Retailer Noon.com opens in UAE after delays, Amazon’s entry - News Summed Up

Retailer Noon.com opens in UAE after delays, Amazon’s entry


In this Jan. 4, 2010 file photo, Mohammed Alabbar speaks to journalists in Dubai, United Arab Emirates. The online retailer Noon.com has launched in the United Arab Emirates after months of delays, more than $1 billion in pledged investments and Amazon’s entry into the market. It’s led by Alabbar, the CEO of the state-backed real estate developer Emaar. (Kamran Jebreili, File/Associated Press)DUBAI, United Arab Emirates — The online retailer Noon.com has launched in the United Arab Emirates after months of delays, more than $1 billion in pledged investments and Amazon’s entry into the market. Amazon purchased the Middle East’s biggest online retailer, the Dubai-based Souq.com, in March for $586 million, according to a June financial disclosure by the retailer.


Source: Washington Post October 01, 2017 11:03 UTC



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