Back in March 2017, Amazon paid $580 million for the Dubai-based e-commerce company that was one of the most popular internet retailers in the Middle East. Now, Amazon has announced that it is ...

Amazon this week launched a marketplace in the Middle East, rebranding the popular Souq e-commerce site that it acquired two years ago. Visitors to Souq.com are now automatically redirected to ...

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 ...

Two years ago, Amazon made its first major move into the Middle East with its 2017 acquisition of online marketplace Souq for $580 million. Now the e-Commerce giant is further asserting its own ...

Confirming widespread reports anspeculation, Amazon this morning announced an agreement to acquire Souq.com, a 12-year-old e-commerce company sometimes called the Amazon of the Middle East. The ...

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 (Reuters) - 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. Sign up ...

Amazon on Tuesday announced that it will acquire Middle East e-commerce marketplace Souq for an undisclosed sum. The deal is expected to close this year. The e-commerce giant won out over a competing ...

E-commerce giants with ambitions to build regional Amazon rivals in emerging markets continue to rake in huge amounts of funding. Today, comes the latest development: Souq — an online marketplace that ...

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 ...

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 ...