Amazon, which recently purchased SOUQ in the UAE and re-branded it as Amazon.ae, says it’s leasing an additional 15 Boeing 737-800 cargo aircraft from partner GE Capital Aviation Services (GECAS).
It isn’t clear when the current FedEx Express contract expires, and it should be noted that FedEx has said the decision doesn't affect its other contracts with Amazon, such as last mile ground delivery.
Other participants include existing Deliveroo investors T Rowe Price, Fidelity Management and Research Company, and Greenoaks
Walmart is the largest company in the United States by employee count (2.3-million), while Amazon is the largest Internet company by revenue in the world and the second largest employer in the United States.
SOUQ.com, the homegrown UAE e-commerce brand developed by Ronaldo Mouchawar, has been rebranded as Amazon.ae by the e-com giant
The AFCs would hover at about 13,700 metres and be restocked and resupplied by "shuttles or smaller airships". Amazon did not comment on the footage.
The video from the Chambers County Sheriff’s Office captures the final seconds of Flight 3591 as it nose-dived into Trinity Bay, near Anahuac, Texas.
It’s unclear whether Amazon plans to re-brand SOUQ.com as Amazon.ae, or shut it down altogether.
Amazon Air currently leases 20 air freighters from ATSG and 20 from Atlas Air, with the additional 10 from ATSG to be operational in the next two years.
Gulf Islamic Investments announces acquisition of centres in Dortmund, Germany.
Undaunted by growing rivalry in the e-commerce space, online retailer Wadi.com is pursuing a Saudi-centric strategy that it hopes will set it apart from the competition.
SOUQ.com has acquired Wing.ae, a startup that is building out a network for Prime-style same-day and next-day deliveries for various e-commerce marketplaces.
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