Dubai Souq Amazon – CWEB.com

amazonsouq

Dubai Souq Amazon – CWEB.com

Amazon.com — Amazon announced the acquisition of Mideast online retailer Souq.com for an undisclosed amount, beating out Dubai mall operator Emaar Malls. Terms were not disclosed but some news reports have put the price at $650 million or more

‘Dubai’s Crown Prince Sheikh Hamdan bin Mohammed bin Rashid al-Maktoum said Amazon’s entry into the region showed “Dubai’s position as a regional and global hub for the world’s biggest and leading organizations.”
[youtube https://www.youtube.com/watch?v=lyBsM_BicoA]

Comments


CWEB.com is not registered as an investment adviser with the U.S. Securities and Exchange Commission. Rather, CWEB.com relies upon the “publisher’s exclusion” from the definition of investment adviser as provided under Section 202(a)(11) of the Investment Advisers Act of 1940 and corresponding state securities laws.

Full Disclaimer

%d bloggers like this: