E-commerce business in the UAE jumped by 20 per cent since February this year, as most consumers maintained work from home and study from home to ensure public safety, according to a report.
Trolley General Trading, a leading convenience-led grocery retailer based in Kuwait City has begun trading on Boursa Kuwait’s Premier Market, raising gross proceeds of KD59.5 million ($195 million). Based on the final offer price, its market capitalisation now stands at KD170 million ($552.6 million).
Talabat Holding, a major online food and grocery delivery company in Mena region, has reported solid growth for FY 2025 with a 28% rise in gross merchandise value (GMV) and a 33% jump in its revenue hitting $3.9 billion. The company is also set to invest over $100 million this year to support long-term growth.
Major food and grocery delivery platforms such as Delivery Hero, Swiggy, Uber and Zomato have launched an industry-led alliance - Deliver-E Coalition - to accelerate zero-emission food, grocery deliveries - by switching to 'green' two- and three-wheelers globally.
