Noon, the Mohamed Alabbar and Saudi Arabia’s sovereign fund Public Investment Fund (PIF) e-commerce venture appoints Faraz Khalid as chief executive officer (CEO).
Khalid joins from Middle East online fashion retailer Namshi, which he co-founded and where he served as managing director. Noon’s previous CEO Fodhil Benturqui quit in May.
Emaar Malls purchased a 51% stake in Namshi also in May for $151 million from Global Fashion Group (GFG), a start-up set up by Rocket Internet.
The region’s e-commerce market is forecast to grow to $20 billion by 2020, according to an A.T. Kearney report published in 2016.
In March, Amazon.com bought Middle Eastern online retailer Souq.com in a deal described by adviser Goldman Sachs as “the biggest-ever technology M&A transaction in the Arab world”.
Watsons to open 20 new stores in the GCC
In 2020, global health & beauty retailer AS Watson Group signed its
April 29, 2024 | By Rupkatha BMarchon Eyewear’s ZEISS wins 2024 Red Dot “Best of the Best” Awards for VisionClip
Revolutionising retail: How RetailGPT is shaping the future of shopping malls
Times Square Center: Building community through more than retail
/ 
What does it take to sustain profitable growth in the post-IPO phase?
Mahalle began its operations in 2022 as an “Authentic Turkish Grocery in
“Retail is a people’s business. When building a retail brand or the
From being one of the first retailers in Dubai to ban single-use
For starters, Rabbit is a growing e-commerce grocery platform in Egypt always
In 2024 grocery retail major Choithrams has achieved several milestones underscoring its
Industry pioneers are embracing a comprehensive strategy that integrates consumer insights, digital
The regional grocery retail market is evolving fast keeping pace with constantly
From ethical and local sourcing to adopting cutting-edge technologies to curb food
The regional grocery retail market is becoming more and more diverse, offering
/ 
In what comes as a significant announcement, Middle East based eyewear majors
Emirati Gen Z women are seeking collaborative, culturally diverse and creatively enriching
GMG’s Everyday Goods – Retail division celebrates expansion milestone hitting 60 stores
Among several others, three key factors have fuelled the growth of homegrown
Empowering women, transforming communities: The rise of female-led businesses in Times Square Center
In its central Dubai location, Times Square Center stands not just as
One of UAE’s leading fresh food retailers, Spinneys has announced its intention
Acting as a bridge between Brazil and GCC markets offering a compelling
Commonly cited statistics indicate that around 20% of new businesses fail during
Louis Philippe, renowned for its premium merchandise spanning apparel, footwear and accessories,
Previous Article
