Middle East

Amazon’s Bid for Dubai’s Souq.com Faces A Challenger
Amazon’s Bid for Dubai’s Souq.com Faces A Challenger
March 27, 2017  |  Retail

Amazon may be facing a big contender in its efforts to strike a deal to purchase Dubai-based online retailer Souq.com. Just last week, it was...

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Amazon Acquires All Of Souq.com The Middle East eCommerce Company
Amazon Acquires All Of Souq.com The Middle East eCommerce Company
March 23, 2017  |  Partnerships / Acquisitions

Amazon.com has reportedly inked a deal to buy Souq.com, the Dubai online retailer, reported Reuters. Citing sources familiar with the deal, Reuters reported Amazon is...

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Amazon Restarts Talks With Souq.com About Acquisition
Amazon Restarts Talks With Souq.com About Acquisition
March 10, 2017  |  Retail

eCommerce giant Amazon is reportedly back in acquisition discussions with Souq.com, the Middle Eastern online retailer. According to a report, sources told Bloomberg discussions between...

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Careem Raises $350 Million In Funding
Careem Raises $350 Million In Funding
December 20, 2016  |  Investments

Taxi-hailing app Careem, which is a competitor to Uber in the Middle East, has raised $350 million in venture funding. According to a report in...

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Amazon In $1 Billion Deal Talks To Buy Souq.com
Amazon In $1 Billion Deal Talks To Buy Souq.com
November 28, 2016  |  Amazon

Amazon is reportedly in discussions to acquire Souq.com FZ, the Dubai online retailer. According to a report by Bloomberg, talks are focused on Amazon paying around $1...

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Orange/Ecobank Launch Bank-To-Wallet Money Transfer Service
Orange/Ecobank Launch Bank-To-Wallet Money Transfer Service
March 22, 2016  |  International

Through a new partnership, customers of both Ecobank and Orange will have the ability to top up their Orange Money eWallets through their bank accounts...

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UAE Promotes SMEs
UAE Promotes SMEs
April 14, 2014  |  News

In the UAE, a new law grants SMEs exemptions from customs tax for equipment, raw materials and goods for production purposes. It also exempts SMEs...

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