#Amazon

fulfillment centre

Amazon opens a new fulfillment centre in Dubai South

The new facility will increase Amazon’s storage capacity by 70 per cent, supporting a wider selection of products for customers

Alexa

Alexa MENA’s Dr Raf Fatani shares how the brand is delivering a fully localised experience

Hyper-localisation is key to driving brand growth in new markets, says, the company’s regional general manager

One Medical

Amazon has completed $3.49bn deal for One Medical

One Medical operates more than 200 medical offices in 26 markets in the US

Freshtohome

FreshToHome raises $104m with Amazon as lead investor

Investment represents Amazon Smbhav Venture Fund’s first direct foray into the D2C branded food space

Zappos

Amazon subsidiary Zappos lays off around 20% of staff

The company’s spokesperson Laura Davis stated that the cuts were part of regular business planning

Leap23

Saudi’s LEAP23 announces series of new investments, equalling $580m

New deals include the launch of a data centre and two dedicated academies for developing technical skills and unearthing homegrown talent

IBM

IBM to cut about 3,900 workers, still hiring in ‘higher growth’ areas

The company’s current headcount is 260,000

Apple

Apple to expand smart-home lineup

The brand is working on a slate of devices, including new displays and a faster TV set-top box, after relaunching its larger HomePod speaker

Smartworld

UAE’s etisalat by e& named strongest Middle Eastern brand

Tech giant Amazon regained top spot from Apple to become the world’s most valuable brand

Amazon cuts 18,000 jobs

Amazon to slash more than 18,000 jobs

The reduction is concentrated in the firm’s corporate ranks, mostly Amazon’s retail division and human resources functions like recruiting

Amazon

Amazon vows to replenish all the water it uses for data centres

Currently, AWS relies on recycled water for 20 of its data centres

AWS

Amazon’s new chip moves AWS into high-performance computing

Amazon says making its own chips will give customers more cost-effective computing power than they could get by renting time on processors

Amazon, Meta join ranks of tech companies slashing thousands of jobs

Amazon, Meta join ranks of tech companies slashing thousands of jobs

In recent earnings reports, Alphabet, Amazon, Meta Platforms, Microsoft and others fell short of projections, sending shares plunging and shaving hundreds of billions of dollars from their market valuations

Amazon

Amazon’s new warehouse robot could one day replace humans

Amazon employs hundreds of thousands of workers, whose dexterity and intuition currently let them pick and pack items more quickly and more reliably than existing machines

Amazon opens its new corporate office in Riyadh

Amazon opens its new corporate office in Riyadh

With the opening of the new office, Amazon is also working to launch an initiative to empower and train Saudi talent

AMAZON LAUNCHES INTELLECTUAL PROPERTY ACCELERATOR IN THE UAE

Amazon launches intellectual property accelerator in UAE to help SMBs trademark their brand

The IP Accelerator connects SMBs with a network of curated intellectual property law firms for trademark registration and advisory services

Kyndryl

IBM spinoff Kyndryl is betting on Amazon, Microsoft, and Google for growth

The spinoff left Kyndryl with 90,000 employees and a large chunk of the legacy infrastructure services business that had been a drag on growth for IBM before the split

Apple

Apple lays off recruiters as part of its slowdown in hiring

Apple is still retaining recruiters who are full-time employees and not all of its contractors were fired as part of the move

Amazon Meta

Even tech giants like Amazon and Meta can’t escape the slowdown

With many of the biggest tech giants poised to report earnings in the next two weeks, investors are bracing for mostly bad news

Inside the Amazon Abu Dhabi Delivery Station

Inside Amazon’s largest delivery station in the UAE

Gulf Business recently visited Amazon’s largest delivery station in Abu Dhabi to get the details

Fintechs

Why bank and tech giants are losing their experts to fintechs

Significant numbers of employees are moving from tech firms like Amazon.com and Microsoft to fintech companies

Amazon Abu Dhabi Delivery Station

Amazon opens its largest delivery station in Abu Dhabi

The 4,700sqm delivery station is the second largest in the country and provides same-day and next-day deliveries to customers

Amazon startups

Amazon backs Saudi entrepreneurs to establish logistics startups

The programme aims to establish more than 30 new startups and create hundreds of job opportunities during the first three years

Revealed: 74% of UAE’s online shoppers to spend more in 2022

In the report, online shoppers were surveyed, to understand their shopping behaviour, including how they are using Amazon and Noon

EFG Amazon.eg

Amazon invests $10m in EFG Hermes, may convert to 4.255% stake in subsidiary valU

ValU has a current post-money valuation $235m

Boeing taps Amazon, Microsoft and Google for cloud mega-deal

The multiyear agreements are intended to upgrade the company’s current system of hosting and maintaining software applications

Getty Images

Microsoft Defender security expands to support Google cloud

Microsoft Defender will include support for Google Cloud starting Wednesday, three months after adding support for Amazon’s products

Amazon poised for biggest ever market value gain a day after Facebook’s loss

The surge in Amazon’s stock price came after sales in its cloud computing business beat Wall Street estimates

Getty Images

Amazon leads corporate clean-energy purchases in record year

Amazon accounted for 20 per cent of a record 31.1 gigawatts of clean power capacity bought by corporations in 2021

Amazon University Esports to expand to UAE, Saudi Arabia with MENATech

This will be UAE’s and Saudi Arabia’s first educational esports league