Ronaldo Mouchawar

Amazon To Buy Largest Mideast E-Retailer Souq.com

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Amazon will acquire the Middle East’s largest online retailer Souq.com, the two companies said in a statement on Tuesday without disclosing the value of the deal. The announcement comes a day after Dubai-based Emaar Malls confirmed offering $800 million to acquire Souq.com. Amazon had walked away from talks with Souq.com earlier this year, but it … Read more

Dubai’s Emaar Malls Rivals Amazon With $800m Souq.com Bid

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Dubai’s Emaar Malls has offered $800 million to buy Souq.com, the Middle East’s largest online retailer, it said Monday, challenging a reported offer by global giant Amazon. “Emaar Malls has submitted a bid of $800 million (736 million euros) for Souq.com in line with the strategy to align e-commerce with physical shopping,” Emaar Malls said … Read more