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Aramex profits slide 15% amid high operating costs
The logistics provider added fulfillment centers to meet freight demand
Global logistics provider Aramex opened new fulfillment centers and branches in Egypt, Iraq, Morocco and Saudi Arabia this year following a 22% year-over-year jump in revenue in 2021 in its freight-forwarding business. Dubai, United Arab Emirates-based Aramex posted a net profit of AED 226 million (U.S. $61.5 million) in 2021, a 15% YoY decrease, while […]
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