Middle-east Arab News Opinion | Asharq Al-awsat

Media ID: 55377887
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Amazon completed on July 3 the acquisition of Dubai-based Souq.com. (AP)

Amazon Completes Acquisition of Souq.com

by Asharq Al-Awsat | Jul 3, 2017 | Business

Online retail giant Amazon completed on Monday the acquisition of Dubai-based Souq.com, the largest online retailer in the Middle East, around three months after the deal between the two sides was signed. In a joint statement, the two retailers said that Amazon...

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The logos of Souq.com and Amazon are seen at Souq.com office in Dubai, United Arab Emirates March 28, 2017. REUTERS/Ahmed Jadallah

Amazon Acquires Souq.com

by Musaid Al-Zayani | Mar 29, 2017 | Business

Dubai – Amazon completed on Tuesday its acquisition of Souq.com, the Middle East’s largest online retailer. A joint statement revealed that the agreement brings Amazon into a fast-growing market as it expands into a wide range of services. The deal’s...

Media ID: 55370100
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A flag flies for property company Emaar next to a construction site in Dubai’s Marina area. Reuters

Emaar Malls Challenges Amazon to Buy Souq.com

by Musaid Al-Zayani | Mar 25, 2017 | Business

Dubai- Emaar Malls, the shopping-center unit of Dubai’s biggest publicly traded property developer, made a bid for online retailer Souq.com seeking to challenge an existing offer from Amazon.com Inc., according to sources familiar with the matter. Amazon restarted...