Tag: Iran

Japan PB resumes remittance service to Iran

Japan Post Bank announced here on Tuesday that it will continue remittance service to Iran, despite the gossips heard regarding the suspension of services to Iran.

Dispatching the remittances services will be continued until Aug. 2008, according to the contract between the sides and the bylaw of the Universal Postal Union (UPU) and the guidelines of the Postal Financial Services Group (PFSG) which was coordinated on Aug. 9, 1999.

The reason the bank cited about the formerly news of suspension was the US sanctions against Iranian banks from October 25. Japan Post Bank said that intermediary banks in the chain to its Iran transfers were unable to continue dealing with the three largest state-run Iranian banks, as a result of these sanctions.

This was an unusual move for Japan, which has maintained cordial relations with Iran after the Islamic Revolution in 1979. Though numbers are disputed, a large number of Iranians are reported to live in Japan. The number of remittances to Iran processed by the Post Bank was around 200 annually, with a value of around USD 450,000.

Japan Post Bank will disperse risks and diversify earnings sources, by diversifying means of investments (into trading of derivatives, acquisition and sales of monetary credits, syndicated loans, securitized products, beneficiary rights, and investments in stocks), while controlling interest rates-associated risks appropriately and will strengthen channels of post office networks, by providing its infrastructure and sales support tools, improve the compliance system, help improve quality and enhance training programs.

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DHL Express Freight rules Middle East to Europe roadway

DHL announced it has enhanced its Express Freight service to offer customers an innovative and competitive road solution across the Middle East into Europe.

As part of the enhancement DHL has added extra lanes to its regional network in Turkey, Syria, Yemen and Iran. In addition, DHL has added 50 vehicles to its road fleet bringing the total to 111 DHL road network vehicles comprising 31 DHL vehicles, 30 dedicated partner vehicles and an additional 50 new dedicated partner vehicles. The fleet will also be supported by over 35 additional trailers. The investment into the new fleet is set to enhance the overall service and capacity across the Middle East road network to ensure DHL maintains its leadership position in the region.

The specialised freight service offers customers a 24/7 door to door customs clearance service on a daily basis, including holidays such as Eid and Ramadan. It offers a competitive all inclusive dollars per kilo price with no hidden charges, and with bonded trucking it means customers pay only a single duty payment. A cheaper alternative to air freight, DHL Express Freight offers a two to five day definite transit time service in the Middle East.

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Empost appointed official courier service provider for Iranian Hospital

Empost, the UAE’s national courier company has entered into a strategic agreement with the Iranian Hospital (Iranian Red Crescent) in Dubai to provide Health Pack services for the benefit of the hospital and its patients. Empost will now be the official courier service provider for the Iranian Hospital. Under the agreement, Empost will open a dedicated counter within the hospital premises – at the hospital’s visa medical testing centre – to allow patients to avail reliable and cost-effective courier services that ensure timely delivery of their various medical documents. Manned by dedicated Empost staff, the office will handle all outbound business-to-business and business-to-consumer courier traffic such as blood test reports, laboratory test reports and other medical reports and documents.

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Postal service privatization scheme on the desk

The Islamic Republic of Iran Post Company has prepared a comprehensive plan based on which the company will be ready for transfer to the private sector by the year end, noted on Tuesday the company’s director general Mohammad-Hassan Mohebbian.
Economic committees tasked with devising a plan of action for achieving the objective -privatization of the company – will be set up in the next week, he said.

The official who was addressing the 19th session of the Post Company directors, said that the privatization issue would involve all post-related affairs of the nation. He commented that extensive efforts were underway to, in the near future, improve and enhance the services offered by the company.

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