noon to trigger web shopping price war in gulf
Friday 25 July 2025
Last Updated : GMT 09:40:38
Themuslimchronicle, themuslimchronicle

Noon to trigger web shopping price war in Gulf

Themuslimchronicle, themuslimchronicle

Themuslimchronicle, themuslimchronicleNoon to trigger web shopping price war in Gulf

The site started working at the weekend and the app is scheduled to launch in days
Dubai - Muslimchronicle

Days after Amazon announced the launch of its first Middle East centers, online retailer Noon.com has gone live in the UAE, boosting a rapidly nascent e-commerce sector in the Gulf.
The site started working at the weekend and the app is scheduled to launch in days, its backer Dubai-based real estate giant Emaar Properties said in a statement.
Analysts said the arrival of Noon.com is expected to trigger a price war in the developing regional e-commerce market and will likely alter how shopping is done in the consumerist culture of the Gulf.
“It is important for us to shape a digital marketplace that is relevant to our local markets and serves as a growth platform for brick-and-mortar retailers,” said the project’s founder, Emaar chief Mohammed Alabbar.
Investors of the $1 billion project include Saudi Arabia’s Public Investment Fund and leading Kuwaiti retail business group M.H. Al-Shaya Co.
Described by Emaar as an “Arabic-first e-commerce platform,” Noon.com will offer a range of clothing, home goods, and grocery staples.
It is also expected to start delivering to Saudi Arabia within the next few weeks.
The news comes just six months after Emaar offered $800 million to acquire rival retailer Souq.com but lost to international giant Amazon, which acquired the region’s biggest online retailer for $650 million.
On Sept. 25, Amazon Web Services announced a deal with the government of Bahrain to open its first Middle East data centers in the Gulf, expected to be ready by 2019.
Combined with the interest of Amazon and its subsidiaries in regional e-commerce, Noon.com and Souq.com are expected to intensify competition in what consultancy McKinsey has called an untapped e-commerce market.
E-commerce competition “will help change the culture of shopping in the region in the long-term,” said the CEO of Dubai-based Old Town Advisers consultancy.
“I don’t think the (e-commerce) market is saturated to such a point” that there is no place for newcomers, Faraz Mehmood told AFP. “There is still room for more.”
Smaller players in the online shopping market may, however, find it difficult to compete, Mehmood said.

Source:Arabnews

 

themuslimchronicle
themuslimchronicle

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

noon to trigger web shopping price war in gulf noon to trigger web shopping price war in gulf

 



Themuslimchronicle, themuslimchronicle

GMT 14:26 2012 Wednesday ,15 February

Raja Hassan Khalifa: Sudanese women key to growth

GMT 08:26 2018 Tuesday ,23 January

Five things to know about Davos

GMT 10:07 2017 Wednesday ,01 November

Yergin: ‘Saudi Arabia is on the cusp of history’

GMT 11:08 2017 Wednesday ,29 March

Sweden in suspense over Bob Dylan's Nobel lecture

GMT 11:24 2017 Monday ,11 December

Saad Eddine El Othmani Elected New Leader of the PJD

GMT 02:46 2012 Wednesday ,05 September

Fruits for your skin and hair

GMT 06:23 2016 Saturday ,23 April

China hopes to reach Mars in 2021

GMT 09:14 2012 Tuesday ,15 May

Sony Radio Academy awards winners

GMT 19:20 2012 Wednesday ,12 September

Travel in luxurious style with Ferragamo

GMT 17:40 2016 Wednesday ,16 November

Eurozone chief rules out 'impossible' UK Brexit demands

GMT 17:18 2016 Wednesday ,23 March

Leadership Development a Prime Focus

GMT 13:12 2016 Tuesday ,17 May

From legendary boxer Duran in Cannes

GMT 11:17 2016 Thursday ,08 December

New golf Asian Tour CEO praises Europe deal

GMT 20:51 2017 Tuesday ,28 March

Mauritanian president leaves for Amman

GMT 09:26 2015 Tuesday ,22 September

New branch for Sinai University inaugurated

GMT 13:14 2012 Saturday ,21 January

Grant him immunity
Themuslimchronicle, themuslimchronicle
Themuslimchronicle, themuslimchronicle
 
 Themuslimchronicle Facebook,themuslimchronicle facebook  Themuslimchronicle Twitter,themuslimchronicle twitter Themuslimchronicle Rss,themuslimchronicle rss  Themuslimchronicle Youtube,themuslimchronicle youtube  Themuslimchronicle Youtube,themuslimchronicle youtube

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©

muslimchronicle muslimchronicle muslimchronicle muslimchronicle
themuslimchronicle themuslimchronicle themuslimchronicle
themuslimchronicle
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
themuslimchronicle, themuslimchronicle, themuslimchronicle