DFM ---ADX ---
5hUAE Banks PoSitioned to Lead the Global Virtual Asset MarketBusiness
6hParkin Hits Record Q3 Profits Driven by Strong Seasonal Card DemandBusiness
7hRamadan 2027: How UAE Consumers Are Preparing for the Holy MonthBusiness
8hDubai Future Finance Week Concludes with Over 80 Strategic PartnershipsBusiness
8hOil prices dip as diplomatic tensions coolBusiness
8hDubai to Host High-Level Forum on AI, Risk, and Global Trade ResilienceBusiness
8hUAE’s Banking Sector Poised for a Transformative EraBusiness
8hOil Prices Tumble as Trump Signals De-escalation with IranBusiness
8hSaudi Arabia’s Real Estate Market Sees Steady Growth Amid Rising Residential DemandBusiness
8hUAE’s Dh3 Trillion Trade Milestone Showcases Economic ResilienceBusiness
8hAI Agents Are Redefining the Modern WorkplaceBusiness
8hAramex Sees Massive 817% Profit Surge Driven by Logistics ExpansionBusiness
8hQuestions Surround Trump and Jensen Huang Amid Espionage ConcernsBusiness
8hUAE’s Loyalty Market Evolution: Expert Training Takes Center StageBusiness
9hHow AI is Revolutionizing Property Management in the UAEBusiness
20hPakistan and Saudi Arabia Launch Joint Private Equity Fund to Drive Economic GrowthBusiness
1dDubai Remains the Top Choice for Long-Term Wealth CreationBusiness
1dUS Companies Flock to Dubai’s DMCC as Trade Ties Hit Record HighsBusiness
1dAirlines Betting Big on Luxury Travel to Drive Future ProfitsBusiness
1dNavigating the Risks of UAE’s Growing AI Agent EcosystemBusiness
1dTravel Disruptions Across UAE: Flight Cancellations and Delays Impact Regional RoutesBusiness
1dThe Allure of AI Trading Bots: Why Passive Profits Often Come with High RisksBusiness
1dMarket Volatility Ahead: Tech Stocks Falter as Inflation Data LoomsBusiness
1dAdnoc Distribution’s Strong Growth Driven by Network Expansion and Retail GainsBusiness
1dAl Marjan Island: How Fine Dining Is Becoming the Heart of RAK’s Real Estate BoomBusiness

Aramex Sees Massive 817% Profit Surge Driven by Logistics Expansion

Tue, Nov 10, 2026(8h ago)Business

Aramex has delivered a stellar financial performance for the third quarter of 2026, with net profits skyrocketing by 817% to reach Dh48 million. This dramatic year-on-year jump, up from just Dh5.2 million in the same period last year, was underpinned by record-breaking quarterly revenue of Dh1.98 billion—a 24% increase. The company’s freight forwarding division served as the primary engine for this success, benefiting from robust customer demand and a strategic, diversified approach to transportation that allowed the logistics firm to maintain seamless operations despite global market challenges.

Beyond the quarterly spike, Aramex’s nine-month performance highlights a broader trend of operational efficiency and financial recovery, with profits surging to Dh112 million. CEO Amadou Diallo attributed these gains to the company’s "Accelerate28" transformation strategy, which prioritizes disciplined execution and cost management. With a solid cash position and strengthened EBITDA margins, the UAE-based logistics provider continues to leverage its extensive international network across 70 countries to sustain long-term growth and solidify its standing in the competitive global supply chain market.

Comments0
No comments yet. Be the first to share your thoughts.