Ahead of the Knesset Economics Committee meeting on the privatization of the Postal Authority today, the academic workers union has asked Communication Minister Reuven Rivlin to ensure the authority is opened to competition in an “organized and responsible” fashion. A union member said that if competition is introduced all at once, the Postal Authority could collapse.
Read MoreOfficials from Emirates Post and GATS UK, a subsidiary of Swiss Post, discussed yesterday cooperation between the two postal authorities and the shared use of their facilities.
Read MoreThe Saudi Cabinet recently approved the transfer of its state-run postal services to a joint public-private sector company. The Kingdom’s Supreme Economic Council (SEC) approved the move as part of a series of decisions designed to speed up the pace of privatization in the country.
Read MoreJordan expects to finalise a policy on how to privatise its postal services within the next three months. The Hashemite kingdom – which hopes to have all its citizens connected by 2004 – has selected J.P. Morgan as financial advisor for its planned public offering of part Jordan Telecom shares this October.
Read MoreSaudi Arabia’s cabinet on Monday approved moves to transfer the state-run postal services to an establishment jointly managed by the public and private sectors, the official SPA news agency reported.
The cabinet, meeting under Crown Prince Abdullah bin Abdul Aziz, also agreed to transfer all assets of the General Post Department to the Saudi Post Establishment which it decided to set up.
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