by Asharq Al-Awsat | May 17, 2017 | Business
Dubai- Dubai businessman Mohamed Alabbar has confirmed that the e-commerce site Noon “is on track to launch this year.” He said in a statement that “all the feedback we received from our early customers has allowed us to test and refine our technology and fulfillment...
by Khaldoun Ghassan Said | Mar 24, 2017 | Business
Jeddah – Negotiations had ended for Amazon to buy Souq.com in a deal worth more than $650 million that will shake up Middle East’s electronic trade by taking 78% of the regional sale. Middle Eastern online retailer Souq.com had been valued at $1 billion in its last...
by Musaid Al-Zayani | Nov 14, 2016 | Business
Dubai – The largest e-commerce platform in the Arab region will be launched in January, in a joint venture between Saudi Arabia’s General Investment Authority and a group of Gulf investors. Emaar Properties Chairman Mohamed Alabbar announced on Sunday the launch of a...
by Ali Al-Qattan | Aug 26, 2014 | Business
Dammam, Asharq Al-Awsat—A number of Saudi ministries and official bodies are cooperating to produce new legislation to regulate e-commerce activities in the Kingdom, following a growth in online fraud and money laundering. An official within the Ministry of Commerce...
by Ashwaq Bandar | Jun 14, 2013 | Business
Riyadh, Asharq Al-Awsat—Saudi Arabia’s e-commerce market is expected to witness steady growth over the next two years, culminating in a market share of SAR 50 billion (USD 13 billion). Compared to neighboring countries, Saudi e-commerce is considered to be a...
