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Aramex embraces e-logistics and boost FY profit

Dubai market report

The Dubai financial market (DFM) general index gained 0.96 per cent to reach 3,886.53 points on Monday, February 9.
Aramex closed 2.20 per cent higher at AED3.29. Earlier in the day, the biggest logistics and parcel delivery company in the region said it generated in 2014 a net income of AED318.4 million ($86.75 million), up 15 per cent year on year.
Aramex chief executive Hussein Hacham said “Our performance was driven by solid revenue growth primarily in international and domestic express, as well as the continued expansion of our innovative e-commerce platform across key growth markets.”
Emaar edged lower by 1.10 per cent to AED7.29. Islamic insurance operator Takaful Emarat lost the most, finished the first week of February 7.56 per cent lower at AED0.905.

Gérard Al-Fil