Tag: UAE

DP World confirms GBP 1.5bn investment in London Gateway Project

Dubai World chairman Sultan Ahmed Bin Sulayem has confirmed that DP World plans to invest GBP 1.5 billion in the London Gateway Project.

The London Gateway project will include a world-class port capable of handling the largest deep-sea container ships, as well as the UK’s largest multi-modal business and logistics park.
The London Gateway developments will contribute significantly to the UK government’s wider Thames Gateway regeneration program.

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Arab world's total postal income grows by 21.6%

Dubai: Total operating income from the Arab world’s postal services grew 21.6 per cent to USD1.34 billion last year, according to the Universal Postal Union (UPU).
Compared to this, Emirates Post last year reported net profits of Dh133 million.
Postal authorities of the 21 Arab countries that serve 310 million people through 17,000 offices, also employ 119,000 people, which is 2.2 per cent of the 5.5 million world postal workforce.
Nearly 70 per cent of the Arab postal administrations are public. The Arab postal authorities last year handled 1.2 billion domestic, 285 million international letter posts and 1.4 million percels.
About 39.9 per cent of all the mails were letter post while 28.1 per cent parcel post and 28.4 per cent other products and services.

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Emirates Post to buy Indian company

Emirates Post will acquire an Indian cargo and courier company as it moves into new businesses before its proposed privatisation next year.

New business units are being created to handle logistics and remittances services before the UAE postal firm is put under a holding company, which will oversee its expansion abroad, officials told Gulf News yesterday.

“We are introducing new businesses into the overall structure of Emirates Post. Privatisation is the only way for us to run successful operations in the UAE and go into the global market. We cannot go into the global market as government,” Emirates Post Chairman and UAE Minister of Communications Sultan Saeed Al Mansouri said.

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Door-to-door delivery of mail to be a reality soon

Door-to-door delivery of mail will soon become a reality in the UAE once the municipalities of all the emirates jointly furnish a feasibility report addressing the mechanism on devising a new postal address system and a zip code for each area to enable residents receive mail at their doorstep.

Speaking to Khaleej Times, Abdullah Al Daboos, Director-General of Emirates Post, said yesterday that the Dubai Municipality is currently preparing a feasibility report on the address system.

“We have also alerted all other local municipalities to furnish details on the new postal address system after working out a mechanism in cooperation with relevant public sector departments including Etisalat, Empost, Electricity and Water Authority, Police and Civil Defence in the respective emirates.“

Once the municipalities respond with their feasibility report on the postal address system with street numbers and names and building numbers in place, Emirates Post will launch the door-to-door delivery of mail, Al Daboos added.

The new service will be introduced soon because of the growing demand for delivery of mail at the doorstep, said Al Daboos, refusing to give an exact date for the launch of the service.

He said the cost economics of the new service is currently being reviewed, admitting that it is a costly process.

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