Tag: Middle East

Emirates Post Group to develop Ajman property

Posted by | Apr 4, 2008 | |

Emirates Post Group has forayed into property development in Ajman by entering into an agreement with Ajman Sports and Cultural Club to develop malls and commercial buildings in Ajman on land owned by the Club.

According to the agreement, Emirates Post Group will build malls and commercial buildings in three locations, with the Ajman Sports and Cultural Club receiving a fixed percentage of the revenues annually for a 20-year period. At the end of this period, there is an option to either extend the contract or hand over the properties to the Club.

In addition, Emirates Post Group will offer space to Ajman Sports and Cultural Club to open supermarkets which will be run by the proposed Ajman Cooperative Society. The rest of the space will be used by Emirates Post Group to offer postal and non postal services, for activities of subsidiaries companies and for renting to outside companies.

Abdullah Al Fan, CEO of Strategy and Planning Affairs, EPG, commented, “The Emirates Post Group is guided by the strategic goal of increasing revenues through innovation and global best practices, as a way of contributing to the national economy. The strategy will come to fruition within the next few years. Our partnership with Ajman Sports and Cultural Club is just one example of our ambitious business model.”

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No pit stops for DHL at Formula 1

Posted by | Apr 3, 2008 | |

DHL is responsible for all of the freight movements for the Formula 1 teams, including the transportation of the racing cars, as well as engines, tyres, spare parts and fuel.
With the 2008 Formula 1 season off to a spectacular start, DHL is once again geared up for the meticulous execution of one of the most challenging logistics operations in the world of sports.

As the official logistics partner for Formula 1, DHL is utilizing the company’s global network, expertise and resources, to transport over 300 tons of specialist material for the Bahrain Formula 1 Grand Prix, to be held from April 4 to 6.

DHL is responsible for all of the freight movements for the Formula 1 teams, including the transportation of the racing cars, as well as engines, tyres, spare parts and fuel, in addition to all of the equipment used in the pits, Paddock Club and telecast.

For DHL, the Formula 1 preparations started in January and continue twenty-four hours a day, seven days a week. Throughout the racing season, the 300 tons of material moves across six continents and between eighteen cities by land, sea and air, to a tightly controlled timetable, to ensure that there is no disruption to the event’s calendar. On average, 20,000 individual items – the smallest being a 1.5 mm screw and the largest the car engine itself – are transported for each Formula 1 race.

DHL also maintains a mobile logistics unit at each race track, with an ‘Extra Services Team’ standing by to meet all of the special requirements and requests for last minute deliveries, from teams, organisers and sponsors. Deliveries to and from the track can be made within 24 hours by express flight, with an on-board courier accompanying packages on some occasions, to expedite customs clearance. Onward transportation may then also take place by helicopter, to deliver the shipment directly to the circuit.

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DHL United Arab Emirates obtains superbrand status

Posted by | Apr 3, 2008 | |

DHL UAE was named one of the UAE’s strongest business brands during a recent celebration ceremony held at the Intercontinental, Dubai Festival City, Dubai.

Superbrands, the independent authority and arbiter of branding, presented the award to Elliott Santon, Marketing Manager for DHL Express, UAE. “To be voted as a Superbrand by the independent council is a powerful endorsement and evidence that DHL offers existing customers, potential customers, suppliers, investors and employees significant benefits that distinguish us from the competition” said Santon.

Eclipsing big names in the industry, DHL UAE was recognised for its outstanding achievements along with 68 household names from across the UAE and the world.

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Middle Eastern postal market poised for growth

Posted by | Apr 2, 2008 | |

Postal operations in the Middle East have the potential to generate significant value, but they have limited time before regulatory liberalization and the spread of Internet commerce start to erode their competitive position, according to a new white paper.

• Middle Eastern postal companies today are like their European counterparts during the 1990s in facing abundant growth opportunities.

• The sector has begun to liberalize, slowly opening opportunities for new entrants.

• Immigrants in GCC countries are demanding value-added services.

• Low computer and Internet usage in GCC countries gives postal companies an additional advantage.

Middle Eastern postal companies can take advantage of several trends that Oliver Wyman expects to feed expansion and cross-selling opportunities in the region:

• Large existing post office networks and strong, recognized brands, such as UAE Post

• Large local populations and growing immigrant populations, which require basic services usually available at the local post office

• Regulated markets, which allow Middle Eastern postal companies to set barriers to entry much higher for new entrants as deregulation occurs. Bahrain already has a fully liberalized postal market and Egypt has committed to liberalization by 2009.

• Low penetration of PCs and the Internet at present, heavy reliance on cash transactions, and skepticism about online security

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Israel Postal Company finally makes a profit

Posted by | Apr 2, 2008 | |

After years of losses when it was the Postal Authority, the Israel Postal Company reported net profits for 2007 of NIS 40 million on Tuesday.

Avi Hochman, the director-general of the for-profit government company, praised management and staffers for their achievements.

In 2007, the company had gross income of NIS 1.8 billion. In the past, as a state authority, it lost hundreds of millions of shekels annually, forcing the government to make up the difference. In 2006, the then-authority lost NIS 19m.

The business orientation of the new company, which was launched last year out of the authority, was responsible for the profits, Hochman said. It now offers many new services and provides existing services on a higher level, he said.

As postal rates were last raised in November 1, the next annual report should show even higher profits, Hochman said. This was the case, he said, even though the company is bound to provide universal mailing services, including delivery to peripheral areas where there is little or no profit.

The company’s Postal Bank – with its 700 offices in postal branches around the country – would become a “growth engine” in the future, Hochman said. It brought in NIS 307m., or 18 percent, of company income last year, he said, adding that it must receive a commercial license soon to compete with the commercial banks.

Last year, the Israel Postal Company invested large amounts of money in computerization and advanced technological developments to improve its services, Hochman said.

1 GBP = 7.07635 ILS

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