Browsing: Aramex

Aramex has announced a voluntary conditional cash offer from Q Logistics Holding, a fully owned subsidiary of Abu Dhabi’s ADQ Development Holding, to acquire up to 100% of the company’s issued share capital, as disclosed on the Dubai Financial Market (DFM).

Aramex has introduced a squadron of electric motorcycles as part of its last-mile delivery service in the UAE, aligning with its objective of achieving a 98 percent electric vehicle (EV) fleet by 2030, in line with the Science Based Targets Initiative (SBTi). The company is also dedicated to diminishing greenhouse gas emissions in the final stages of logistics and has invested in eco-friendly logistics solutions, including drones, to meet these targets.

Aramex, the largest courier company in the Middle East, has reported a more than doubled fourth-quarter profit, attributed to record volumes in its international express unit and strong growth in the GCC, Middle East, North Africa, and Turkey markets.

During the third quarter of 2023, Aramex maintained its performance, generating Group revenues of AED 1.35B. This marked a modest 5% year-on-year decline, primarily due to currency fluctuations, macroeconomic challenges, and subdued global retail activity in specific markets. quarter demonstrated the company’s resilience, evident through a commendable 4% year-on-year increase in gross profit and a robust EBITDA of AED 134M in Q3 2023.

Aramex, a company that offers solutions for logistics and transportation, announced on Wednesday that its…

Aramex is collaborating with Kiwibot to trial the deployment of AI-driven autonomous vehicles for delivering…

In comparison to the same period in 2021, the first nine months of 2022 saw…

The AD Ports Group was able to grow a record 35 percent year over year…

Aramex, a leading global provider of comprehensive logistics and transportation solutions, has received the necessary…

The Dubai logistics giant Aramex records a 15 percent fall in the net profits for…