Emirates Post has signed two separateagreements with Yemen and Egypt.Abdulla Al Daboos, director general ofEmirates Post, signed memorandumsof understanding (MoU) with MohammedAli Morgham, director generalof Post Authority of Yemen, and AlaaFahmi, chairman of Egyptian NationalPost Authority.
Under the agreement with Yemen,Emirates Post and Yemen will worktogether to enhance postal services betweenthe two countries, start a moneytransfer service, and put together amarketing and promotions plan.
In addition, Emirates Post will offerYemen expertise of its indigenouslydeveloped Point of Sale (POS) systemfor linking post offices through a centralisedcomputerised system.
The agreement also covers use ofeach other’s mail hub facility, withYemen using Dubai as a re-routing point and Dubai using Yemen’s hub toreach African countries.
The MoU with the Egyptian NationalPost Authority also envisages increasedco-operation in post-related fields,with a focus on the new InternationalFinancial System (IFS) application.
Egyptian Post is to start a two-monthtrial phase of the project, and a fullfledgedagreement is expected to bein place within two months.
The Internat ional FinancialSystem application (IFS) is a softwareapplication that was developed bythe Postal Technology Centre toaddress problems often encounteredwith traditional money order services.
International Financial System(IFS) uses electronic data interchange(EDI) to send money order dataelectronically, using sophisticateddata encryption techniques to ensurethe integrity of the data.