Creating a progressive & dynamic organisation: Emirates Post
Presentation at IEA by Abdullah Al Daboos, Emirates Post. Background on Emirates Post.
P:LibraryIEA European Postal Services Mch05Abdullah_Al_Daboos_Emirates Post.pdf
Tag: Emirates Post
UAE delegation unfolds Emirates Post’s growth plans at European postal conference
Addressing the conference, Mr. Abdullah Al Daboos, Director General of Emirates Post, highlighted how in just three years after becoming a corporation Emirates Post had emerged as a leading and dynamic postal player in the region, driven by innovation and diversification. ‘Emirates Post believes there is a need for greater dynamism in postal business. As private companies increasingly enter areas that were once the sole domain of posts, we need to reinvent ourselves to meet the changing customer expectations and business needs,’ Mr. Daboos said. Mr. Daboos referred to Emirates Post’s plan of diversifying into logistics, financial services and retail operations through the postal network. He said Emirates Post was in negotiations to acquire a financial services company and a logistics & cargo company, as part of its diversification plan.
Read MoreDeutsche Post keen to expand abroad
Deutsche Post is keen to expand its international operations. The company says that it is examining the possibility of acquiring a stake in both the Italian postal service operator, Poste Italiane, and the postal service of the United Arab Emirates, Emirates Post. According to press reports, Emirates Post is preparing for privatisation. Deutsche Post already cooperates with this company, which is said to be profitable. Silvio Berlusconi, the Italian prime minister, has said that Poste Italiane will be partially privatised within the next 18 months. The latest figures show that this company has more than doubled its profit to 236m euros, while growth of 11 per cent has been achieved in turnover, to 9bn euros.
Read MoreUAE Emirates Post to buy Financial Services Company
UAE postal authority Emirates Post is nearing the purchase of a local financial services company with operations spreading across the Gulf Cooperation Council (GCC) states and some other Arab countries, it was reported on March 2, 2005.
The targeted company operates a network of some 42 branches. Emirates Post will announce officially the acquisition and the value of the deal within a one month period, the company’s director general, Abdullah Ibrahim al-Daboos, said, declining to mention the company’s name.
Al-Daboos also said that Emirates Post was to shortly announce the acquisition of a regional cargo and logistics company.
Read MoreUAE likely to withdraw postal tax
The federal government is considering partial or complete withdrawal of the 10 per cent postal tax collected from private operators, said Sultan Bin Saeed Al Mansouri, Minister of Communications and Chairman of Emirates Post. “We are actively considering the matter. However, it may take some time,” he said on the sidelines of the World Mail, Express and Air Cargo Expo, Middle East and Africa. He said the new federal government will undertake further measures to liberalise the UAE’s transport, communication and logistics sector that will help it to grow further. The Middle East express mail market is worth 8 billion euros (Dh39. 5 billion), officials said. Abdullah Al Daboos, Director-General of Emirates Post, said: “The UAE market accounts for about 35 per cent of the GCC, while Saudi Arabia accounts for 55 per cent. ” That values the Gulf post-al market at about 622 million euros (Dh3. 07 billion).
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