Previous Post
Ballerinas of Cairo Have Just Been Beautifully Featured in Marie Claire
Next Post
Observations of a Woman in Cairo: On Virginity and Patriarchy

Amazon Officially Acquires the Middle East's Biggest Online Retailer Souq.com

After months of negotiations, news has emerged that the American giant has officially won the bid to acquire the Middle East's biggest internet retailer.

According to a press release by Souq.com earlier today, a final deal has been reached between the American internet retailer giant and the UAE-based Souq.com. Both internet retailers have been in talks to reach a final agreement since January. However, Souq.com reportedly received a counter-offer earlier this week from Emaar Malls Group, which it apparently didn't consider.

Souq.com CEO, Ronaldo Mouchawar, believes that "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."

"Amazon and Souq.com share the same DNA – we’re both driven by customers, invention, and long-term thinking,” says Amazon Senior Vice President Russ Grandinetti.

The acquisition is expected to be completed later this year.

Photo: Souq.com


Todays Events
Andromida @ Cairo Jazz Club
Clubs
Date: 1/18/2018
Time: 10:00pm - 2:00am
Venue: Cairo Jazz Club
Jukebox @ Bogali
Bars
Date: 1/18/2018
Time: 10:00pm - 3:00am
Venue: Bogali
Al Mahrgan @ Underground
Clubs
Date: 1/18/2018
Time: 10:00pm - 3:00am
Venue: Underground Cairo
Talk By Federico Corno @ Photopia
Seminars
Date: 1/18/2018
Time: 7:00pm - 9:00pm
Venue: Photopia Studio
Swimming with the Remains of a Time to Come
Culture
Date: 1/18/2018
Time: 11:00am - 8:00pm
Venue: Mashrabia Art Gallery
Happy Hours @ Bogali
Bars
Date: 1/18/2018
Time: 5:00pm - 8:00pm
Venue: Bogali
Wake Camp @ Slider
Variety
Date: 1/18/2018
Time: 4:00pm - 11:00pm
Venue: Sliders Cable Park
Barre Course with Mona El Husseini
Dance
Date: 1/18/2018
Time: 6:30pm - 7:30pm
Venue: Cairo Contemporary Dance Center