Amazon, which has been operating in Egypt since 2017 through its company Souq.com, will launch a dedicated platform called amazon.eg in the Arab world’s most populous country by the end of this year.
Retailers already selling on Souq.com in Egypt will now be provided access to Amazon Seller Central – the company’s seller management tool. It is now open for registration where sellers can set up their accounts, Amazon said on Monday.
“The introduction of Amazon Seller Central in Egypt is a key milestone in our journey to continue supporting local Egyptian businesses of all sizes,” said Omar Elsahy, general manager of Amazon and souq.com in Egypt.
Amazon launched amazon.ae in the UAE in May 2019 after acquiring the home-grown e-commerce company Souq for $580 million in 2017. It launched amazon.sa in Saudi Arabia in June last year.
Currently, small and medium enterprises account for more than half of everything on Amazon’s online stores globally.
Amazon's local websites offer a range of tools and programmes to businesses, allowing them to grow their operations. The sellers can also create campaigns to enhance visibility for their products and run promotions in the form of coupons any time of the year.
“The largest household brands, as well as emerging ones, all sell on Amazon globally … and we are excited to bring this experience to the thousands of diverse sellers in Egypt in preparation of the launch of Amazon.eg,” said Mr Elsahy.
Amazon operates a widespread local logistics and operations network across Egypt, including its main fulfilment centre supported by 15 delivery stations across the country. It has a local workforce of more than 3,000 across corporate, customer service and operations in Egypt.
Ferrari 12Cilindri specs
Engine: naturally aspirated 6.5-liter V12
Power: 819hp
Torque: 678Nm at 7,250rpm
Price: From Dh1,700,000
Available: Now
RESULT
Valencia 3
Kevin Gameiro 21', 51'
Ferran Torres 67'
Atlanta 4
Josip Llicic 3' (P), 43' (P), 71', 82'
Sholto Byrnes on Myanmar politics
COMPANY PROFILE
Initial investment: Undisclosed
Investment stage: Series A
Investors: Core42
Current number of staff: 47
ARM%20IPO%20DETAILS
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BMW%20M4%20Competition
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Company%20profile
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Benefits of first-time home buyers' scheme
- Priority access to new homes from participating developers
- Discounts on sales price of off-plan units
- Flexible payment plans from developers
- Mortgages with better interest rates, faster approval times and reduced fees
- DLD registration fee can be paid through banks or credit cards at zero interest rates
World%20Food%20Day%20
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Specs
Engine: Duel electric motors
Power: 659hp
Torque: 1075Nm
On sale: Available for pre-order now
Price: On request
Company%C2%A0profile
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UAE currency: the story behind the money in your pockets
ALRAWABI%20SCHOOL%20FOR%20GIRLS
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Key facilities
- Olympic-size swimming pool with a split bulkhead for multi-use configurations, including water polo and 50m/25m training lanes
- Premier League-standard football pitch
- 400m Olympic running track
- NBA-spec basketball court with auditorium
- 600-seat auditorium
- Spaces for historical and cultural exploration
- An elevated football field that doubles as a helipad
- Specialist robotics and science laboratories
- AR and VR-enabled learning centres
- Disruption Lab and Research Centre for developing entrepreneurial skills
Honeymoonish
%3Cp%3E%3Cstrong%3EDirector%3A%3C%2Fstrong%3E%20Elie%20El%20Samaan%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3EStarring%3A%20%3C%2Fstrong%3ENour%20Al%20Ghandour%2C%20Mahmoud%20Boushahri%3C%2Fp%3E%0A%3Cp%3E%3Cstrong%3ERating%3A%3C%2Fstrong%3E%203%2F5%3C%2Fp%3E%0A
Global state-owned investor ranking by size
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1.
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United States
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2.
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China
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3.
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UAE
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4.
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Japan
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5
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Norway
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6.
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Canada
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Singapore
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8.
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Australia
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Saudi Arabia
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South Korea
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Hydrogen: Market potential
Hydrogen has an estimated $11 trillion market potential, according to Bank of America Securities and is expected to generate $2.5tn in direct revenues and $11tn of indirect infrastructure by 2050 as its production increases six-fold.
"We believe we are reaching the point of harnessing the element that comprises 90 per cent of the universe, effectively and economically,” the bank said in a recent report.
Falling costs of renewable energy and electrolysers used in green hydrogen production is one of the main catalysts for the increasingly bullish sentiment over the element.
The cost of electrolysers used in green hydrogen production has halved over the last five years and will fall to 60 to 90 per cent by the end of the decade, acceding to Haim Israel, equity strategist at Merrill Lynch. A global focus on decarbonisation and sustainability is also a big driver in its development.
CONFIRMED%20LINE-UP
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