Saudis Cenomi Challenges Amazon Noon in Ecommerce Market

Saudis Cenomi Challenges Amazon Noon in Ecommerce Market

Saudi retail giant Cenomi Group is transforming into e-commerce, planning to launch the Cenomi platform to challenge the dominance of Amazon and Noon in the Saudi market. With an omnichannel strategy, an existing customer base, and a self-built logistics system, Cenomi is poised to gain a foothold in the rapidly growing Saudi e-commerce market. However, its success remains uncertain, facing numerous challenges and intensifying market competition.

01/06/2026 Logistics Industry Insights
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Morocco Becomes Key Hub for Chinese Battery Material Firms

Morocco Becomes Key Hub for Chinese Battery Material Firms

Morocco, with its advantageous geographical location, abundant phosphate resources, improving business environment, and deep cooperation with China under the Belt and Road Initiative, is becoming a crucial strategic hub for Chinese lithium battery material companies entering the European market. Companies like CNGR Advanced Material and Huayou Cobalt are investing in factories in Morocco. The booming e-commerce and digital payments further indicate a promising future for China-Morocco cooperation. This collaboration is poised for significant expansion and development in the years to come.

01/27/2026 Logistics Industry Insights
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Biden Weighs Easing China Tariffs to Curb Inflation

Biden Weighs Easing China Tariffs to Curb Inflation

The Biden administration is considering lifting Trump-era tariffs on China, potentially to ease inflation and repair US-China relations. Removing tariffs could lower the cost of Chinese imports, boost the competitiveness of American businesses, and create a more favorable environment for cooperation in other areas. However, the final outcome remains uncertain, and the future of US-China trade relations is still evolving.

01/19/2026 Customs Knowledge
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Saudi Startup Nana Secures 133M for Dark Store Expansion

Saudi Startup Nana Secures 133M for Dark Store Expansion

Saudi grocery delivery platform Nana raised $133 million in Series C funding, setting a new record for Saudi startups. Nana utilizes a 'dark store' model, leveraging a network of micro-fulfillment centers to deliver daily groceries within 15 minutes. This funding will accelerate Nana's expansion and solidify its leadership in the Saudi digital shopping landscape. The company aims to further optimize its operations and expand its reach across the Kingdom, capitalizing on the growing demand for online grocery services.

01/05/2026 Logistics
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Saudi Customs Adopts WCO Data Model to Boost Digitalization

Saudi Customs Adopts WCO Data Model to Boost Digitalization

The World Customs Organization (WCO) provides crucial support for the modernization of Saudi Customs, facilitating a more efficient and intelligent trade ecosystem through IT diagnostics and WCO Data Model workshops. Saudi Customs is actively pursuing digital transformation initiatives, including the "Fasah" Single Window, "Nebras" system upgrades, and NII equipment integration. The WCO Data Model will assist Saudi Customs in achieving seamless connectivity with international trading partners, streamlining processes and enhancing data exchange for improved trade facilitation and security.

01/05/2026 Customs Knowledge
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Saudi National Bank Adopts SWIFTBIC Codes for Global Transactions

Saudi National Bank Adopts SWIFTBIC Codes for Global Transactions

This article explores the SWIFT/BIC code NCBKSAJE613 of THE SAUDI NATIONAL BANK, highlighting its importance in international remittances. It provides the bank's headquarters address and explains why using this code correctly is crucial for ensuring the safety of funds. The information is applicable for both individuals and businesses engaging in cross-border transactions, offering practical remittance guidelines.

08/22/2025 International Settlement
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