Aramex overcomes low oil prices, posts profits up ten percent

Hussein Hachem, CEO of Aramex
Hussein Hachem, CEO of Aramex

Dubai-based Aramex posted revenues of AED 930 million ($340 million) and profits of AED 86.6 million ($31.7 million) for the first quarter of 2015, ended March 31.

That's up ten percent and nine percent, respectively, over the first quarter of 2014.

"Although we witnessed slower growth at the beginning of the quarter we finished Q1 strongly," said Hussein Hachem, CEO of Aramex.

Hachem said he believes the strong U.S. dollar will present Aramex with acquisition opportunities, emphasizing the company's commitment to expanding its technology investment.