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Welcome again to your e-commerce weekly wrap-up!
This week was filled with events and events related to e-commerce and entrepreneurship in the MENA region.
Brands that expanded and strengthened their services and operations in new regions and markets, entrepreneurs, and emerging projects that got investments from various funding rounds.
During this weekly report on the ExpandCart blog, we’ve rounded up the most prominent e-commerce news and updates for you. Get to know her now!
More Lands to Explore: “Talabat Jordan” Extends Its Services Throughout the Kingdom
Talabat Jordan, the leading platform for food delivery, groceries, and commerce in the Middle East, has announced the expansion of its services and operations to include all governorates across the Kingdom.
Through this expansion, “Talabat” seeks to enable all its customers throughout Jordan to order various meals, groceries, and other products through its application, with great speed and ease.
In addition, it seeks to raise the level of its operations in all locations in the 12 governorates in Jordan, by including new sellers in its network of partners, and hiring new delivery representatives, thus enhancing the customer experience in general.
For more details about the expansion, you can visit the following link
Smart Money: “Joi Gifts” Raises $2.5 Million in Funding
Joi Gifts, the popular online gifting platform, has raised $2.5 million in Series A funding led by investors in Dubai and Saudi Arabia.
The funding round was led by Knuru Capital, which specializes in financial technology and consumer markets in Dubai. It was joined by several investors led by MENA Moonshots, and the entrepreneur Wa’ed, the entrepreneurship arm of Saudi Aramco.
“Joi Gifts” is a product of Enhance Ventures, a venture capital firm specializing in building online marketplaces across the Middle East, North Africa, Pakistan, and Turkey. And it had announced, earlier this year, its expansion in the eighth country, stressing that it had succeeded in increasing its sales by five times.
Bang-up Job: Amazon Announces 1,500 New Jobs in the UAE
Amazon, the giant American e-commerce company, revealed its intention to provide 1,500 direct and indirect jobs across the UAE this year, in conjunction with the expansion of its services and presence in the country.
The company attributed its need for new employees to its plan to expand its fulfillment center storage capacity by 60%, which in turn creates additional jobs due to the need for vendors and delivery partners.
Amazon is now adding four new delivery stations that will increase its total area by 70%, speed up the handling of deliveries and increase its reach.
For more details check the following link
Dubai CommerCity: An Official Sponsor of the World Expo Seamless Middle East
Dubai CommerCity, the Middle East’s first and leading e-commerce free zone, has taken over the sponsorship rights to the global exhibition Seamless Middle East.
The “Seamless Middle East” is an international conference or exhibition that brings together the leaders and pioneers of the e-commerce, retail, and financial technology industries around the world.
This step comes within the framework of the free zone’s mission to support the growth of the e-commerce industry in the United Arab Emirates and the Middle East, and its quest to consolidate Dubai’s position as a global center for e-commerce.
During the exhibition, Dubai CommerCity will give keynote presentations and participate in several panel discussions covering topics and trends involved in shaping the future of the e-commerce industry. Mentioning some of the most crucial of them:
- Building a profitable online business.
- Digital commerce transformation.
- Cross-border opportunities.
- Enabling e-commerce in the Middle East, Africa, and South Asia region.
Requiring Content Creators and E-Commerce Businesses to Register for Taxes
The head of the Egyptian Tax Authority, Reda Abdel Qader, announced that all digital content creators – bloggers and vloggers – in Egypt are required to register for income tax, as well as value-added tax (VAT).
Abdelkader identified the categories that are obligated to register, which are all content creators whose revenues exceeded 500,000 pounds annually since their first appearance on the Internet.
The head of the Egyptian Tax Authority called on those working in the field of e-commerce, who use social media to sell products or services, to take the initiative to quickly register for income tax and value-added tax – if their revenues reach 500 thousand pounds annually – in accordance with the law.
He identified 3 types of e-commerce companies, which are:
- Companies that use e-commerce as one of the different means of sale or distribution.
- Companies that rely primarily on electronic means to sell and distribute their products and services.
- Companies that use digital platforms to promote other companies’ products to customers.
➡️ This was the most prominent e-commerce and entrepreneurship news in the Middle East during the 38th week of this year.
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