Entries Tagged 'Issue 11 October 2008' ↓

Challenging the competition

Making your presence felt in a cutthroat industry

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Manya Pamnani is the Director of Advisory & Consulting of Horwath Mak, Auditors & Business Consultants

Globalisation and recent developments in technology coupled with growth in ecommerce has brought about unprecedented
expansions in logistics, giving companies a pivotal role to play in providing the link in the customer supply chain as volumes of online purchases increase.

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Making Money

You, too, can bring in the big bucks. Just ask Farook Al Zeer, Managing Director for Schenker in the UAE

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Farook Al Zeer, Managing Director, Schenker for Dubai and Abu Dhabi

Walk into the Mirdiff villa office of Farook Al Zeer, Managing Director for Schenker in Dubai and Abu Dhabi, and you will quickly understand you are not dealing with an average freight forwarder. The artwork on the walls looks pricey, the suit is certainly designer and the personality is definitely debonair. After a few minutes of conversation, this first impression will make sense, however, because you will understand that you are not dealing with merely a freight forwarder, but rather an investor.

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The Logistics of Laundering

In the world of money laundering, anonymity and a trusted supply chain remain essential

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With a reputation as a global hub for the gold, diamond and property trade, Dubai has historically held a reputation as a haven for illicit money laundering. Each year, with billions of dollars flowing in and out, it remains difficult to trace how and where such funds are ascertained. In trying to clean up its image, the Dubai government has recently introduced stricter measures to clamp down on the shadowy cash trade, but the task has proved formidable.

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Lightening the Load

Proposals for a series of truck stops in the UAE would be welcome for haulage drivers and serve as a focal point for logistics services

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As the weather starts to cool and UAE motorists start to dream up enjoyable daytrip itineraries, spare a thought for the thousands of truck drivers who, come winter or summer, drive through the heat for hours on end, are restricted in when and where they can drive, and have little in the way of amenities and services to help them off the roads.

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Money Matters

A perpetual topic of discussion, money seems to be weighing more and more on peoples’ minds lately. Is the pegging of many Middle Eastern currencies to the dollar going to signal doom?

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These days, in such fiscally turbulent times, the topic on everyone’s mind seems to be money. With the recent US$700 billion government bailout in the United States, many in the GCC have turned their attention towards the region’s monetary policies.

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RAS Al KHAIMAH Free Trade Zone Authority (RAKFTZ)

What incentives does RAKFTZ offer that most other free zones do not?

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RAKFTZ Business Park

RAK FTZ’s strategy in attracting customers is by providing higher value-added services, diversification of the product/property offering, intensive international promotions focusing on target audiences, availability of state-of-theart website and promotional tools and enhancement of marketing, investor servicing and project management skills.

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Gold Fever

From before the time of the ancient Egyptians till date, gold has remained a measure of value. Ever wondered, then, what the supply chain of this most precious metal is like?

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Did you know that the majority of the gold which is refined annually around the world is recycled material as opposed to newly mined material? In simple words, you probably possess something Nefertiti owned.

“Gold stays around forever,” says Corey Keller, General Manager, Al Ghurair Giga Gold Refinery. “It’s there on the periodic table along with silver, platinum and palladium. It’s not going anywhere as it’s always held value and people are careful to maintain it. It might get found at the bottom of a pyramid, but regardless of where it’s found, once it is, off it goes into the recycling chain,” he says. “If it was found once, it’s probably still in the market.”

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Man Power

The UAE is sucking up labour from around the world, and DULSCO is playing a pipeline role

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Surjeet Singh, General Manager, Logistics, HR Solutions, DULSCO

Is anyone tired of hearing about staffing shortages? Likely not Surjeet Singh, General Manager for the Logistics department of DULSCO’s Human Resource Solutions division. It is his job, after all, to supply manpower for short-staffed logistics operations, from Jebel Ali Port to DNATA at Dubai airport. And he is under a lot of pressure. “Most of the time we have more requirements than what we can supply,” he says.

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Round the World

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What
LOG.Middle East’s second round table
Who
Gillian Lewis, Logistics and Inventory Manager, ACE Hardware, Al Futtaim Group Wade Thompson, Regional Sales Director, Middle East, CEVA, Dr. Albert Tan, University of Wollongong Dubai, Kathryn Semcow, Editor, LOG.Middle East
Why
To answer the question, “How tight are our supply chains?: Where does our region stand?”
Where
Radisson Media City, .net Room
When
Wednesday, September 17, 2008

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Going for Broke

Money seems to be literally floating on the seas, and at the end of the day it’s all about how much profit you make. In today’s information age, communication between owners and brokers continues around the clock, and remains the catalyst for optimising profit. As cargo bookings, weather conditions and ETA’s are variable and everchanging, the shipping industry has become far more data driven and analyst dependant. Indeed, ship brokering has evolved massively from what it used to be

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Matthew Patton (Left), Chairman of Triton Lines, Alexander Hamalton (Right), a broker for Barry Rogliano Salles (BR S) Middle East

Sit down with any shipbroker and he’ll be quick to tell you, the market is changing. No longer are brokers perceived merely as middlemen facilitating ship acquisition for their clients. Rather, with daily variables such as rising fuel costs, hourly market fluctuations, futures contracts and other speculation- driven interests, their roles have become industry specific and far more real time data-driven.

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