Tag: Emirates Post

At an official press conference today for the World Mail Express & Air Cargo Expo taking place 1-2 March at the Dubai World Trade Centre, Emirates Post said it will be able to share its success with other exhibitors and delegates participating at the conference-led expo, a joint initiative organised by UK company Triangle Management Services and Dubai-based, Streamline Marketing.

Abdulla Ibrahim Al Daboos, Director General of Emirates Post, told the press conference that diversifying into non-postal services helped the company to achieve earnings of around Dhs300 million for 2004, and that policy is now expected to boost revenue by 10 per cent this year.

Emirates Post expects to boost its annual turnover by 10 per cent this year by continuing to diversify its range of services and the company believes postal services across the Gulf region can follow its example.

The UAE will likely sell 40 per cent of its stake in Emirates Post Corporation by year-end, a company official said.

The organisation has already initiated discussions with the authorities regarding the partial sale of the government’s stake, said Director-General Abdullah Al Daboos. Emirates Post, which is capitalised at Dh100 million, has announced a record net profit of Dh123 million for 2004, an increase of 20 per cent over the previous year.

The company aims to improve its profit by another 12 per cent this year, said Sultan Bin Saeed Al Mansouri, UAE Minister of Communications and Chairman of Emirates Post.

“There is currently a line-up of postal services Egypt, Oman, Syria, etc for which Emirates Post is planning to help establish state-of-the-art IT systems,” said Al Daboos.