#Aramex

Dubai’s Aramex in discussions to acquire Turkey’s MNG Kargo

Discussions are still in the early stages

Dubai’s Aramex appoints Othman Aljeda as CEO

Aljeda replaces Bashar Obeid who submitted his resignation to the board on April 29

Aramex

Dubai-headquartered Aramex’s CEO Bashar Obeid resigns

He resigned on April 29 citing “personal reasons”

Moroccan court rules against Dubai’s Aramex in $40m lawsuit

Aramex confirmed that the judgment can be appealed

Aramex

Dubai Economy partners with Aramex to offer customised solutions for startups, freelancers

Aramex will provide DED Trader licence holders with Domestic and International Express delivery solutions, and comprehensive freight services and logistics assistance

Dubai-based LetsTango.com partners with Aramex to market Thai products

Aramex will leverage its logistics network to reach more businesses and consumers

Abu Dhabi’s ADQ acquires 22% of courier firm Aramex

The shares were acquired through a series of on-market transactions and through an off-market special deal

Dubai’s Aramex posts 38% dip in Q1 2020 net profit

Aramex’s Q1 2020 revenues fell 3 per cent to Dhs1.19bn, compared to Dhs1.23bn in Q1 2019

Aramex plans 2-3 acquisitions, 5 start-up investments in 2016

Logistics firm plans to diversify its business with a focus on e-commerce

Aramex 2015 revenue up, profit slides

Currency fluctuations and an employee incentive scheme impacted the results

Lower Oil Prices, E-commerce To Aid Growth In 2015, Says Aramex

Aramex CEO Hussein Hachem said that lower oil prices could translate into a 5 to 10 per cent drop in its 2015 operating costs.