Tag: Middle East

DHL UAE provides web-based service for complete accounting transparency

Posted by | Jan 29, 2008 | |

DHL UAE has launched a web-based service called ‘MyAccount’ which it claims will provide complete transparency for all invoicing and account services 24/7 through real time accounting and tracking information.

The MyAccount service offers easy access to account and billing information, and is ideal for customers who wish to determine the charges on their shipments before the goods are delivered, DHL UAE said. Providing easy online access, the service also allows customers to view shipment information such as tracking shipments in real time.

The system also enables the accounting departments of DHL’s customers to view their invoices electronically and load the charges in their system, thus saving paperwork and time.

“MyAccount is a simple to use web-based service that gives customers greater control of their accounting requirements every step of the way, and allows DHL to deliver results faster, with greater transparency,” said Janet Jweihan, DHL UAE Country Manager.

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Dubai Customs moves closer to paperless

Posted by | Jan 28, 2008 | |

Dubai Customs has signed memoranda of understanding (MoUs) with a number of key supply chain partners — Dnata, Danzas AEI Emirates, Al Tayer Logistics, Gargash Enterprises and Emirates Sky Cargo — to use electronic commerce to achieve paperless trading.

The initiative allows importers and exporters to electronically perform 51 Customs transactions remotely, without having to visit the Customs’ centres.

The new electronic environment allows for monitoring and tracking shipments from departure from country of origin through all destinations on their way to Dubai, and through coordination with the major shipping companies that signed the MoUs.

Ram Menen, Emirates divisional senior vice president Cargo said: “As a leading advocate of electronic freight movement, we are delighted that such a progressive program has been initiated by Dubai Customs and the Government. Such an initiative, when fully implemented, will allow a more fluid flow of legitimate goods through the air and sea borders and eliminate potential bottlenecks.’

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Q-Post hit by a huge rise in inflation rate

Posted by | Jan 22, 2008 | |

Rising inflation badly hit the country’s postal sector last year, said Q-Post chairman Ali Mohamed al-Ali yesterday.

The chairman said the country’s postal corporation suffered heavily in 2007 because of the unprecedented inflation witnessed by Qatar.

Al-Ali said premises that the Q-Post used to acquire for as low as Q R1,500 a month for its operations in the city or suburbs was now costing at least five times more.
“As a result, our overheads on various fronts have increased considerably.”

The chairman also informed that the pay rise the Q-Post gave to its staff, both nationals and expatriates, in December 2006 too had taken a heavy toll on the corporation’s operations.

Al-Ali said the annual salary bills of the staff alone amounted to QR65mn.

Answering another query, the chairman said the postal corporation used to receive a financial support of QR52mn a year from the government until a few years ago. “That is no longer there. The absence of such financial support from the government had hit our operations hard.”

The implementation of e-cash in government transactions has also hit the corporation badly as revenues from the sales of tax and other revenue stamps that it used to receive had started going directly to the government, said al-Ali.

Despite all these, the corporation is making efforts to be self-reliant through the diversification of its businesses in a highly competitive environment, said al-Ali.
The chairman pointed out that in all large countries where the postal sector is still active; the governments had provided at least 80 pct budgetary support to their operations.

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Emirates Post and Noor Islamic Bank sign MOU to Offer Financial Services for Low Income Segment

Posted by | Jan 20, 2008 | |

Noor Islamic Bank PJSC (“Noor”) and Emirates Post Holding Group have signed a Memorandum of Understanding (MoU) to establish a company that will offer banking services to the low income segment of the UAE population.

The new venture is in line with recent Federal Government initiatives aimed at the low income segment, and will develop specific products and services to cater to their needs.

The company will provide Sharia-compliant financial services, targeted at the low income and unbanked sectors of the population. It will leverage Noor Islamic Bank’s expertise in the provision of Sharia-compliant financial services and Emirates Post’s country-wide reach and brand reputation to offer a comprehensive basket of financial services.

Launched two weeks ago, Noor Islamic Bank has already established strategic partnerships with public sector institutions as well as the private sector. It is fast developing a reputation for being a modern, innovative and progressive Islamic financial institution, reflecting the core values of the UAE.

The proposed activities of the joint venture will include debit cards, Islamic insurance, credit cards, micro-financing, salary payments, remittances and currency exchange.

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Empost plans USD 408m Asia acquisitions

Posted by | Jan 20, 2008 | |

Emirates Post said it is in talks to spend as much as 1.5 billion dirhams (USD 408.4 million) on acquisitions in Asia, including Malaysia and Singapore.

“We want to expand our network of distribution, which is why we are interested in Asia because … it completes our market,” the chairman of Emirates Post, Abdulla al-Daboos, told Reuters in Dubai on Sunday on the sidelines of a meeting with reporters.

“Our investment will be between 1 billion and 1.5 billion dirhams over five years on acquisitions in Asian companies in postal and financial services,” Daboos said.

Daboos did not identify any target companies. Other countries include Thailand and Indonesia, he said.

Empost plans to sell as much as a 40 percent stake in an initial public offering in the second-half, valuing the company at not less than 3 billion dirhams, al-Khaleej and Emirates Business reported this month, citing Daboos and Sultan al-Mansouri, Minister of Governmental Sector Development.

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