Amazon may shut down SOUQ as it plans new Middle East e-com platform
It’s unclear whether Amazon plans to re-brand as, or shut it down altogether.
Amazon Air to expand fleet to 50 aircraft with new ATSG deal
Amazon Air currently leases 20 air freighters from ATSG and 20 from Atlas Air, with the additional 10 from ATSG to be operational in the next two years.
UAE firm buys Amazon logistics centres for $144m
Gulf Islamic Investments announces acquisition of centres in Dortmund, Germany.
FEATURE: forges own path
Undaunted by growing rivalry in the e-commerce space, online retailer is pursuing a Saudi-centric strategy that it hopes will set it apart from the competition. acquires to enhance same-day delivery has acquired, a startup that is building out a network for Prime-style same-day and next-day deliveries for various e-commerce marketplaces.
Noon gets in position for Amazon fight with new CEO
Noon, the Middle East’s soon to be launched e-commerce platform, founded by Mohamed Alabbar, has announced the appointment of Faraz Khalid as its Chief Executive Officer.
SOUQ-Amazon integration underway says Mouchawar
The acquisition of by Amazon was completed this week, while work to fully integrate the two companies is progressing well, says SOUQ co-founder and chief executive Ronaldo Mouchawar.
Alabbar says to shift hub from Dubai to Saudi
In a statement this week Dubai businessman Mohamed Alabbar said his new US $1-billion e-commerce site is “on track” to begin operations in 2017 and will shift its primary logistics hub from Dubai to Riyadh.
Amazon to launch Dubai hub following Souq deal
Amazon is understood to have started a search for its first office in Dubai, as well as logistics space to run its expanding Middle East operations.
DHL: Amazon acquisition of Souq is major opportunity
The recently confirmed takeover of by Amazon will create huge opportunities for express couriers in the Middle East, says DHL Express country manager for the UAE Geoff Walsh.
Emaar offers Souq $800m to keep Amazon out of MENA
Emaar Malls has bid up to US $800 million to take over e-commerce giant, sources familiar to the offer have have confirmed days after Amazon made similar offer.
Amazon bids for for reported half a billion Inc has agreed in principle to buy UAE-based online retailer, one of the best-known names in the Middle East's online shopping market, for half a billion dollars, according to reports by Reuters.

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