Souq’s 2,000-person team is made up of many ex-patriates including some from the U.S. who have worked at eBay, Yahoo and Procter & Gamble. Souq has competition in the region.

Amazon launched a new website in the United Arab Emirates on Tuesday, replacing Souq.com — the popular regional e-commerce platform it bought for $580 million in 2017 — with Amazon.ae.

Souq has been around since 2005, founded by Mouchawar after Yahoo acquired his Arab-language internet portal Maktoob, leaving the e-commerce business behind (that portal was shut down by Yahoo in ...

Amazon purchased the Middle East's biggest online retailer, Souq.com, on Tuesday for an undisclosed amount, a day after a state-backed firm disclosed an $800-million counteroffer.

A look at SimilarWeb data paints a picture that shows just how dominant Souq is in the Middle East. The data shows that for June 2018, Souq.com had 78x more visitors than Noon.com.

Souq today is the biggest e-commerce marketplace in the region — with 45 million online visitors per month; 8.4 million products in 31 categories like consumer electronics, fashion, health and ...

But Souq’s rebranding as Amazon.ae in other Middle Eastern countries will give the U.S. technology giant a much more visible presence in a region that is increasingly being seen as an important ...

On Tuesday, Amazon acquired Souq.com, the biggest ecommerce player in the Middle East. Founded in 2005 by CEO Ronaldo Mouchawar, Dubai, United Arab Emirates-based Souq was already referred to as ...