Amazon, Ghitha Plan UAE Fresh Produce Initiative

MT newswire2026/09/30 10:34

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06:34 AM EDT, 09/30/2026 (MT Newswires) -- Amazon (AMZN) and 2PointZero Group unit Ghitha have signed a memorandum of understanding to explore a seasonal fresh produce initiative in the UAE, linking local farms with Amazon's supply chain, the companies said Wednesday. Under the plan, crop selection would be guided by customer demand, with locally grown produce delivered through Amazon Now. The companies also plan to develop a packhouse and distribution center at Food Tech Valley in Dubai and expand Ghitha's local brands on Amazon Now, they said. The companies said the initiative aims to increase the availability of locally sourced produce and support UAE farmers.

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According to Freddie Mac data, the 30-year fixed mortgage rate has risen to 7.4%, the highest level in nearly three years. Data from real estate brokerage Redfin shows that the volume of existing home pending sales in September fell 4% month-on-month, marking the largest single-month drop in over three years and hitting the lowest level since 2014. Nearly one-fifth of sellers have reduced prices, and the home purchase contract cancellation rate has reached a record high of 14.5%. Inventory levels have risen to the highest since March 2020, but high financing costs continue to constrain transactions.

华尔街见闻•2026/10/12 20:41