Tag: UAE

Aramex increases Q1 revenues by 24pct

Posted by | Apr 23, 2008 | |

Aramex has announced a first-quarter revenue rise of 24pct to AED 494.4 million (EUR 84.1 million), from AED 399.6 million (EUR 67.9 million) for the same period last year, highlighting the company’s strong financial performance.

Net profits for 2008’s first quarter rose by 21pct to AED 36.2 million (EUR 6.2 million), from AED 29.9 million (EUR 4.9 million) posted in 2007.

Despite challenges in the market, Aramex said it continues to reap the benefits of a successful expansion strategy that has helped boost productivity and sales across key product and service lines, as reflected in the company’s healthy margins. Along with strong profitability for its freight and express product, the company has been pleased with the impressive growth of its logistics and records management services, which have witnessed 39pct and 57pct growth, respectively.

Across Aramex’s core Middle East market, performance in the Levant has improved notably, while rapid growth in the Kingdom of Saudi Arabia and excellent results in the UAE have made an unequivocal impact on the company’s profitability, the company said.

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Saudi Post and Emirates Post discuss new ventures

Posted by | Apr 20, 2008 | |

A high-level delegation from Saudi Post visited Emirates Post and discussed areas for increased co-operation and new business ventures.

The delegation led by Dr Mohammed Saleh Benten, Saudi Post chairman, met Emirates Post president Abdulla Al Daboo and signed an agreement to launch a new project for cargo movement by road between Saudi Arabia and the UAE.

The duo also held talks on various topics including a proposal to open a Saudi unit of electronic document centre (EDC) to handle mail fulfillment jobs and card personalisation.

They also discussed machinery and other equipment required for the implementation of the project.

The duo also discussed the marketing plan to implement new plans and increase co-operation in financial services, including money transfer and remittances through Wall Street Exchange.

Both sides expressed satisfaction over the plan for enhanced financial services. They also discussed a plan to offer the expertise of Emirates Marketing & Promotions (EMP) to Saudi Post.

Fahad Al Hosani, vice president, Emirates Post Group, Ibrahim Karam, CEO of Emirates Post, and Abdullah Al Fan, CEO of strategy & planning affairs, EPG, and CEO of EPG subsidiaries attended the meeting.

Emirates Post felicitated Dr Benten at a special function on being named ‘Best Chief Executive in the Middle East’ by the Middle East Institute for Excellence in Dubai last month

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DHL UAE switches to eco-friendly courier bags

Posted by | Apr 11, 2008 | |

DHL Express announced that the company will replace its regular plastic bags with new environmentally-friendly bags.

The new bags are not only stronger but are also fully reusable and recyclable and can degrade in as little as two years, leaving behind just natural elements: water, carbon dioxide and biomass. Conventional plastic bags, on the other hand, can take up to one thousand years to degrade; increasing landfill volume and contributing to the hazardous build-up of methane in landfill sites.

The switch to biodegradable bags is part of DHL’s worldwide initiative to reduce its environmental footprint across the 220 countries in which it operates. The move comes at a time when the most recent industry research indicates that the Middle East region and the UAE in particular, has an urgent need to focus on environmental sustainability.

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Emirates Post Group to develop Ajman property

Posted by | Apr 4, 2008 | |

Emirates Post Group has forayed into property development in Ajman by entering into an agreement with Ajman Sports and Cultural Club to develop malls and commercial buildings in Ajman on land owned by the Club.

According to the agreement, Emirates Post Group will build malls and commercial buildings in three locations, with the Ajman Sports and Cultural Club receiving a fixed percentage of the revenues annually for a 20-year period. At the end of this period, there is an option to either extend the contract or hand over the properties to the Club.

In addition, Emirates Post Group will offer space to Ajman Sports and Cultural Club to open supermarkets which will be run by the proposed Ajman Cooperative Society. The rest of the space will be used by Emirates Post Group to offer postal and non postal services, for activities of subsidiaries companies and for renting to outside companies.

Abdullah Al Fan, CEO of Strategy and Planning Affairs, EPG, commented, “The Emirates Post Group is guided by the strategic goal of increasing revenues through innovation and global best practices, as a way of contributing to the national economy. The strategy will come to fruition within the next few years. Our partnership with Ajman Sports and Cultural Club is just one example of our ambitious business model.”

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