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  • DUBAI, March 28- Amazon.com has agreed to buy Middle East online retailer Souq.com, thwarting a last-minute bid by Dubai billionaire Mohamed Alabbar's Emaar Malls. In a deal document seen by Reuters, Goldman said the acquisition would accelerate Amazon's entry into "attractive Middle East countries with significant growth potential given e-commerce only...

  • DUBAI, March 28- Amazon.com has agreed to buy Middle East online retailer Souq.com, thwarting a last minute bid by Dubai billionaire Mohamed Alabbar's Emaar Malls. The deal appeared to get the endorsement of the Dubai government which is increasingly focusing on technology. The Emar offer was not the first online move to be made by Alabbar, who made his name as...

  • DUBAI, March 28- Amazom.com has agreed to acquire Middle East online retailer Souq.com,, the two companies said in a joint statement on Tuesday. "By becoming part of the Amazon family, we'll be able to vastly expand our delivery capabilities and customer selection much faster, as well as continue Amazon's great track record of empowering sellers," said Souq.com' s...

  • DUBAI, United Arab Emirates— 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. In buying Souq.com, Amazon will leapfrog into the crucial Mideast markets of Egypt, the United Arab Emirates and Saudi Arabia, where the Dubai- based...

  • *Dubai's Emaar Malls said it bid $800 mln for Souq.com. DUBAI, March 28- Middle Eastern online retailer Souq.com will make an announcement later on Tuesday about Amazon.com Inc's bid to buy 100 percent of the company from its shareholders, two sources familiar with the matter told Reuters. Dubai's Emaar Malls, operator of some of the region's most glitzy shopping...

  • DUBAI, March 28- Middle Eastern online retailer Souq.com will make an announcement later on Tuesday about Amazon.com Inc's bid to buy 100 percent of the company from its shareholders, two sources familiar with the deal told Reuters. One of the sources, declining to be identified ahead of the announcement, said the statement would say that Souq.com' s...

  • DUBAI, March 27- Dubai's Emaar Malls, operator of glitzy Middle East shopping centers, has made an $800 million offer for regional online retailer Souq.com, setting up a potential bidding war with Amazon.com. Emaar Malls bid has so far not been accepted by Souq.com shareholders, the Dubai- listed firm said in a stock exchange announcement on Monday.

  • Amazon has bigger brick-and-motar plans than just grocery stores

    The tech giant plans on conducting several ambitious experiments that could change the face of retail.

  • DUBAI, March 27- Dubai's Emaar Malls, operator of glitzy Middle East shopping centers, has made an $800 million offer for regional online retailer Souq.com, setting up a potential bidding war with Amazon.com. Emaar Malls bid has so far not been accepted by Souq.com shareholders, the Dubai- listed firm said in a stock exchange announcement on Monday.

  • DUBAI, United Arab Emirates— The operator of Dubai's largest mall said Monday it made an $880- million offer to purchase the Middle East's biggest online retailer Souq.com, adding new corporate intrigue to the website's rumored sale to Amazon. Emaar Mall's bid for the site comes after Emaar chairman Mohamed Alabbar reportedly met in November with Amazon CEO...

  • DUBAI, March 27- Dubai's Emaar Malls, operator of glitzy Middle East shopping centres, has made an $800 million offer for regional online retailer Souq.com, setting up a potential bidding war with Amazon.com. The Emaar Malls bid is the latest move by Dubai billionaire Mohammed Alabbar who chairs Dubai's largest publicly listed developer Emaar Properties.

  • DUBAI, March 27- Dubai's Emaar Malls, operator of the Middle East's most glitzy shopping malls, has made an $800 million offer for Middle Eastern online retailer Souq.com, potentially setting up a bidding war with Amazon.com Inc.. Emaar Malls, operator of the Dubai Mall, is the retail unit of Dubai's largest publicly traded property developer Emaar Properties.

  • Amazon.com wins its tax dispute

    On Thursday, it won more than a $1.5 billion tax dispute with the internal revenue service.

  • Amazon founder and CEO Jeff Bezos and real estate tycoon Mohamed Alabbar.

    Acquisition of Souq.com is set to shake up sector but local competition will be fierce, Financial Times reports.

  • Alibaba

    Pacific Crest predicts annual sales for Alibaba's cloud computing business will grow 69 percent per year through 2021.

  • March 23- That retail stocks face an ever-dimmer future is now something of an investing truism. That the internet retailers which are displacing them are also vulnerable to many of the same forces is also true, but much less well understood. Shares in Sears Holding Corp tumbled as much as 15 percent on Wednesday after the once-ubiquitous retailer said that "...

  • *Talks on raising fresh funds from China not successful-sources. HONG KONG/ MUMBAI, March 23- Indian online retailer Snapdeal is seeking investment to shore up its finances after unsuccessful talks with Chinese funds and Alibaba Group Holding Ltd as it battles to remain competitive, sources with direct knowledge of the matter said. "Snapdeal has been...

  • DUBAI, March 22- Amazon.com Inc has agreed in principle to buy Dubai- based internet retailer Souq.com, one of the best-known names in the Middle East's online shopping market, sources familiar with the deal said on Wednesday. Kuwait, Saudi Arabia and the United Arab Emirates are among the top markets worldwide for mobile phone penetration.

  • DUBAI, March 22- Amazon.com Inc has agreed in principle to buy 100 percent of Dubai- based online retailer Souq.com from its shareholders, sources familiar with the deal said on Wednesday. Kuwait, Saudi Arabia and the United Arab Emirates are among the top worldwide for mobile phone penetration. "Amazon acquires business that they see as tangential to the core...

  • Costco will not be delivered right to your door

    A delivery service announced Tuesday it will start making runs to Costco to pick up orders for customers.