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: E-COMMERCE
UAE retailer MAF trawls Silicon Valley for data specialists
:: Dubai’s Majid Al Futtaim, the Middle East operator of French retailer Carrefour SA, is hiring 200 people as it rolls out an ambitious strategy to expand its digital and e-commerce operations, its chief executive told Reuters. Majid Al Futtaim,
Alshaya acquires stake in Noon, the region’s new e-commerce platform
:: Leading international retail franchise operator M.H. Alshaya Co. has acquired a strategic stake in Noon, the region’s new e-commerce platform. As new investors in Noon, Alshaya joins forces with other prominent Gulf investors. Additionally, Alshaya will become a seller
Amazon scouts for second headquarters with $5 bln price tag
:: Amazon.com Inc said on Thursday it was searching for a location to build its second headquarters in North America that would cost more than $5 billion and house up to 50,000 staff. The e-commerce company, which is headquartered in
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
Emaar Malls is latest bidder for regional e-commerce giant Souq.com
The buzz around Souq.com, the Dubai-based e-commerce platform, got more exciting with Al Arabiya reporting that Emaar Malls has made an offer worth $800 million to buy the site. Emaar Malls is headed by chairman Mohamed Alabbar, who is also
E-commerce transactions in Saudi Arabia touch $600m mark
The volume of e-commerce transactions in the Saudi market amounted to around SR2.25 billion ($600 million) in 2016, according to Abdulrahman Al-Qahtani, secretary-general of the Consumer Protection Society (CPS). Al-Qahtani said it is necessary to protect consumers who engage in
E-commerce creates more opportunities for Saudi women
Many economists stress the importance of electronic markets in Saudi Arabia, their financial mega-returns and the availability of jobs for young businesswomen. A number of economists and businesswomen believe these markets still need organization and codification of their work. They
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,
E-commerce giant Alibaba reports record $9bn Singles’ Day sales
HANGZHOU, China: E-commerce giant Alibaba Group Holding Ltd. reported more than $9 billion in sales on China’s Singles’ Day on Tuesday, illustrating the buying power of the Chinese consumer and the importance of the event in the retail calendar. Real-time
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