ARN News Centre

Online shop Souq.com to open grocery store

Tuesday, 15 November 2016 10:25

Dubai-based online shopping company Souq.com is moving into the grocery business. Its new hypermarket - Souq superstore - will sell popular food brands, as well as organic and international foods. The move comes a day after the announcement of a multi-billion dirham online shopping platform - noon.com. Noon will not offer groceries at its launch in January, but they will come shortly after, said its CEO Fodhil Bent-urquia. A recent Morgan Stanley Research study showed that up to 34 per cent of online shoppers are expected to buy groceries online this year versus 21 per cent in 2015.

More from Business

UAE, Montenegro to develop renewable projects under new partnership

Abu Dhabi's Masdar and Montenegro's national power utility Elektroprivreda Crne Gore have partnered to explore ways to develop large-scale renewable energy projects in the Balkan country.
UAE joins US-led Pax Silica initiative to bolster technology supply chain

The UAE has joined the US-led Pax Silica initiative that seeks to secure the AI and semiconductor supply chain, following the signing of a declaration at the Zayed National Museum in Abu Dhabi on Wednesday.
H.H. Sheikh Hamdan hails Dubai Chamber of Commerce growth milestone

Dubai’s economic momentum continues to surge, with the Dubai Chamber of Commerce announcing strong growth figures for 2025.
Netflix prepares all-cash offer for Warner Bros, source says

Netflix is preparing to make an all-cash offer for Warner Bros Discovery's studios and streaming businesses, a source familiar with the matter told Reuters on Tuesday.
UAE, Nigeria sign comprehensive economic partnership agreement

The UAE and Nigeria have signed a Comprehensive Economic Partnership Agreement (CEPA), marking a major step forward in trade and investment relations between the two countries.