×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: ML | Emirates | Noon

Retailer Noon.com Opens in UAE after Delays, Amazon's Entry

Sunday, 01 October 2017 07:38 AM EDT

DUBAI, United Arab Emirates (AP) — 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.

The website went live without fanfare late Saturday night. It's led by Mohamed Alabbar, the CEO of the state-backed real estate developer Emaar.

The company issued a statement quoting Alabbar as saying the website's launch was an "important first step in our journey." The company made no one available to speak to journalists Sunday.

Its launch comes after Seattle-based Amazon purchased the Middle East's biggest online retailer Souq.com in March. Emaar made an unsuccessful $800 million bid for Souq.com just before Amazon bought it.

Noon.com was to launch in January. The company offered no explanation for the delay.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


MiddleEast
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.The website went live without fanfare late Saturday night. It's led by Mohamed Alabbar, the CEO of...
ML,Emirates,Noon
131
2017-38-01
Sunday, 01 October 2017 07:38 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved