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Souq.com was the largest e-commerce platform in the Arab world. The company launched in 2005 in Dubai, United Arab Emirates. On March 28, 2017, Amazon.com Inc. acquired Souq.com for $580 million as a subsidiary. On May 1, 2019, Souq.com UAE became known as Amazon.ae, while on June 17, 2020, Souq.com KSA became known as Amazon.sa.
Ronaldo Mouchawar ( Arabic: رونالدو مشحور ), is a Syrian entrepreneur. In 2005, he co-founded Souq.com, the largest e-commerce retailer in the Arab World, making the e-commerce retailer the region's first unicorn. [1] When Amazon acquired Souq in 2017, Mouchewar became vice president of Amazon Middle East and North Africa. [2]
Amazon.com, Inc., is an American electronic commerce and cloud computing company headquartered in Seattle, Washington. Founded by Jeff Bezos on July 5, 1994, as an online bookstore, Amazon went public after an initial public offering on May 15, 1997, during the midst of the dot-com bubble. [1] The funds gained from the IPO allowed Amazon to ...
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The Grand Bazaar in Istanbul, Turkey. A bazaar [a] or souk [b] is a marketplace consisting of multiple small stalls or shops, [1] especially in the Middle East, [2] [1] the Balkans, North Africa and South Asia. [1] They are traditionally located in vaulted or covered streets that had doors on each end and served as a city's central marketplace.
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1984 or 1985 (age 39–40) Citizenship. German. Education. Monroe College. Occupation. Businessman. Saygin Yalcin ( Turkish: Saygın Yalçın; [1] born 1984 [2]) is a Dubai-based German entrepreneur and academic lecturer of Turkish origin. [3] He founded sukar.com which was acquired by Souq.com, which was then acquired by Amazon for $580 million.
The souq was founded at least a century ago in proximity of the dry river bed known as Wadi Musheireb. It was a gathering place where Bedouins and locals would trade a variety of goods, primarily livestock goods. However with the boom in prosperity in the 1990s, the Souq fell into decline and in 2003, most of it was destroyed in a fire.