Tag: UAE

Dubai Customs moves closer to paperless

Posted by | Jan 28, 2008 | |

Dubai Customs has signed memoranda of understanding (MoUs) with a number of key supply chain partners — Dnata, Danzas AEI Emirates, Al Tayer Logistics, Gargash Enterprises and Emirates Sky Cargo — to use electronic commerce to achieve paperless trading.

The initiative allows importers and exporters to electronically perform 51 Customs transactions remotely, without having to visit the Customs’ centres.

The new electronic environment allows for monitoring and tracking shipments from departure from country of origin through all destinations on their way to Dubai, and through coordination with the major shipping companies that signed the MoUs.

Ram Menen, Emirates divisional senior vice president Cargo said: “As a leading advocate of electronic freight movement, we are delighted that such a progressive program has been initiated by Dubai Customs and the Government. Such an initiative, when fully implemented, will allow a more fluid flow of legitimate goods through the air and sea borders and eliminate potential bottlenecks.’

Read More

Over 875 Million Consumers Have Shopped Online – the Number of Internet Shoppers up 40pct in Two Years

Posted by | Jan 28, 2008 | |

More than 85 percent of the world’s online population has used the Internet to make a purchase — increasing the market for online shopping by 40 percent in the past two years — according to the latest Nielsen Global Online Survey on Internet shopping habits. Globally, more than half of Internet users have made at least one purchase online in the past month, according to Nielsen.
Among Internet users, the highest percentage shopping online is found in South Korea, where 99 percent of those with Internet access have used it to shop, followed by the UK (97pct), Germany (97pct), Japan (97pct) with the U.S. eighth, at 94 percent. Additionally, in South Korea, 79 percent of these Internet users have shopped in the past month, followed by the UK (76pct) and Switzerland (67pct) with the U.S. at 57 percent.
Globally, the most popular and purchased items over the Internet are Books (41pct purchased in the past three months), Clothing/Accessories/Shoes (36pct), Videos / DVDs / Games (24pct), Airline Tickets (24pct) and Electronic Equipment (23pct).
Credit cards are by far the most common method of payment for online purchases — 60 percent of global online consumers used their credit card for a recent online purchase, while one in four online consumers chose PayPal. Of those paying with a credit card, more than half (53pct) used Visa.
According to Nielsen, online shoppers tend to stick to the shopping sites they are familiar with, with 60 percent saying they buy mostly from the same site. “This shows the importance of capturing the tens of millions of new online shoppers as they make their first purchases on the Internet. If shopping sites can capture them early, and create a positive shopping experience, they will likely capture their loyalty and their money,” said Paul.

Read More

Emirates Post and Noor Islamic Bank sign MOU to Offer Financial Services for Low Income Segment

Posted by | Jan 20, 2008 | |

Noor Islamic Bank PJSC (“Noor”) and Emirates Post Holding Group have signed a Memorandum of Understanding (MoU) to establish a company that will offer banking services to the low income segment of the UAE population.

The new venture is in line with recent Federal Government initiatives aimed at the low income segment, and will develop specific products and services to cater to their needs.

The company will provide Sharia-compliant financial services, targeted at the low income and unbanked sectors of the population. It will leverage Noor Islamic Bank’s expertise in the provision of Sharia-compliant financial services and Emirates Post’s country-wide reach and brand reputation to offer a comprehensive basket of financial services.

Launched two weeks ago, Noor Islamic Bank has already established strategic partnerships with public sector institutions as well as the private sector. It is fast developing a reputation for being a modern, innovative and progressive Islamic financial institution, reflecting the core values of the UAE.

The proposed activities of the joint venture will include debit cards, Islamic insurance, credit cards, micro-financing, salary payments, remittances and currency exchange.

Read More

Empost plans USD 408m Asia acquisitions

Posted by | Jan 20, 2008 | |

Emirates Post said it is in talks to spend as much as 1.5 billion dirhams (USD 408.4 million) on acquisitions in Asia, including Malaysia and Singapore.

“We want to expand our network of distribution, which is why we are interested in Asia because … it completes our market,” the chairman of Emirates Post, Abdulla al-Daboos, told Reuters in Dubai on Sunday on the sidelines of a meeting with reporters.

“Our investment will be between 1 billion and 1.5 billion dirhams over five years on acquisitions in Asian companies in postal and financial services,” Daboos said.

Daboos did not identify any target companies. Other countries include Thailand and Indonesia, he said.

Empost plans to sell as much as a 40 percent stake in an initial public offering in the second-half, valuing the company at not less than 3 billion dirhams, al-Khaleej and Emirates Business reported this month, citing Daboos and Sultan al-Mansouri, Minister of Governmental Sector Development.

Read More

Emirates Post plans USD 408m Asia acquisitions

Posted by | Jan 20, 2008 | |

Emirates Post, the state-owned UAE monopoly postal service, said it is in talks to spend as much as 1.5 billion dirhams (USD 408.4 million) on acquisitions in Asia, including Malaysia and Singapore.

“We want to expand our network of distribution, which is why we are interested in Asia because … it completes our market,” the chairman of Emirates Post, Abdulla al-Daboos, told Reuters in Dubai on Sunday on the sidelines of a meeting with reporters.

“Our investment will be between 1 billion and 1.5 billion dirhams over five years on acquisitions in Asian companies in postal and financial services,” Daboos said.

Daboos did not identify any target companies. Other countries include Thailand and Indonesia, he said.

Empost plans to sell as much as a 40 percent stake in an initial public offering in the second-half, valuing the company at not less than 3 billion dirhams, al-Khaleej and Emirates Business reported this month, citing Daboos and Sultan al-Mansouri, Minister of Governmental Sector Development

Read More

Advertisement

Advertisement

Advertisement

P&P Poll

Loading

How ready do you feel for the de minimis changes coming in July?

Thank you for voting
You have already voted on this poll!
Please select an option!




View ResultsHide Results

Post & Parcel Magazine


Post & Parcel Magazine is our print publication, released 3 times a year. Packed with original content and thought-provoking features, Post & Parcel Magazine is a must-read for those who want the inside track on the industry.

Subscribe to the Magazine

 

Pin It on Pinterest