Amazon in talks to buy Dubai’s Souq.com in $1bn deal

Bloomberg has claimed that Amazon may be about to part with $1bn to get hold of its Middle East equivalent, Souq.com. The purchase would give the retail giant access not only to the UAE, but also to the growing e-commerce markets in Saudi Arabia and Egypt.

While the report said that neither party wished to comment, it does quote an interview with Syrian co-founder and chief executive Ronaldo Mouchawar, (pictured) noting that he would be open to the prospect of selling ...