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Amazon eyes 40,000 online sellers in Saudi Arabia by 2025

RIYADH: Amazon has launched a new fulfillment center in Riyadh doubling its total storage capacity in Saudi Arabia and increasing selling opportunities for small and medium-sized businesses. The facility, which spans 390,000 sq. feet across five floors, with 2.7 million cubic feet capacity can store more than 9 million products, according to a statement . The opening of the
Saudi Arabia Ar Riya Prashant Saran Abdo Chlala Suliman Al Mazroua National Industrial Development

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Suez Canal Economic Zone Signs $487 Mln in Investment Accords with Chinese Companies

Egypt's Suez Canal economic zone said on Friday that it signed investment agreements worth $487 million with Chinese companies. The investments are in the fields of energy, textiles, and petrochemicals, according to the statement from the General Authority for Suez Canal Economic Zone.
Abu Dhabi Abuz Aby United Arab Emirates Khaled Al Zaabi Logistics Services Abu Dhabi National Oil Co
Source: aawsat.com

ADNOC announces the final offer price and order of record for the IPO of ADNOC Logistics and Services PJSC

Abu Dhabi National Oil Company (ADNOC) PJSC (“ADNOC” or the “Selling Shareholder”), today announces the final offer price (the “Final Offer Price”) for the shares offered by it in connection with the initial public offering (the “IPO” or “Offering”) and l
Abu Dhabi Commercial Bank United Arab Emirates Abu Dhabi Abuz Aby Khaled Al Zaabi Al Maryah Community Bank

Turkish Lira Nears Record Low of 20 vs Dollar Ahead of Election Runoff

The Turkish lira weakened to a record low just off 20 against the dollar on Friday ahead of this weekend's presidential election runoff which will decide whether President Tayyip Erdogan extends his rule into a third decade. At 0413 GMT, the lira stood at 19.9845 against the dollar, off a record low of 19.9950 in early trade, Reuters reported. Türkiye's sovereign dollar bonds and equities have plunged, while the cost of insuring exposure to Turkish debt has spiked since the first roun...
Abu Dhabi Abuz Aby United Arab Emirates Khaled Al Zaabi Abu Dhabi National Oil Co Logistics Services
Source: aawsat.com

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