Bashar Obeid News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Dubai: Dubai’s logistics major Aramex was hit by a 32 per cent drop in net profits for the first quarter of 2021, with Dh46.01 million compared to Dh67.41 million a year ago, This was despite international and domestic express volumes totaling 31.59 million, which is a 26 per cent increase over last year. “The decline in operating profit and EBITDA was impacted by an increase in line haul costs on the back of global capacity constraints caused by supply chain disruptions due to the pandemic,” said Bashar Obeid, CEO. “The capacity shortage during the quarter was further exacerbated as ...

Aramex names Othman Aljeda as new CEO Waheed Abbas/Dubai Supplied photo Othman joined Aramex in 1994. Logistics and transport firm Aramex on Thursday announced the appointment of Othman Aljeda as CEO, replacing Bashar Obeid who submitted his resignation last week. Bashar will work closely with Othman to support a smooth transition of responsibilities. Othman joined Aramex in 1994, and over the last two decades, he has stepped up in several leadership roles to strengthen the company’s business in the GCC, Asia, and North America & Europe. From 2007 to 2017, Othman set up Aramex’s first reg...

SHARE Dubai-listed Aramex appointed Othman Aljeda as its new chief executive as the company reported a 32 per cent decline in first-quarter profit but saw revenue soar on the back of rising e-commerce. Profit in the first three months of the year fell to Dh46 million ($12.5m) from the same period a year earlier, the company said in a regulatory filing on Thursday to the Dubai Financial Market, where its shares trade. Revenue in the first quarter grew 24 per cent to Dh1.4 billion. Operating profit declined 20 per cent to Dh79m. First-quarter earnings before interest, taxes, depreciation, and ...

It looks like this was the result of either: A mistyped address A broken link on our site A broken link on a search engine results page A broken link on someone else's page Some things to try: Use the navigation menu at the top Most Read

Aramex, a leading global provider of logistics solutions, has posted revenues of AED1.425 billion ($387 million) in the first quarter of the year (Q1) compared to revenue of AED1.152 billion in Q1 2020, reflecting an increase of 24%.