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Is Amazon Buying Dubai-based E-Tailer Souq.com?

  • Reuters, Thursday, March 23, 2017 2:11 PM
Amazon has agreed to buy Dubai-based Web retailer Souq.com, Reuters reports, citing sources. “Souq.com, which sells consumer electronics, fashion, household items and other goods, lays claim on its website to being the largest e-commerce site in the Arab world,” it writes. “For Amazon, Souq.com offers expertise and a foothold in a region where e-commerce is expanding quickly thanks to a young and tech-savvy population.”

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