Tag: Middle East

Q-Post to test new technology

Posted by | Jan 16, 2008 | |

Qatar is leading an initiative in collaboration with the Universal Postal Union (UPU) to ensure that payments between countries are made on time.

The General Postal Corporation (Q-Post) is hosting a meeting at the General Post Office to determine which company would be best suited to provide the Radio Frequency Identification (RFID) technology.

Ali Mohammed Al Ali, General Manager of Q-Post, told reporters: “Most likely the pilot project will begin from March and run for three months. We have to see what technology to use. It could be from Spain or China for example. This meeting will help us determine which system to use.”

Catina Aghayan, Quality and Development Consultant with Q-Post, told The Peninsula: “This is a pilot project for the whole region and is a first for the whole (postal) industry. It is meant for quality service improvement.”

She said by 2009-2010, all international payments will be linked to the quality of services. Failure to meet quality standards would result in penalties, said Aghayan.

The system will test a scientific and accurate system for payment and also enable a monitoring of service. “After the three-month period, the results will be passed on to the UPU,” said Aghayan.

Qatar is one of the ten member countries who constitute the Quality Steering Committee of the UPU.

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Arab nations gear up for UPU Congress

Posted by | Jan 14, 2008 | |

Postal administrators from Arab countries discussed the Arab stand on postal issues at the 15th meeting of the Arab Permanent Postal Council at the General Secretariat of Arab League, Cairo.

Emirates Post was appointed head of a special committee to prepare the Arab approach for the UPU Congress which will be held in Nairobi from August 13 to September 3, 2008.

A high-level delegation from Emirates Post headed by assistant director general, operations, Salem Al Shaya took part in the deliberations. The participants included senior officials from Arab postal corporations, the Arab League and the UPU.

The council discussed a number of key issues, including modernisation of mail operations in Arab countries. It was decided to issue a stamp on Arab Postal Day on September 3, 2008.

The meeting also urged all Arab postal corporations to participate in the Stamp Exhibition in Doha from January 30 to February 3, 2008.

The council reiterated its support to Palestine Post and called for steps to help the state modernise its mail and parcel services. It was also agreed to issue special stamps on Palestine Land Day and donate the proceeds to Palestinian Authority.

The Emirates Post delegation made presentations on International Financial Services (IFS) as head of the Arab management committee, the Arab postal strategy for Nairobi Congress 2008 and UPU clearing.

Other members of the Emirates Post delegation included director, operations, Saif Al Shehhi, and postal operations consultant Nasser Qadoumi.

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CEVA announces retirement of former CEO David Kulik

Posted by | Jan 11, 2008 | |

The Board of Directors of CEVA Group plc. announced today that David G. Kulik, CEVA’s Vice Chairman and former CEO, has advised the Company of his retirement, effective February 22nd, 2008. The Company also announced that they have entered into an agreement with Mr. Kulik wherein he will be a consultant to management as well as continue in his position as Chairman of the Board of ANJI-TNT, the joint venture between CEVA Logistics and Shanghai Automotive Industries Corporation – SAIC.

Gareth Turner, partner of Apollo Management, said “Dave has
been a leader in the global logistics industry having been the CEO of CTI
LogistX for a number of years and then with TNT as head of their Logistics
division. He led the recovery and sale of TNT Logistics and was integral in
the transformation of the company to CEVA as a portfolio company of Apollo
Management. We are also pleased that he will continue to be associated with
CEVA into the future and we thank him for his past service to the Company.”

Kulik stated, “I am extremely proud of this organization and
the success of 50,000 dedicated people in the transition to CEVA. I have been
fortunate to lead the Company during an exciting period and I am confident
that Apollo has positioned CEVA to achieve even greater levels of growth
under the leadership of our industry’s best management”.

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Growth Fueled by Solid Performance of Freight and Logistics Products.

Posted by | Jan 7, 2008 | |

Aramex reported financial results for the third quarter ended September 30, 2007. Aramex revenues rose 25 pct to AED 451.7 million, climbing from AED 360.8 million for the same period last year.

Net profits for the third quarter of 2007 rose by 14 pct to AED 26.0 million, from AED 22.7 million for the same period last year, while net profits for the first nine months of 2007 increased by 31 pct to AED 89.4 million, from AED 68.5 million for the same period last year.

Aramex revenues for the first nine months of 2007 rose by 34 pct to AED 1,289 million from AED 961 million for the same period last year. These results include one time costs of AED 1.8 million of an investment write-off and tax expenses.

“We had solid double digit growth in all our products, especially our freight and logistics services. The gulf region continues to give us very solid results and we are witnessing consistent profitability from our Two-Way acquisition in Europe.” commented Fadi Ghandour, Founder & CEO of Aramex.

In addition to significant growth in freight and logistics, the company also demonstrated strong results in the growing document management sector through Infofort; Aramex’s document management arm and a market leader in the Middle East.

1 USD = 3.67320 AED

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Empost plans IPO in second half of '08

Posted by | Jan 3, 2008 | |

State-owned Emirates Post (Empost) plans to sell up to 40 per cent stake to the public in the second half of 2008, a cabinet minister said in remarks published in al-Khaleej daily on Sunday.

The company had appointed advisors to complete a valuation of the its five divisions before the initial public offering, said Minister of Governmental Sector Development Sultan al-Mansouri, according to al-Khaleej.

The valuation would not be less than Dh3 billion (USD 816.8 million), Emirates Business quoted Empost Director-General Abdulla al-Daboos as saying last month.

Empost planned to use the money it raises to acquire logistics companies, financial services firms specialised in remittances and express mail companies in Asia, al-Daboos had said in 2006.

Mansouri, also chairman of the supreme committee for the supervision of the UAE telecom sector, confirmed that the country planned to reduce the amount of royalties the country’s two telecom firms pay to the government.

He did not give details. State-controlled Emirates Telecommunications Corp and du pay 50 per cent of annual profit to the federal government.

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