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Noon.com To Raise $2 Bn, Expand Across the Middle East

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Noon.com To Raise $2 Bn, Expand Across the Middle East

Amazon.com’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 eCommerce market. The investments from the Public Investment Fund and others will be used to […]

Staff Writer

October 10, 2021

Emaar's Alabbar To Head UAE's First Digital Bank

News

Emaar's Alabbar To Head UAE's First Digital Bank

The UAE will soon get its first full-scale digital bank, Zand, that will offer both retail and corporate banking services. Mohamed Alabbar, the founder and former chairman of Emaar Properties will head Zand. “The UAE combines progressive regulations with commercial, financial, and technology hubs. This provides the perfect environment for a world-leading digital bank that […]

Staff Writer

April 13, 2021

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