Noon, the e-commerce venture of Dubai businessman Mohamed Alabbar partly funded by Saudi Arabia’s Public Investment Fund, has reportedly laid off dozens of employees in Dubai amid delays to launching the business.
Transformation Talk | Weekly news round-up 18.5.17
Transformation Talk gives you a weekly roundup of the biggest news in the technology industry.
Mohamed Alabbar strengthens online reach with with Yoox Net-a-Porter deal
Online luxury retailer Yoox Net-a-Porter Group has announced a joint venture with Symphony Investments, an entity controlled by Mohamed Alabbar, to create the Middle East’s “undisputed leader in online luxury retail.”
Noon set to launch in the UAE and KSA
With an initial investment of $1 billion, Noon will launch in the UAE and KSA markets and will soon cover the entire Middle East region rapidly.
$1 billion e-commerce platform set to launch in the UAE and KSA
With an initial investment of $1 billion, Noon will launch in the UAE and KSA markets and will soon cover the entire Middle East region rapidly.