The Amazon founder Jeff Bezos’ net worth broke $150 billion on Monday morning, according to the Bloomberg Billionaires Index, making him the “richest man in modern history.”
Dubai’s Noon to take on Amazon, mulls online grocery business
UAE-based online shopping platform Noon aims to enter the online groceries business in the next six months, said the company’s founder Mohamed Alabbar said in a recent interview with CNN.
Digital-focused CEO to take the reins at Emaar Malls
Patrick Bousquet-Chavanne, who left Marks & Spencer in May following a business restructure, has been appointed chief executive at Dubai-based Emaar Malls.
VAT refund system for tourists on track: UAE tax authority
The Cabinet Decision to implement a system that returns Value Added Tax (VAT) to tourists will cement the UAE’s status as a premier global tourist destination, asserted the Federal Tax Authority (FTA).
Middle East’s Noon cashes in on China’s booming e-commerce market
noon, the Middle East’s homegrown digital marketplace, has announced the launch of two entities in China, one on the mainland and the other in Hong Kong, kick starting noon’s Asia operations.
Sharjah issues resolution to regulate e-commerce activities
The Sharjah Executive Council has recently issued a mandate that only allows SEC licenced organisations to engage in e-commerce activities in the emirate.
Blackberry KEY2 smartphone arrives in the Middle East
The all-new BlackBerry KEY2 is now available across a choice of leading retailers in the UAE and will be available in Saudi Arabia later this month.
Dubai’s Careem to enter food business with $150M fund raising round
Middle East ride-hailing app Careem is reportedly in talks to raise as much as $150 million from existing investors to launch its food delivery business as early as September.
PRO TECHnology brings Humanscale products to Dubai
Humanscale, a global designer and manufacturer of ergonomic products has signed an exclusive partnership agreement with Dubai’s leading supplier, PRO TECHnology
Alibaba acquires stake in Turkish e-commerce site
As part of their partnership, the companies will cooperate to help Trendyol, which has over 16 million customers, accelerate its growth