Sunday 23 April 2017
 
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E-commerce

Amazon reaches deal to buy Souq.com

Amazon, a global e-commerce leader, today announced that it has reached an agreement to acquire Souq.com, an e-commerce leader in the Middle East. Joining the Amazon family will enable Souq.com to continue growing while working wi

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Amazon reaches deal to buy Souq.com

Amazon, a global e-commerce leader, today announced that it has reached an agreement to acquire Souq.com, an e-commerce leader in the Middle East. Joining the Amazon family will enable Souq.com to continue growing while working wi

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Ajman Free Zone’s e-commerce licences up 35pc

Ajman Free Zone, a leading free zone in the Northern Emirates, announced that its e-commerce licence issuance to an array of new regional and global digital enterprises year-on-year soared by 35 per cent in 2016. A statement from

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MallfortheWorld launches service in Gulf

MallfortheWorld, a global e-commerce platform, has announced that consumers in the UAE, Saudi Arabia and Qatar will now have access to over 150 of the leading retailers in the US through its app, marking its foray into the Middle East.  

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Alabbar, PIF to launch $1bn e-commerce venture

Dubai-based billionaire Mohamed Alabbar has announced plans to launch an e-commerce platform with an initial investment of $1 billion together with Saudi Arabia’s Public Investment Fund (PIF). Noon.com will be based in Riyad

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GCC e-commerce set to become world’s fastest-growing

With high levels of disposal income, world-leading internet and smartphone penetration, and changing consumer preferences, the GCC has the potential to become the world’s fastest growing e-commerce playground, a report said.

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E-commerce transactions hit $15bn in Middle East

E-commerce transactions among institutions and individuals in the Middle East are estimated at $15 billion last year from almost 90 million users in the region, Industry, Commerce and Tourism Minister Zayed Al Zayani has said in a report in th

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Souq.com launches new sales campaign

Souq.com, a leading e-commerce company in the region, has launched major sales campaign with a tag line “It’s yours”, offering over 1.5 million products at the most competitive prices. The company will mark the n

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Souq.com raises $275m from investors

Middle Eastern online retailer Souq.com has raised $275 million from a funding round with investors to support its future growth, it said on Monday, in the largest-ever fundraising in the region's e-commerce space. The Middle

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StanChart invests in Souq.com

Standard Chartered Private Equity (SCPE), the private equity arm of the bank, has made a $50 million equity investment, as part of a $275 million consortium, for a minority stake in online retailer Souq.com. The investment will support

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