Tag: Middle East

Kan approves Israel Post, Mizrah Insurance venture

Posted by | Dec 5, 2007 | |

Antitrust Authority director general Ronit Kan has allowed Israel Post Company Ltd. and Mizrah Insurance Services Ltd. to collaborate on non-life insurance for a limited period and subject to restrictions. The two companies can set up a joint venture that will sell insurance policies at post offices.

Insurance agents opposed the proposed joint venture, but Kan decided that it would improve competition in the market. The Antitrust Authority imposed restrictions on the joint venture due to concerns that Israel Post might discriminate against customers who come to the post office to change vehicle ownership but who refuse to buy insurance. The Postal Bank has the exclusive authority to handle the transfer of vehicle ownership. Israel Post may not condition handling the transfer of vehicle ownership on the purchase of insurance or obtaining insurance services.

In addition, Kan limited the joint venture to three years, after which the Antitrust Authority will review it.

Under the agreement between Israel Post and Mizrah Insurance, some post offices will have an automated station or a station manned by an insurance agent who will offer consumers vehicle insurance policies from various insurance companies. The insurance companies will quote prices directly, without the intervention of the agent, enabling consumers to compare prices themselves. In this way, Israel Post will become a new and important distribution channel for non-life insurance.

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FAMCO to supply Allied Transport with 30 Volvo trucks for DHL

Posted by | Dec 4, 2007 | |

Allied Transport will use the trucks to meet the growing demands for DHL’s express mail and transit cargo customers across the GCC and Levant countries.

The first of the Volvo FH400 trucks with I-shift transmission technology were delivered at a private ceremony at FAMCO’s head office in Dubai. Joe Lahoud, Divisional Manager – FAMCO’s Volvo Truck & Bus Division handed over the truck keys to Ali Khalifa Beyat, Managing Director of Allied Transport Establishment.

Mr. Ali Beyat, Managing Director of Allied Transport commented that the delivery of the first thirty trucks is a part of the company’s five-year strategy plan. He said: ‘We anticipate the supply of over 500 trucks for DHL’s requirements over the next five years. These trucks will be used to meet the growing demands for DHL’s express service across the GCC and Levant countries and North Africa.

Mr. Bachi Spiga, Middle East Head of Operations – DHL Middle East said: ‘Our operations continue to grow at a rapid pace and the company is seen as the number one road solutions expert. The addition of these Volvo trucks will help us to meet our increased schedules throughout the Middle East due to the enormous growth of the road express business and our requirement for tailor-made solutions for customers also.’

Since its official launch at Dubai’s Autodrome in April 2007, the I-Shift truck has gained ground, becoming the preferred solution for most of the professional transport operators in the UAE.

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Money transfer through mobile phones

Posted by | Dec 4, 2007 | |

The DG Pakistan Post chaired the meeting of Pakistan Postal Services Management Board at the office of Postmaster-General, Sindh, which was especially addressed by Federal Minister for Communications Barrister Habib-ur-Rahman who, in his address, gave his guidelines for improving postal services in the country.

Khan said the meeting was especially held in Karachi keeping in view the city’s importance as the hub of financial, trade and market activities. The meeting of Postal Services Management Board approved, in principle, to launch the scheme of money transfer through mobile phones in collaboration with the operators of telecommunication services in the private-sector.

He said that, at present, the Pakistan Post was undertaking negotiations with various providers of mobile phone services in the country for launching of the unique money transfer service. He said that initially the money transfer service would be provided in the major cities only and later on its services would be extended to smaller cities for the benefit of the customers of postal services.

The DG said that once Pakistan Post signs an agreement with the private-sector service-providers to launch the money transfer scheme, he would be in a better position to tell as to when the Post Office would start providing the service.

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Lebanese can now pay phone bills at post office

Posted by | Nov 30, 2007 | |

Land-line subscribers who are frustrated with the long queue at OGERO’s cashiers can now pay their phone bills through LibanPost, Telecommunications Minister Marwan Hamadeh said on Thursday. Hamadeh made the announcement after signing an agreement with LibanPost at the Telecommunications Ministry.

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