Tag: UAE

DHL Express Bahrain head moves to Saudi

Posted by | Oct 11, 2007 | |

DHL Express Bahrain yesterday announced the redeployment of its top brass to boost operations in the Kingdom and Saudi Arabia.

Nour Suliman, its Bahrain Country Manager for six years with 29 years experience with the express and logistics provider, has been made the Country Manager for its operations in Saudi Arabia.

Mark Benton, DHL’s Country Manager for Oman, replaces Nour Suliman at DHL Express Bahrain. Mark has been with DHL since 2000 when he joined DHL Express New Zealand as National Operations Manager. After three years, Mark moved to SNAS/DHL Saudi Arabia as National Operations Manager based in Al Khobar. In April 2006, he was given the Oman posting.

Suliman and Benton’s promotions come as part of DHL’s continuous plan for expanding and growing the business in Saudi Arabia and Bahrain, said Dave Spargo, Regional Area Director for DHL Middle East. Saudi Arabia is considered the biggest logistics market in the Middle East, and Bahrain is strategically important, as the location for the company’s regional hub, as well as a local market continuing to offer growth in the express freight and logistics business.

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Emirates Post showcases IT solutions at Post-Expo in Barcelona

Posted by | Oct 9, 2007 | |

Emirates Post highlighted its indigenously developed POS (Point of Sale) system that automates postal, at Post-Expo 2007, the leading exhibition and conference dedicated to postal, courier and mailing industries, held in Barcelona, from October 2 to 4, 2007.

The Emirates Post’s POS system has been customized to deliver postal and non-postal services across the postal network in the United Arab Emirates. It enables counter agents to deliver multiple services, with a real-time link to new partners. This is part of the UAE’s drive towards e-Government.

The Emirates Post stand showcased IT solutions as well as stamps issued over the past few years, highlighting UAE culture and history. The stand was visited by several visitors and VIPs, including Mr. Edouard Dayan, Director General of UPU.

Mr. Abdulla Al Daboos, Director General of Emirates Post, said: ‘Post-Expo is a major platform that brings together postal business leaders and technical industry experts. The participants got an opportunity to showcase our postal technology and gain insights into new developments through interaction with post officials from all over the world.’

Mr. Mana Al Suwaidi, Marketing Director, Emirates Post, who took part in the various programs of the Expo, said: ‘It is crucial for Emirates Post to participate in such programs. Mr. Dayan hailed Emirates Post for successfully hosting the UPU Strategy Conference in Dubai in November 2006, and said the event paved the way for laying a strong foundation for the new Postal Strategy that will be unveiled at the UPU Nairobi Congress in 2008.’

Mr. Suwaidi took part in the World Postal Business Forum and technology workgroups that focused on the experiences of global postal operations in technological innovations, solutions and ideas.

At this year’s Post Expo more than 200 companies took part, and over 50 exhibitors showcased technology solutions and services essential for providing best services for package delivery.

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GCC postal units to set up logistics firm

Posted by | Oct 5, 2007 | |

Postal corporations of the Gulf Cooperation Council (GCC) States are working to set up a regional level logistics company, according to a Q-Post official. An international consulting firm is conducting a feasibility study, he said. The consultant is expected to complete the study shortly.

The official said discussions on the need for such a company would be held at the forthcoming GCC Postal Meet to be held in Jeddah later this month.

The GCC postal forum’s plans to acquire aircraft on lease to carry mail will also figure at the Jeddah talks.

The official said at present only Emirates Post operates courier aircraft to select destinations in Asia and Europe.

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CPL – Aramex plans more acquisitions

Posted by | Oct 4, 2007 | |

Aramex plans to continue buying freight companies in key markets around the world to build up its global network, Osama Fatalleh, senior vice president and chief strategic officer, told the CPL Summit in Barcelona this week.

The Middle East-based freight logistics company wants to become the world’s fifth-largest express player through a mix of subsidiaries, alliance partners and franchises. “Our industry cannot continue to be controlled by four companies on a global scale,” Fatelleh said.

Over the last few years, Aramex had built up a worldwide network through this mixed approach but continued to face the challenge of having partners acquired by one of the big four players, Fatelleh said. In response, Aramex had decided to move from a cooperation model to a financial holding strategy in key markets such as the US, Asia and Central Europe, he said.

At the same time, Aramex was broadening its product portfolio into freight. In future, it was likely to buy freight companies and then widen them with express services since there were now few attractive express companies left to buy, he commented. Aramex also planned to open up its network to smaller local or regional players to give them more opportunity to compete with the big four integrators, he added.

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DP World lines up UAE's biggest IPO

Posted by | Oct 4, 2007 | |

Dubai ports operator DP World plans to raise up to USD 3.5 billion by selling shares in the company though what would be the UAE’s biggest initial public offering (IPO), sources have said.

DP World, part of state-owned conglomerate Dubai World, could sell as much as 30% of its stock as early as next month, listing on the Dubai International Financial Exchange (DIFX), newswire Bloomberg reported on Thursday, quoting people with knowledge of the proposal.

The proposal values the company at around USD 10.5 billion.
The listing would be the Middle East’s second-biggest IPO after Saudi Telecom’s USD 4.1 billion IPO in 2003.

Funds raised from the sale would be used to fund expansion and honour USD 3.5 billion of convertible Islamic bonds sold last year through DP World’s parent Ports, Customs and Free Zone (PCFC), the newswire said.

If the plan goes ahead, it will finally end speculation over what has been one of the most talked about listings in Middle East history.

DP World, the world’s third-largest container port operator, has been looking into selling shares through an IPO for some time now, and the company has always said a public listing is something it is considering, but that no decision has yet been made.

Since last year when the ports operator hired Deutsche Bank and Merrill Lynch to advise on a possible IPO, numerous stories have appeared in local and international media speculating about a possible listing.

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