FinTech
Sovereign wealth
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Alabbar, Saudi Sovereign Wealth Fund Launch E-Commerce Firm Noon
Emirati businessman Mohamed Alabbar on Sunday launched an e-commerce business with Saudi Arabia’s sovereign wealth fund at an initial investment of $1 billion, as he seeks to tap the Middle East’s small but growing online sales market. The new venture called “Noon” will offer 20 million products ranging from fashion…
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Click here to read the full story: The Wall Street Journal