Tag: Middle East

TNT unveils USD 2.5 million Gulf expansion

Posted by | Nov 15, 2005 | |

TNT Express has unveiled a USD 2.5 million expansion to enhance and expand its Gulf-wide ground infrastructure. The company is to open new road hubs in the UAE, Bahrain and Saudi next year as well as an additional trucking facility in Kuwait. This latest investment is a direct response to TNT’s rapid regional growth as the company focuses on improving its penetration across Gulf markets over the next five years. ‘Our non-document and road products are growing at 40% each year and have significantly contributed to annual revenue growth of over 30%. It is widely anticipated that these growth rates will prevail for another three to four years,’ said Mark Pell, TNT’s Managing Director, Gulf.

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TNT to introduce first ever express road service between UAE and Iran

Posted by | Nov 9, 2005 | |

TNT Express today announced it will introduce the first-ever express road service between the United Arab Emirates and Iran this month. The new route – which forms part of TNT’s recently announced plans to expand its Middle Eastern Road Network (MERN) – is set to run every Sunday, Tuesday and Thursday, from Sharjah (UAE) to Bandar Abbas (southern Iran). “Iran has consistently featured as a top ten destination in the Middle East. With this new offering we anticipate the business to double in the next twelve months,” said Bryan Moulds, UAE Country Manager, TNT Express.

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TNT UAE targets 60 per cent on-line shipments by mid 2006

Posted by | Nov 8, 2005 | |

TNT Express aims to have 60 per cent of its UAE consignments booked through its on-line products by mid 2006 said Mark Pell, TNT’s Managing Director, Gulf. To use the system, customers require an active account with TNT’s on-line service ‘myTNT’ and an e-mail address to which confirmations can be sent. The email contains details such as booking reference, company name, where packages should be collected and the date and time the pick-up takes place. The system will be rolled out in Bahrain and Kuwait by November this year.

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Emirates Post buys 60 percent in Wall Street Exchange for USD15 million

Posted by | Oct 27, 2005 | |

Emirates Post has bought a 60 percent stake in Wall Street Exchange Centre for over USD15m. Wall Street Exchange Centre offers a range of money changing services. It also has a presence in the wholesale forex market and operates as the exchange company for other exchange houses, banks and business houses.
“It’s the synergy between the two institutions that has brought them together. This will provide great convenience to the consumers using money exchange and money remittance services in the UAE,” said Asgar Patel, chairman, House of Patels, the group which owns Wall Street Exchange.

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DHL introduces premium fixed time express service between Gulf and Asia Pacific

Posted by | Sep 7, 2005 | |

DHL today announced it had extended its premium fixed time delivery service to cover small parcels and documents traffic between the six Gulf States and the Asia Pacific region. The UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia are all included within the scope of DHL’s Time Definite Delivery (TDD) service.
David Wild, General Manager, DHL UAE said: “This is a huge breakthrough for DHL and for Gulf State businesses trading with Asia Pacific. It reflects DHL’s commitment, as the market leader, to set new standards while raising the bar in terms of the services it offers its regional customers.

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