Saudi King and Crown Prince Condole Kuwait
In a heartfelt gesture of solidarity, Saudi Arabia’s King Salman and Crown Prince Mohammed bin Salman expressed their deepest condolences to the Emir of Kuwait on Monday following the passing of Sheikh More »
Putin and Abbas Discuss Gaza Crisis
Russian President Vladimir Putin is set to meet with Palestinian President Mahmoud Abbas on Tuesday during Abbas’ visit to Russia. Arriving on Monday, Abbas aims to discuss the ongoing Gaza conflict with More »
Saudi Arabia Voices Strong Support for Gaza Peace Initiatives
Saudi Arabia has firmly aligned itself with the recent joint statement made by President Joe Biden of the United States, President Abdel Fattah El-Sisi of Egypt, and Sheikh Tamim bin Hamad Al-Thani, More »
Saudi Crown Prince, US Secretary of Defense discuss troop deployment
:: Saudi Arabia’s Crown Prince Mohammed bin Salman received a phone call on Wednesday from the US Secretary of Defense during which they discussed ongoing arrangements to send US troops of a More »
Saudi Energy Minister confirms restoration of Kingdom’s gas production capacity
:: Saudi Arabia’s Minister of Energy confirmed on Wednesday the restoration of production capacity, affirming the Kingdom’s position as a reliable energy supplier in the global market. The energy minister, Prince Abdulaziz More »
Tag Archives: AMAZON
Saudi crown prince named the ‘most powerful leader in Middle East’
:: With Saudi Arabia embarking on the ambitious NEOM project, recent reports highlighting discussions on creating a technology hub in the kingdom have turned the spotlight on Saudi crown prince Mohammed bin Salman’s growing stature in the Middle East. The
Amazon affiliate to buy 5% stake in Indian retailer Shoppers Stop
:: An affiliate of Amazon.com has agreed to buy a 1.79 billion-rupee ($27.6 million) stake in Indian retailer Shoppers Stop Ltd, the Indian company said in a filing. Amazon.com Investment Holdings, a foreign portfolio investor, will subscribe to about 4.4
EU plans rule change to increase taxes on online giants
:: European Union finance ministers are set to discuss rule changes next week aimed at increasing taxes on digital multinationals such as Google and Amazon, an EU document seen by Reuters said. Online giants are facing increasing pressure in Europe
New grounds broken by Microsoft and Amazon on AI voice wars
:: Amazon.com and Microsoft Corp have joined forces to let their voice-controlled virtual assistants talk to each other, offering users the ability to seamlessly tap into work, their homes and shop online. The partnership is the first time two technology
Dubai online retailer Souq.com says sale to Amazon completed
:: Dubai-based Souq.com, the Middle East’s biggest online retailer, says its sale to Amazon has been completed. Souq.com said on Monday that users now could log into their website using their Amazon account. A Souq.com statement said the firms now
Amazon shares rise above $1,000 for the first time
:: Shares of Amazon surged above $1,000 for the first time Tuesday, marking another milestone in the rise of the American online retail giant. Near 14:10 GMT, the company’s shares were selling at $997.97, up 0.2 percent after earlier getting
Amazon’s moves beyond retail get Wall Street thumbs up, for now
Amazon.com Inc’s ventures far beyond online retail, from cloud computing to movie making, are raising questions among corporate strategy experts about its focus. The Seattle-based company wowed Wall Street again this week with a 23 percent jump in sales, pushing
Google, Amazon eye Toshiba’s chip unit: Report
Google and Amazon joined a list of potential buyers eyeing Toshiba’s lucrative memory chip business as the Japanese conglomerate seeks bidders to cover huge losses, a newspaper said Saturday. Toshiba has reportedly completed the first round of bidding for its
Amazon to buy online retailer Souq.com
Amazon.com Inc. has agreed in principle to buy Dubai-based Internet retailer Souq.com, one of the best-known names in the Middle East’s online shopping market, sources familiar with the deal said on Wednesday. Souq.com, which sells consumer electronics, fashion, household items
Amazon cloud glitch disrupts sites
Usually people do not notice the “cloud” — unless, that is, it turns into a massive storm. Which was the case Tuesday when Amazon’s huge cloud-computing service suffered a major outage. Amazon Web Services suffered an unspecified breakdown in its
Amazon plans to open up to 400 bookstores
Amazon plans to open up to 400 physical bookstores, an executive of a major U.S. mall operator said on Tuesday. Amazon dipped its toe into the waters of brick-and-mortar stores with the opening of a bookstore in its home city
Amazon plans to export delivery lessons from India to cut costs abroad
E-commerce giant Amazon.com is taking lessons learnt from its daily battles with India’s choked roads and cramped cities to some of its largest developed markets, exporting a model of cheaper deliveries and reduced warehousing costs. Online shopping is booming in
Amazon poised to win big as India launches annual festive shopping spree
Amazon.com Inc. could emerge as the biggest winner from one of India’s most important festive — and shopping — seasons, after the e-tailer offered steep discounts, swift delivery and even gold bars to grab market share. The month-long festive season,
Amazon launches video services in Japan
US online giant Amazon said it was launching its streaming video service in Japan along with its Fire TV devices. “Prime members in Japan now have unlimited 24/7 streaming of thousands of US and Japanese movies, TV shows, anime, music
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