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Jefferies Receives Licence to Operate its Middle East Business from DIFC

Jefferies Receives Licence to Operate its Middle East Business from DIFC
difc.ae - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from difc.ae Daily Mail and Mail on Sunday newspapers.

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Amazon Rival Noon to Draw $2 Billion From PIF, Other Backers

Amazon Rival Noon to Draw $2 Billion From PIF, Other Backers
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Saudi arabiaUnited arab emiratesMohamed alabbarPublic investment fundInc middle easternEmaar propertiesCareem to uber technologies incMiddle easternMiddle eastUber technologies

Amazon rival Noon to raise US$2bil from backers including PIF

Middle Eastern e-commerce company Noon.com is raising RM8.35bil in financing, as it tries to expand in the region, which is conservative about online shopping.

Saudi arabiaUnited arab emiratesMohamed alabbarPublic investment fundInc middle easternEmaar propertiesCareem to uber technologies incMiddle easternMiddle eastUber technologiesE commerce

Amazon Rival Noon to Raise $2 Billion From Backers Including PIF

(Bloomberg) Amazon.com Inc’s Middle Eastern rival Noon.com is set to draw as much as $2 billion in financing from investors including Saudi Arabia’s sovereign wealth fund over three to four years, as it seeks to capture a larger slice of the Gulf e-commerce market.

Saudi arabiaUnited arab emiratesMohamed alabbarPublic investment fundInc middle easternEmaar propertiesCareem to uber technologies incMiddle easternMiddle eastUber technologies

Dubai Cloud Kitchen Startup Plots Saudi Arabia Growth

Dubai Cloud Kitchen Startup Plots Saudi, Southeast Asia Push Bloomberg 2/9/2021 Matthew Martin (Bloomberg) Dubai-based Kitopi, a technology startup which runs so-called cloud-kitchens, is set to raise more money from investors later this year as it plans to expand in Saudi Arabia and launch in Southeast Asia. Popular Searches The company, whose kitchens handle delivery orders for multiple food brands, is due to become profitable “this year, sometime very soon,” founder and Chief Executive Officer Mohamad Ballout said in an interview. After opening in the east and west coasts of Saudi Arabia, as well as in Qatar and Bahrain, Kitopi will launch in several cities across Southeast Asia later this year, he said.

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