistics companies, financial services firms specialised in remittances and express mail companies in Asia, al-Daboos had said in 2006.

Mansouri, also chairman of the supreme committee for the supervision of the UAE telecom sector, confirmed that the country planned to reduce the amount of royalties the country’s two telecom firms pay to the government.

He did not give details. State-controlled Emirates Telecommunications Corp and du pay 50 per cent of annual profit to the federal government.

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Emirates Post plans USD 817m IPO

Posted by | Dec 17, 2007 | |

The Director General of state-owned Emirates Post (Empost) announced that the company is planning to start discussions with financial advisers next month on the sale of 49 percent of its shares to the public, Gulf Daily News reported.

He pointed out that the postal company would choose three lead managers and complete a valuation before starting the initial public offering (IPO), adding that the valuation of the offering may reach USD 817 million.

Empost planned to sell existing shares to Gulf investors and foreign residents of the UAE, he said last year. It would use IPO proceeds to acquire logistics companies, financial services firm specialized in remittances, and express mail companies in Asia, he added.

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Emirates Post showcases postal IT solutions at Post Tech 2007 in Jeddah

Posted by | Nov 21, 2007 | |

The two-day conference cum exhibition was opened by HH Prince Khalid Al Faisal Bin Abdulaziz, Chief of Mecca region. Speakers highlighted the need for automating postal services through modern systems and IT solutions, and presented case histories of success projects from all over the world.

Emirates Post highlighted its indigenously developed POS system which automates counters and back office workflow. The system enables counter staff to deliver multiple services, both postal and non-postal, including payment of utility bills, Ministry of Labour Transactions and traffic fines.

Developed by IT Department of Emirates Post, the POS system enables it to add new services, and have a real-time link with new partners. The system has seen been adopted by neighbouring countries, and Emirates Post is talking to some other regional countries to transfer the technology to their postal networks.

‘Technology is playing a major role in the reform process of postal services,’ said Abdullah Al Daboos, Director General, Emirates Post. ‘Technology gives us tools to introduce greater efficiency, speed and security in all our operations. At Emirates Post, the POS solution has enabled us to take a quantum leap in customer satisfaction. At the same time, technology has enabled us to turn our post offices into one-stop shops for multiple services.’

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