Amazon Makes Middle East Debut With Souq.com Acquisition

New Delhi: US online retail giant Amazon.com said on Tuesday that it had bought Souq.com, an e-commerce marketplace based out of Dubai. The company, which operates in countries including the United Arab Emirates, Egypt and Saudi Arabia is the largest online retail space in the Middle east. The value of the deal was not disclosed. "Amazon and SOUQ.com share the same DNA - we're both driven by customers, invention, and long-term thin...