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FINANCIAL NEWS
Dubai, KSA to set up USD1bn e-commerce site
14 Nov 2016
(MENAFN) Dubai proclaimed that it will launch USD1bn regional e-commerce site in a mutual venture with the Saudi sovereign wealth fund and other Gulf investors.
Additionally, Noon.com will go online in Jan with 50 percent investment from the kingdom’s Public Investment Fund and the rest from almost 60 investors led by Alabbar.
Moreover, with a basic inventory of 20mn products, the online retailer plans to expand to Egypt, the Arab world”s most populous state, at the end of 2017 or early in 2018.
Meanwhile, products will involve fashion, books, home and garden, elects, sports and outdoor, health and beauty, personal care, toys, children”s and baby products.
More News
17 Sep 2025
BBK and CrediMax launch exclusive offers for customers in collaboration with The Ritz-Carlton, Bahrain
31 Aug 2025
BBK announces an exceptional 6-month grace period financing campaign for Personal and Car Finance customers
13 Aug 2025
BBK’s BD 5,000,000 Al Hayrat scheme awards BD 680,000 to 390 Al Hayrat winners in August and September
04 Aug 2025
HM the King’s Support for Youth is an Inspirational Model for Their Empowerment Journey
28 Jul 2025
BBK discloses its financial results for the half year ended 30th June 2025
20 Jul 2025
CBB approves the transfer of the retail banking operations of HSBC Bank Middle East, Bahrain Branch to BBK
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