Tag: UAE

Mobile phone subscribers are set to increase worldwide with an estimated 4.5billion subscribers in 2011

Posted by | Mar 13, 2008 | |

With it mobile payments are set to soar which is good news for companies investing in this sector; and good news for the customer.

A survey on the use of mobile wallets and payments will be discussed at the forthcoming Money Transfers Conference in Dubai on Monday 28th April.

Samee Zafar of consultants Edgar Dunn will describe how the mobile has moved from being a vehicle to making telephone calls to a versatile device with many capabilities.

In particular he will focus how mobile owners use them as a mobile wallet and vehicle for cross border remittance payments

As the survey points out, “Mobile money transfer is considered to be the most strategically important mobile financial service among those surveyed.”

A full session on the development of the mobile payment sector will feature in the Dubai Money Transfer Conference at the Habtoor Grand Hotel.

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Aramex to provide new logistics solution to the fashion retail industry

Posted by | Mar 10, 2008 | |

Middle East-based express and freight logistics group Aramex has announced the launch of an innovative logistics solution for regional fashion retailers capable of handling millions of garments a year.

The launch of the new supply chain solution for the fashion retail industry in the region includes advanced automated technologies and regional distribution systems custom tailored according to the industry’s growing demand. Aramex’ state-of-the-art facility is capable of storing and dispatching millions of garments a year, enabling regional fashion retailers to significantly increase distribution efficiency.

“In today’s competitive retail industry, success in fashion is as much about speed in delivery as it is about cutting edge designs. Aramex is therefore supporting its fashion clients by helping them meet the high demand of their perceptive clientele,” said Iyad Kamal, Chief Logistics Officer at Aramex.

Collaborating with major fashion retail chains, Aramex has developed customised supply chain solutions that have helped them streamline their entire retail process across stores in the GCC from the company’s advanced logistics facility in Jebel Ali Free Zone. At the logistics centre, Aramex provides offsite retail solutions powered by an automated GOH (Garment on Hanger) stock replenishment system, with total online visibility and order tracking capabilities.

The supply chain solution market is a key component of Aramex’s overall regional growth strategy, with its Dubai Logistics Centre acting as a dynamic hub for the various markets it serves across the GCC.

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Emirates Post plans aggressive expansion ahead of share offer

Posted by | Mar 10, 2008 | |

Enjoying strong profit and growing by 20 per cent annually, Emirates Post has turned its focus on expansion plans abroad.

Abdulla Ibrahim Al Daboos, Vice-Chairman and President of Emirates Post Holding Group and Chairman of Emirates Post, sat down with Emirates Business to discuss the group’s diverse business interests and its plans for the future, including acquiring a fleet of aircraft and starting joint ventures with remittance firms overseas.

Looking beyond traditional domestic mail processing, Al Daboos is working to turn Emirates Post into a successful international brand.

How was Emirates Post’s performance last year and what are your expectations for 2008?

No doubt we have made a lot of progress since 2001 when Emirates Post was established as a commercial entity under the UAE Government. The services we have provided so far have been very helpful to the community. Emirates Post made Dh190 million net profit for the year 2007, and we expect a 20 per cent growth from our national operations. If we acquire international operations, we can expect another 20 per cent growth.

What measures has Emirates Post been taking to prepare to move outside the UAE?

We had to think of expansion to our operations and services beyond the UAE borders. We divided our strategy into three categories: financial, express and logistic services. We have already developed these, but more on the national level, and we can use this as our foundation to go regionally and internationally.

We are re-engineering a lot of the processes currently taking place in the government, semi-government and private sectors by evaluating how they conduct their businesses and interact with their customers and mail management. But we need to work on many issues such as proper management, proper IT infrastructure and liquidity so we can succeed internationally.

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Abu Dhabi postal workers to get free accommodation

Posted by | Mar 9, 2008 | |

The Board of Emirates Post has proposed that those working in Abu Dhabi post offices who live in other emirates should be given free bachelor accommodation.

The proposal was put forth by the Board at a meeting last Sunday, under the chairmanship of Abdullah Al Daboos. The meeting was attended by Fahad Al Hosani, Vice President of Emirates Post Group, Ibrahim Bin Karam, CEO of Emirates Post and other members of the board.

The aim is to enable the employees to avoid travel back and forth on high-speed roads, exposing them to accidents, pressure and tiredness. The proposal will be submitted to the Board of Emirates Post Group for final approval.

“Our employees working in Abu Dhabi have been facing hardships because they had to travel long distances under dangerous conditions. We have, therefore, proposed to provide them with accommodation, without any deduction from their salary,” said Al Daboos. “The decision is in keeping with our constant efforts to look after the welfare and well-being of our employees.”

The board also endorsed the rules for Emirates Post, to be ratified later by the Board of Emirates Post Group. The members reviewed the financial performance of Emirates Post for the first two months of 2008, and expressed satisfaction that performance was stronger than the corresponding period in 2007.

The board discussed broad aspects of Emirates Post’s strategy for the future as a subsidiary of the Emirates Post Holding Group, including new alliances and new ventures with strategic partners, as part of its strategic diversification and expansion.

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Wall Street’s mobile teams begin on-site disbursement of workers’ salaries

Posted by | Mar 4, 2008 | |

The service, which comes with no extra charge to the workers, is available to companies that have signed agreements with Emirates Post to have their workers’ salaries paid out through mobile teams of Wall Street Exchange.

The Wall Street teams visit designated venues, usually workers’ accommodation sites, on fixed days to disburse the salaries, using laptops and GPRS to enable workers to transfer money to their home countries through Wall Street’s large network of correspondent banks across the globe, including South Asia, for a competitive fee.

The worker can either transfer money to a beneficiary bank account or send cash within minutes using other available money transfer channels, including Instant Cash and Western Union.

Abdul Basit Al Suwaidi, CEO – UAE, Wall Street Exchange said:

“Wall Street is among the first companies to offer this value addition of salary disbursal at the doorstep of workers. We have signed agreements with several companies, involving thousands of workers. The first experience of distributing salaries through our mobile teams was completed in February with a success rate of 99.9%. The response from the companies and the workers has been overwhelming.”

Companies signing agreements with Emirates Post for enabling the salary payout of workers enjoy several benefits and advantages, including convenient locations, extended timings, timely payment and, most importantly, the facility of transferring money without going through the trouble of visiting an exchange company.

The Wall Street mobile team service is available to companies with over 500 workers.

In the case of companies with less than 500 workers, they will have to collect their salary from designated post offices.

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