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.
Former Binance chief guilty of money laundering
Emirates attracts pilots with higher salaries, new perks
Spinneys increases IPO retail offering due to high demand
IMF $1.1 billion tranche to help Pakistan's economic stability, says PM Sharif
UAE, Ukraine conclude terms of trade pact
