Amazon.com Inc has agreed in principle to buy 100 percent of Dubai-based online retailer Souq.com from its shareholders, sources familiar with the deal said on Wednesday. Souq.com, which sells ...

Earlier this year, Amazon jump-started its business in the Middle East by paying $580 million to acquire Souq.com, an Amazon-style marketplace based out of Dubai. Today, Amazon and Souq are making ...

The sands of online bookselling in the Middle East are shifting. At the end of February, Dubai online retailer Souq.com launched what it called a new “global bookstore,” with plans to offer six ...

One has to remember that Souq and for that matter, e-commerce, places Emaar Malls in a difficult situation. Customers are slowly spending less time at shopping malls that are owned and operated by ...

Now that it’s selling just about everything in the world (from Fiat Chryslers to its own fashion brand), it wants to be everywhere in the world, too. As per a new report from Bloomberg, Amazon is in ...

DUBAI—Amazon.com Inc.AMZN-3.06%decrease; red down pointing triangle said Tuesday it is acquiring Dubai-based Souq.com, placing one of its biggest global bets in recent years on the small but rapidly ...

Add Yahoo as a preferred source to see more of our stories on Google. DUBAI, United Arab Emirates (AP) — Amazon purchased the Middle East's biggest online retailer Souq.com on Tuesday for an ...

In the early years of building Souq.com, Ronaldo Mouchawar often carried a notebook into his pitch meetings with retailers in Dubai. He hoped they would sign on to the new ecommerce platform, but the ...

Amazon.com Inc has agreed in principle to buy 100 percent of Dubai-based online retailer Souq.com from its shareholders, sources familiar with the deal said on Wednesday. Souq.com, which sells ...

Amazon has confirmed it is buying souq.com, the Middle East's largest online retailer. Terms of the deal were not made public but the Financial Times reported that Amazon will pay around $650m for the ...