Transport Aramex opens new central operation hub in Oman By Pramod Kumar November 17, 2023, 5:31 AM Aramex Aramex executives and Omani government officials at the newly opened operation facility in Muscat Dubai-listed logistics company Aramex has unveiled an advanced courier operation facility in Muscat, Oman, to streamline its shipping process from package arrival to final delivery. The new facility, near the Muscat airport, will serve as a central hub for Aramex’s Oman operations, facilitating quicker delivery and efficient logistics management. Aramex profit drops 76% on steep interest rate hike Oman’s economy to recover next year after 2023 slump Samer Marei, vice president – GCC at Aramex, said: “The facility enables us to provide even more efficient and reliable services to customers, contributing to the growth of the logistics sector in the Sultanate.” Earlier this month, Aramex said net profit fell 76 percent in the third quarter of 2023, led by the steep increase in interest rates since the acquisition of MyUS, a shipping and logistics company. Net profit reached AED9.64 million in the third quarter of 2023, compared to AED39.64 million a year ago. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
