E-commerce giant Amazon.com is reportedly planning on further expanding in the Middle East and is preparing to launch a new website for the region.
The UAE is the fourth most prepared developing economy for online commerce, according to a new index from the United Nations Conference on Trade and Development (UNCTAD).
SOUQ.com and OnePlus have announced that the launch of the upcoming flagship smartphone OnePlus 6T will be available exclusively on SOUQ.com in the UAE.
SOUQ has announced the launch of ‘Amazon Global Store’, which offers customers in the Kingdom of Saudi Arabia.
The MAGNiTT Exit report in 2017 revealed that there was a total of 60 startup exits – the point an investor (usually a venture capitalist) sells their stake in a firm to realise their gains – across the MENA in the years of 2012 to 2017.
Speaking at the Seamless Middle East forum in Dubai today, Ronaldo Mouchawar, CEO and founder of Souq.com, said that the $580 million Amazon acquisition in 2017 put the UAE at the forefront of technology innovation, but there is still much to be done in the region’s e-commerce space.
Amazon.com is looking to expand its reach in Saudi Arabia by adding several jobs to its Riyadh operations, according to a Bloomberg report.
Souq has announced the launch of the Amazon Global Store, offering its customers in the UAE the ability to shop for over one million Amazon products.
Digitalks aims to bring together experts from across the Middle East to discuss the latest trends, opportunities and challenges in the digital era.
In a Facebook post on August 24th by Ronaldo Mouchawar, the founder and CEO of Souq, he announced that AmazonBasics would be available immediately for sale on the Souq website.