By teaming up with Aramex, DB Schenker will be able to grow its footprint in Abu Dhabi, a strategic and growing trade and logistics hub in the region, while Aramex will benefit from the German company's experience in specialised freight-forwarding, the companies said on Wednesday.
The partnership will further boost Aramex’s capabilities and offerings in the region, including the aerospace, defence, infrastructure and healthcare industries, they said.
“Our alliance will enable Aramex to become a stronger, more competitive player in the sea and air freight-forwarding services in Abu Dhabi and other core markets,” said Othman Aljeda, chief executive of Aramex. “This is a very exciting strategic partnership that has the potential to unlock more value for existing customers while also enabling us to realise our commercial and diversification goals.”
The move is in line with Aramex's goal to grow its core freight-forwarding business through investment in technologies and expansion of ground operations to improve its capabilities, capture a greater market share and diversify its customer base.
“By joining forces with DB Schenker … we will accelerate the realisation of our goals in the freight-forwarding business,” Mr Aljeda said.
DB Schenker operates in 2,100 locations in more than 130 countries with a workforce of 76,900 employees. In the Middle East and Africa, DB Schenker serves customers in more than 40 countries with more than 1,700 logistics experts.
“We recognise the immense opportunities emanating from Abu Dhabi and the MEA region,” said Christopher Smith, chief executive of DB Schenker for Middle East and Africa.
“I am confident that together, we will be able to grow our footprint in Abu Dhabi and the wider MEA region. We are excited about this expansion plan, and we look forward to realising synergies and scaling our operations in the region to serve our existing major accounts and new potential clients more comprehensively.”
Aramex was founded in Jordan by Fadi Ghandour in 1982 and was the first company from the Arab world to list on the Nasdaq. It later delisted in 2002 and went public again in 2005. It is currently listed on the Dubai Financial Market. Mr Ghandour sold his remaining shares in Aramex in 2016.
ADQ, one of the region’s largest holding companies, acquired 22.25 per cent of Aramex in September through a series of on-market transactions and an off-market special deal.
Aramex reported a 32 per cent decline in first-quarter profit but its revenue soared on the back of rising e-commerce transactions during the pandemic.
Profit in the first three months of the year fell to Dh46 million ($12.5m) from the same period a year earlier. Revenue in the first quarter grew 24 per cent to Dh1.4 billion.
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UAE currency: the story behind the money in your pockets
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What is a robo-adviser?
Robo-advisers use an online sign-up process to gauge an investor’s risk tolerance by feeding information such as their age, income, saving goals and investment history into an algorithm, which then assigns them an investment portfolio, ranging from more conservative to higher risk ones.
These portfolios are made up of exchange traded funds (ETFs) with exposure to indices such as US and global equities, fixed-income products like bonds, though exposure to real estate, commodity ETFs or gold is also possible.
Investing in ETFs allows robo-advisers to offer fees far lower than traditional investments, such as actively managed mutual funds bought through a bank or broker. Investors can buy ETFs directly via a brokerage, but with robo-advisers they benefit from investment portfolios matched to their risk tolerance as well as being user friendly.
Many robo-advisers charge what are called wrap fees, meaning there are no additional fees such as subscription or withdrawal fees, success fees or fees for rebalancing.
The specs
Engine: 4.0-litre V8 twin-turbocharged and three electric motors
Power: Combined output 920hp
Torque: 730Nm at 4,000-7,000rpm
Transmission: 8-speed dual-clutch automatic
Fuel consumption: 11.2L/100km
On sale: Now, deliveries expected later in 2025
Price: expected to start at Dh1,432,000
Yahya Al Ghassani's bio
Date of birth: April 18, 1998
Playing position: Winger
Clubs: 2015-2017 – Al Ahli Dubai; March-June 2018 – Paris FC; August – Al Wahda
Going grey? A stylist's advice
If you’re going to go grey, a great style, well-cared for hair (in a sleek, classy style, like a bob), and a young spirit and attitude go a long way, says Maria Dowling, founder of the Maria Dowling Salon in Dubai.
It’s easier to go grey from a lighter colour, so you may want to do that first. And this is the time to try a shorter style, she advises. Then a stylist can introduce highlights, start lightening up the roots, and let it fade out. Once it’s entirely grey, a purple shampoo will prevent yellowing.
“Get professional help – there’s no other way to go around it,” she says. “And don’t just let it grow out because that looks really bad. Put effort into it: properly condition, straighten, get regular trims, make sure it’s glossy.”
A list of the animal rescue organisations in the UAE
SPECS
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Volvo ES90 Specs
Engine: Electric single motor (96kW), twin motor (106kW) and twin motor performance (106kW)
Power: 333hp, 449hp, 680hp
Torque: 480Nm, 670Nm, 870Nm
On sale: Later in 2025 or early 2026, depending on region
Price: Exact regional pricing TBA
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Labour dispute
The insured employee may still file an ILOE claim even if a labour dispute is ongoing post termination, but the insurer may suspend or reject payment, until the courts resolve the dispute, especially if the reason for termination is contested. The outcome of the labour court proceedings can directly affect eligibility.
- Abdullah Ishnaneh, Partner, BSA Law
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