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The company posted tepid Q3 results.

Kimberly-Clark to buy Kenvue

The deal is valued at $48.7 billion.

BYD Q3 profit down 33%

This was a 33% year-on-year decrease.

Snoonu launches ‘No riders under the sun’

    • Starting from mid-May, Snoonu has transitioned exclusively to car deliveries for the summer season

    • Snoonu is Qatar’s home-grown success story that aims to be the first local Unicorn company

    Qatar’s leading tech startup, Snoonu, has announced the launch of its ‘No Riders Under the Sun’ initiative, aimed at preserving the health and wellbeing of its employees during the hottest summer months in Qatar.

    Since mid-May, deliveries between 10am and 5pm are being completed exclusively via Snoonu cars to protect drivers from the harsh elements of the sun and heat and to ensure that humane working conditions are maintained for all employees.

    The company aims to continue this initiative until the end of the summer season.

    “Snoonu is a people-centric business, and it is my duty as a leader to protect the heroes delivering to customers’ and keeping our business always operating, while prioritizing riders’ health and safety over efficiency or profit,” Hamad Al Hajri, Snoonu co-founder and CEO, said.

    “I am absolutely convinced that humanity and compassion must be at the heart of any business venture, and I hope that other companies will make the same choice for their workers today”.

    The initiative comes in line with the recent decision by the Ministry of Administrative Development, Labour and Social Affairs prohibiting performing work outside between 10am to 3.30pm to protect workers from heat stress during the summer period.

    Snoonu is Qatar’s home-grown success story that aims to be the first local Unicorn company. With over 100,000 users, Snoonu plans to expand and diversify its offering by adding new features and services to its platform, with a goal to enter international markets, including the Middle East and CIS.

    After securing a $5 million of investments during the Series A Funding round in April 2021, Snoonu plans to continue its growth and launch the Series B round in December 2021, with the goal to launch its IPO by 2024 and to further diversify its offer with payments and supply chain digitization solutions, transport, and global takeaway services.