Ecommerce
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9.0KList: Venture Capitalists (VCs), Accelerators & Angel Groups in MENA
With so much happening in MENA’s startup ecosystem, the number of VCs and angel investors is also growing. From governments to companies,...
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3.2KSouq.com which was acquired by Amazon for $580 million would’ve been worth $675 million today if it was an all-stock deal
There were a lot of rumors to how much Amazon acquired Souq.com for but Amazon’s quarterly filings for 2017 Q1 confirmed the price....
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2.7KAlabbar’s Emaar Malls acquires 51% stake in Rocket Internet’s Dubai-based Namshi for $151 million
Mohamed Alabbar’s Emaar Malls has acquired a 51% stake in Namshi for $151 million in an all-cash trasaction. That makes 5-year old Namshi valued...
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4.6KSouq.com was acquired for $580 million: Amazon’s 2017 Q1 report to SEC
Souq.com’s acquisition by Amazon was not really straightforward. The whole episode had a lot of twists and turns before confirmation by both the...
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3.2KAlabbar led tech fund confirms acquisition of JadoPado, Omar Kassim joins Noon as CTO
It has now been confirmed that a tech fund led by Mohamed Alabbar who is the Chairman of Emaar Properties & Founder of...
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4.6K7 Websites to buy Cellphones & Gadgets in Saudi Arabia
Even though a clear majority of people in this region likes to go to malls or physical stores for shopping, there are...
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1.7KQuick Byte: JadoPado closes down after acquisition by a ‘regional player’
JadoPado, the Dubai-based marketplace has been acquired by a regional player, company announced in a blogpost today. The company did not share details about...
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2.0KNoon.com, the billion-dollar ecommerce portal to go live within few weeks in UAE & Saudi Arabia
The billion-dollar ecommerce portal Noon.com from UAE that is backed by Saudi Investment Fund a group of investors from UAE led by the...
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2.5KAmazon confirms the acquisition of Souq.com
After months and months of rumors, Amazon has today announced that the acquisition of Middle East’s largest ecommerce website, Souq.com in a statement. The terms...
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1.6KiPhone 7 Red can now be pre-ordered in UAE & Saudi Arabia
iPhone 7 Product (RED), the recently launched new edition of Apple iPhone can now be pre-ordered online in United Arab Emirates & Saudi...