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U N I T E D A R A B E M I R AT E S Y E A R B O O K 2 0 0 8

Thuraya has continued to make strides by expanding commercial operations in core markets, particularly the huge untapped African market.

Africa and some other markets. Thuraya 3 will bring countries of the Asia-Pacific region under Thuraya's footprint and extend its coverage to nearly two-thirds of the globe's population.

Thuraya has continued to make strides by expanding commercial operations in core markets, particularly the huge untapped African region. Additionally, the company reinforced its distribution network by signing service provider agreements in countries such as Kuwait, Turkey, Egypt, Sri Lanka, Pakistan and the Netherlands, and broadened its delivery channels with several new international satellite service distributors.

Starting an aggressive marketing campaign in the Asia–Pacific region ahead of launching the third satellite, Thuraya Maritime was launched in August 2007 and Thuraya IP at the end of 2007. The former is a second-generation communications technology package, to be used widely by fishing boats in China and by leisure boats owned by other subscribers, while the latter is a USB (universal serial bus) connector data terminal with a speed of 444 kbps (kilobit per second). Thuraya hopes to double its current subscribers of 250,000 within a three-year period after the launch of its third satellite.

EMIRATES POST

Emirates Postal Corporation (EPC) was formed in 2001 following restructuring of the UAE General Postal Authority. Since then a major change in the corporation’s business model and operational strategies, including the introduction of integrated IT systems, automated sorting centres and agreements with international postal authorities, as well as the addition of new business streams in logistics, financial services, direct marketing, mail fulfilment and other areas, has resulted in a remarkable turnaround in the companies fortunes.

Emirates Post recorded a net profit of Dh161 million (US$43.87 million) for the year 2006, an increase of 19 per cent over the previous year. During this period, the postal network expanded by 4 per cent to 83 branches. Overall, mail rose by 16 per cent, and the parcel segment increased by 15 per cent. The number of

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