Middle Easts Noon Cuts Jobs Amid Ecommerce Slowdown

Middle Easts Noon Cuts Jobs Amid Ecommerce Slowdown

Middle Eastern e-commerce giant Noon has announced a 10% workforce reduction, primarily affecting its marketing and advertising departments. Founder Alabbar stated that this move aims to reduce costs and improve efficiency. Despite previously securing $2 billion in funding, Noon's improved profit margins mean this capital is currently not needed. This layoff is part of a broader trend of cost-cutting measures among global tech companies and may signal a strategic shift for Noon.

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.

Uaes Noon Invests in Mega Logistics Hub to Boost Ecommerce

Uaes Noon Invests in Mega Logistics Hub to Boost Ecommerce

Noon is building the UAE's largest logistics center in Abu Dhabi, spanning 252,000 square meters, expected to open in 2024 and create 6,000 jobs. This aims to improve delivery speed and accelerate the development of e-commerce infrastructure in the Middle East. Despite inflation, the UAE e-commerce market remains strong, with sales projected to reach $9.2 billion in 2026. This move by Noon could help it become a dominant player in the Middle Eastern e-commerce landscape.