Tag: UAE

Agreement signed to boost emiratisation in postal sector

Posted by | Jan 30, 2008 | |

Emirates Post holding group and Emirates Nationals Development Programme (ENDP) have signed a Memorandum of Understanding (MoU) to boost emiratisation in the mail sector through a series of measures, including a three-month postal diploma programme, to be conducted by the Emirates Post training development centre, Dubai.

According to the MoU, the postal diploma programme will be for three months, at the end of which the candidate will receive a diploma endorsed by Emirates post holding group.

The new initiative, which is in response to the directives of His Highness Shaikh Mohammad Bin Rashid Al Maktoum, Vice-President and Prime Minister of UAE and Ruler of Dubai, on creating new opportunities for Emirati youth in various fields, especially in the private sector, was unveiled at a press conference addressed by Minister for Public Sector Development and Chairman of Emirates Post holding group Sultan Bin Saeed Al Mansouri, Chairman of ENDP Ahmad Humaid Al Tayer and President of Emirates Post holding group Abdullah Al Daboos.

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The International Organization for Standardization to work hand in hand with the UPU

Posted by | Jan 30, 2008 | |

Alan Bryden, Secretary General of the International Organization for Standardization (ISO), and Edouard Dayan, Director General of the Universal Postal Union, concluded a cooperation agreement today aimed at strengthening the exchange of information for finalizing standards of mutual interest to the two organizations.

Closer cooperation in standardization work has become necessary in an increasingly specialized technological environment. Furthermore, liberalization and postal sector developments have led to the development of new standards to meet the needs of the sector and its customers for enhanced quality of service.

As postal operators diversify their activities, incorporate e-commerce into their parcel and logistics services and develop their financial services, they need to operate in a standardized environment.

As Edouard Dayan pointed out, “The UPU manages a three-dimensional network: physical, electronic and financial. We have already developed many standards for the processing of physical mail. We now need to focus on standards for electronic and financial services. The cooperation agreement with the ISO is intended to do just that.”

As a standards organization, the UPU has already developed nearly a hundred technical standards for the postal sector. The agreement will enable the UPU to better position itself on the world stage and help it to prepare and better disseminate postal standards, particularly for financial and electronic services, that are recognized internationally, not only by postal experts but also by standards experts in other activity sectors.

One feature of the agreement is the creation of a contact committee of six officials responsible for implementing the provisions of the agreement. Thus, the ISO and the UPU will each be able to incorporate in its own standards references to the other organization’s standards.

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Western Union teams up with Bangladesh postal department for easy transfer of remittance

Posted by | Jan 29, 2008 | |

Western Union, an international money transferring company, has teamed up with Bangladesh Postal Department for delivering the money remitted by expatriate Bangladeshis to the villagers easily.

The Ministry of Posts and Telecommunications and the Western Union (WU) signed the five-year deal on December 12, 2007, Brigadier General (rtd) M A Malek, special assistant to the Chief Adviser, told journalists.

“As per the deal, we will launch our services through 450 post stations in Bangladesh in the first phase and the number of such postal WU money receiving points will be raised gradually,” according to Anil Kapur, WU managing director for South Asia, who was also present at the press meet.

Acting Posts and Telecommunications Secretary Iqbal Mahmood termed the agreement as a new dimension to the postal services.

“We have started delivering passport forms and I hope we will also be able to deliver passports from post offices very soon,” he said.

Special Assistant Malek hinted at renewal of the deal after expiry of its five-year tenure for continuation of the WU-Postal Department joint services to ensure ‘easy and timely’ delivery of remittances in rural Bangladesh.

Anil informed the journalists that Bangladesh is one of the top 15 remittance recipients across the globe.

As per official statistics, the country received nearly USD 6 billion as remittance from non-resident Bangladeshis (NRBs) last year and the contribution of such remittance to the gross domestic product (GDP) crosses 13 percent.

The regional top official of the international money transfer firm said at present 30 percent remittance comes from Saudi Arabia, 15 percent from the USA and more than 10 percent from the UK.

With only 100 points across the country at the onset of its operation, the WU has now set up more than 1400 points to receive money, Anil said while giving a resume of his company.

The WU’s share in global money transfer business is over 17 percent, he said.

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Emirates Post to apply for Islamic bank licence

Posted by | Jan 29, 2008 | |

bank this year, its top executive said. “We will apply for a licence in the next six months,” Emirates Post Holding Group President Abdulla Al Daboos told Emirates Business.

Although the UAE Central Bank has put on ice the issuance of any new licences, it has given the nod to Abu Dhabi-based Al Hilal Bank, taking the total number Islamic banks to seven in 2007. Moreover, due to the popularity of this form of banking, a number of banks have set up Islamic banking arms.

Gulf companies are expected to raise about USD 10bn in 83 IPOs over the next three years, said Abu Dhabi-based Gulf Capital.

Emirates Post has been consolidating its presence in the financial sector. In a bid to tap the low-income and “unbanked” segment in the UAE, it tied up with Noor Islamic Bank last week. More than two million of the 4.4m population of the UAE is unrepresented in the country’s banking system, Al Daboos said.

The new company will have a capital of Dh500m and will focus on launching debit cards, Islamic insurance, credit cards, micro-financing, salary payments, remittances and currency exchange.

Emirates Post also owns 60 per cent of Wall Street Exchange Centre, with the remaining 40 per cent held by the India-based House of Patels.

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DHL UAE provides web-based service for complete accounting transparency

Posted by | Jan 29, 2008 | |

DHL UAE has launched a web-based service called ‘MyAccount’ which it claims will provide complete transparency for all invoicing and account services 24/7 through real time accounting and tracking information.

The MyAccount service offers easy access to account and billing information, and is ideal for customers who wish to determine the charges on their shipments before the goods are delivered, DHL UAE said. Providing easy online access, the service also allows customers to view shipment information such as tracking shipments in real time.

The system also enables the accounting departments of DHL’s customers to view their invoices electronically and load the charges in their system, thus saving paperwork and time.

“MyAccount is a simple to use web-based service that gives customers greater control of their accounting requirements every step of the way, and allows DHL to deliver results faster, with greater transparency,” said Janet Jweihan, DHL UAE Country Manager.

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