A conflict between Amazon CEO Jeff Bezos and Saudi Crown Prince Mohammed bin Salman didn’t derail the eCommerce giant’s launch of its new website in Saudi Arabia, Reuters reported. The website is a re-branding of Middle Eastern eCommerce site Souq.com, which was acquired by Amazon...
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,...
Amazon has officially completed its acquisition of Middle Eastern-based eCommerce firm Souq.com through a $580 million cash deal. Amazon announced its intention to acquire Souq.com in March. With this move, Amazon has effectively deepened its presence in the highly sought-after Middle East market. As it...
Amazon had a news-filled week last week culminating with shares flirting with a new high in trading Friday (March 31). According to a report, shares of the eCommerce giant were lifted by a bevy of news, including its acquisition of Souq.com, the Middle East ecommerce...
November 24, 2022
On the international stage, Thanksgiving is up there with baseball and the star-spangled banner as among the most instantly recognizable emblems of Americana by which the world identifies the United States. Yet the majority of consumers in Europe, the Middle East and Africa (EMEA) will spend Thursday (Nov. 24) in much the same way as […]
June 17, 2020
A conflict between Amazon CEO Jeff Bezos and Saudi Crown Prince Mohammed bin Salman didn’t derail the eCommerce giant’s launch of its new website in Saudi Arabia, Reuters reported. The website is a re-branding of Middle Eastern eCommerce site Souq.com, which was acquired by Amazon in 2017, PYMNTS reported. Last year, the company converted Souq’s […]
July 05, 2017
Amazon has officially completed its acquisition of Middle Eastern-based eCommerce firm Souq.com through a $580 million cash deal. Amazon announced its intention to acquire Souq.com in March. With this move,...
April 03, 2017
Amazon had a news-filled week last week culminating with shares flirting with a new high in trading Friday (March 31). According to a report, shares of the eCommerce giant were...
March 29, 2017
Amazon’s quest to become the ultimate eCommerce site is well under way. Lately, Amazon has taken actions to move itself further along this path. Today alone there are three new...
