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Dubai’s Aramex posts 3% increase in profits

Aramex has posted a 3% increase in quarterly profits to Dhs48m ($13m) compared with Dhs46.7m in the prior-year, as uncertainties in Egypt and high oil prices weighed on its growth, Reuters has reported. "Our operations are experiencing a slowdown due to uncertainties in Egypt and other markets, which has affected business and trade across the whole region," Fadi Ghandour, Aramex's chief executive said. Revenues rose 19% to Dhs651m from Dhs545m.