Browsing: operational efficiency

Etihad Airways, headquartered in Abu Dhabi, has rebounded to profitability and is actively enhancing transparency, governance, and financial stability in anticipation of a potential initial public offering (IPO), as stated by CEO Antonoaldo Neves.

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.