Thanks in large part to Amazon‘s global reach, the world is getting more connected and seemingly smaller with Souq, an online retail and marketplace website in Saudi Arabia, which announced the launch of the Amazon Global Store. In a press release, Souq said the store offers...
Dubai-based eCommerce marketplace Souq.com, which was acquired by retail giant Amazon this year, recently announced that it has acquired the Middle East startup technology firm Wing.ae. According to reports from TechCrunch, Wing.ae has been responsible for the logistics of Souq’s growth, mainly the Amazon Prime-esque...
eCommerce has become a natural part of life in many parts of the world, but that hasn’t been the case in the Middle East. Most of the region’s eCommerce traffic is coming from a single country: the U.A.E. There are myriad barriers to wider acceptance,...
Until fairly recently the Middle East was a rather underdeveloped region from an eCommerce point of view. According to McKinsey, 50 million consumers are scattered across several countries in the region and yet only two percent of all retail spend flows online today. But, as...
March 28, 2017
After hitting what appears to be an all-time high of $861.74 during Tuesday morning trading last week, Amazon (AMZN) cooled off somewhat over the course of last week and into the final days of March. AMZN is still riding into the tail end of Q1, though prices continue to back off from its peak. At […]
May 01, 2019
Amazon has rebranded Souq.com, which it bought for $580 million in 2017, to Amazon.ae in a Middle East marketplace launch, according to CNBC. Souq.com will remain available in Saudi Arabia and Egypt, but a visit to the domain in any other location will be automatically rerouted to the new site. “We are proud to announce […]
September 13, 2018
Thanks in large part to Amazon‘s global reach, the world is getting more connected and seemingly smaller with Souq, an online retail and marketplace website in Saudi Arabia, which announced the...
