News

Amazon Is Planning To Create Over 1,500 Jobs In Saudi Arabia

Published

4 years ago

March 23, 2021

Amazon

E-commerce giant, Amazon, has recently announced its plan to open 11 brand new buildings across Saudi Arabia. Once all the new buildings are opened, which should happen by the end of 2021, they will create over 1,500 new jobs.

Right now, Amazon has three warehouses in Saudi Arabia, referred to as fulfillment centers, located in Riyadh and Jeddah. With the planned buildings, Amazon’s total floor area is supposed to reach 867,000 square feet, or about 80,000 square meters.

Amazon wants to enhance its storage capacity by 89 percent and its geographical delivery network by 58 percent to better cope with the growing demand for its services in the region. In addition to building new facilities, the company will also upgrade existing ones to enable faster, smarter, and more consistent deliveries of products to customers.

“These new investments reiterate our commitment to Saudi Arabia, contributing to the local economy through the creation of new job opportunities,” said Prashant Saran, Amazon’s Middle East and North Africa director of operations.

“Our investments in technology and infrastructure align with Saudi’s digital transformation goals, enabling world-class fulfillment offerings to our independent seller partners, and faster delivery on an expanded product selection to our customers,” Saran added.

Amazon is among the biggest winners of the COVID-19 pandemic. Its net profit increased by 84 percent to $21.3 billion as revenue grew 38 percent to $386.1 billion. In January of this year, the company launched its Amazon Prime service in Saudi Arabia, offering many convenient perks to Saudi shoppers, including free same-day and next-day delivery.

Also Read: Tinder Will Soon Let You Background Check Your Matches

A small survey of nearly 1,000 Saudi shoppers conducted by advertising platform Criteo last year found that 58 percent of Saudis now prefer online shopping to in-store shopping, and 35 percent see the cost of shipping as a big factor in their decision-making process.

With the new facilities, Amazon will be ready to expand its presence in the region even further to meet customers’ growing expectations.

News

Yabi Introduces AI Financial Coach For Smarter Money Moves

The app provides real-time, personalized financial guidance, helping UAE residents manage money smarter, reduce debt, and build wealth effortlessly.

Published

10 hours ago

February 22, 2025

Nour Nasir

Yabi

Imagine having 24/7 access to an expert financial advisor — someone who understands your spending habits, helps you save more effectively, and offers guidance for every financial decision. That’s the vision behind Yabi’s revamped platform, an AI-driven finance app designed to transform personal finance management in the UAE.

Unlike traditional budgeting tools, Yabi acts as an always-available AI advisor, analyzing your unique spending patterns and offering real-time, tailored financial advice. Whether you’re making everyday purchases, planning a big trip, or saving for a major milestone, Yabi keeps you on track and helps you make informed financial choices.

Rakhil Fernando, CEO of Yabi, explains the mission behind the platform: “Financial literacy is not optional — it’s essential. But most financial tools today feel outdated and overly complex. Yabi is here to change that by offering AI-powered financial coaching that’s smart, simple, and accessible to everyone in the UAE”.

Here are some of the updated app’s new features:

AI-Powered Financial Coach: A 24/7 digital advisor providing real-time financial guidance based on your spending habits and available in multiple languages.
Live Insights: Connect your bank accounts for a detailed breakdown of your expenses.
Tailored Budgeting: Yabi creates a budget that fits with your actual spending habits rather than generic financial advice.
Interactive Financial Education: Learn the essentials of saving, investing, and credit management through engaging content integrated into the AI experience.
Automated Expense Tracking: Receive instant alerts on overspending, identify hidden charges, and cut unnecessary subscriptions with ease.
Credit Score & Financial Health Monitoring: Get free credit score checks and AI-driven recommendations to enhance your financial standing.

Also Read: A Guide To Digital Payment Methods In The Middle East

Finally, Yabi is also gearing up to introduce its own debit card and a suite of financial products, making it easier to save, spend, and invest within a single platform.

Want to try Yabi for yourself? You can download the app on the Apple App Store and Google Play Store.