Tag: UAE

Emirates Post buys 60 percent in Wall Street Exchange for USD15 million

Posted by | Oct 27, 2005 | |

Emirates Post has bought a 60 percent stake in Wall Street Exchange Centre for over USD15m. Wall Street Exchange Centre offers a range of money changing services. It also has a presence in the wholesale forex market and operates as the exchange company for other exchange houses, banks and business houses.
“It’s the synergy between the two institutions that has brought them together. This will provide great convenience to the consumers using money exchange and money remittance services in the UAE,” said Asgar Patel, chairman, House of Patels, the group which owns Wall Street Exchange.

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DHL introduces premium fixed time express service between Gulf and Asia Pacific

Posted by | Sep 7, 2005 | |

DHL today announced it had extended its premium fixed time delivery service to cover small parcels and documents traffic between the six Gulf States and the Asia Pacific region. The UAE, Bahrain, Kuwait, Oman, Qatar and Saudi Arabia are all included within the scope of DHL’s Time Definite Delivery (TDD) service.
David Wild, General Manager, DHL UAE said: “This is a huge breakthrough for DHL and for Gulf State businesses trading with Asia Pacific. It reflects DHL’s commitment, as the market leader, to set new standards while raising the bar in terms of the services it offers its regional customers.

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TNT Middle East route boost

Posted by | Aug 22, 2005 | |

TNT Express is set to expand its Middle East Road Network with the addition of five new routes next year. The carrier has embarked on an aggressive expansion starting with its Day Definite service, which guarantees customers the exact number of days to delivery. Steve Barrett, TNT’s newly-promoted MERN operations manager said: ‘The road network is the backbone of TNT’s regional strategy and we plan to launch routes linking the Gulf countries with the wider Middle East and Europe next year. ‘We also have excellent relationships with authorities at border points and a good understanding of import-export regulations throughout the region.

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TNT appoint first UAE Country General Manager

Posted by | Aug 7, 2005 | |

TNT industry veteran Briton Moulds having served for nearly two decades, will spearhead and strategise the company’s immediate Dhs 2.5 million Emirates-wide expansion.

Moulds takes up the new post after four years as National Sales and Marketing Manager at TNT Gulf, where his duties included strategy planning and implementation, cost control and ensuring a robust workable commercial policy.

TNT Express, the world’s leading B2B express delivery company, has appointed Bryan Moulds as its first Country General Manager for the United Arab Emirates.

‘This new dedicated UAE appointment is a direct response to TNT’s rapid growth in the Emirates of more than 30percent over the last year,’ said Mark Pell, TNT’s Managing Director, Gulf and Saudi Arabia.

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Empost launches ‘Litedox’ courier service to India and UAE

Posted by | Jul 30, 2005 | |

Empost, the UAE’s national courier company, has launched ‘Litedox’, an innovative courier service for the delivery of light documents to India as well as within the UAE. The door-to-door courier service is designed to cater primarily to the need for sending original documents, certificates, statements and letters to India, whose expatriate community is the largest in the UAE. The service will be expanded to other international and regional countries at a later stage.

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