Saudi Arabia’s highest economic policy-making body yesterday endorsed a privatisation strategy among a series of decisions aimed at boosting the role of the private sector. The council also agreed to transfer the government-run postal services to an establishment run jointly by the private and public sectors as a prelude to its privatisation.”
Read MoreAt a time when transport operators are complaining about overcapacity, lower rates and a drop in volumes, TNT recorded a 15% growth in revenue for the Gulf region in 2001 with a similar figure predicted for this year. Mark Pell, TNT’s Gulf general manager, predicts a 17% increase in revenue on consignments handled in the UAE this year – the regional hub – following 19% growth last year.
Read MoreExpress courier company DHL International said on Wednesday it would invest $10 million in Gulf Arab states this year to enhance its operations. DHL Area Director Philip Couchman said the firm would invest $4 million in Saudi Arabia while the rest would be invested in Bahrain and the United Arab Emirates (UAE).
Read MoreThe guidelines highlight a series of key questions that SAIs are likely to need to address when examining the efficiency and effectiveness with which economic regulators set about their tasks.
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