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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
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
08 Jul 2025
BBK proudly launches the third edition of “Grow” and welcomes 20 Bahraini graduates
03 Jul 2025
BBK hosts executive leadership session on digital assets in collaboration with Rain
02 Jul 2025
BBK launches the largest-ever Al Hayrat Prizes, offering BD 5 million to over 2,000 winners
16 Jun 2025
BBK and CrediMax Offer Exclusive 20% Discount on Turkish Airlines Flights for Cardholders
25 May 2025
BBK strengthens commitment to sports development through strategic partnership with Bahrain Basketball Association
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