DUBAI: Amazon’s acquisition of online retail site Souq.com marks a “coming-of-age” of the Middle East ecommerce sector, technology experts said.
Souq plans to expand its workforce and operations after the US market leader clinched a deal to buy 100 percent of the Middle East player, executives from both firms said.
Amazon had walked away from talks with Souq.com earlier this year, but it reportedly came back with an offer of $650 million.
Amazon and Souq.com said earlier on Tuesday they had agreed on the takeover, despite an eleventh-hour bid by Dubai billionaire Mohamed Alabbar’s Emaar Malls to cut in with an offer it said was worth $800 million.
Executives have not disclosed the value of the Amazon deal, which adviser Goldman Sachs called “the biggest-ever technology M&A transaction in the Arab world.”
Sources with knowledge of the takeover said Amazon was paying less than Emaar’s offer, making it lower than Souq.com’s $1 billion valuation when it sought funding last year.
One source said Souq.com would have broken an exclusivity agreement with Amazon if it accepted Emaar’s bid at this stage.
“Amazon is a great fit with us. We have a lot of common values and it is all about innovation, technology and the type of customer experience and thinking that Amazon has,” Souq.com Co-Founder and Chief Executive Ronaldo Mouchawar told Reuters.
Technology expert Matthew Reed, practice leader for the Middle East and Africa at Ovum in Dubai, said that the deal was significant.
“The Amazon deal to buy Souq.com marks a coming-of-age moment for e-commerce in the Middle East,” Reed told Arab News.
“Currently, e-commerce in the region is less advanced than might be expected the given the relative affluence and high levels of broadband connectivity in the GCC states. But the arrival in the region of a global leader such as Amazon should help to develop and grow the e-commerce sector here.”
The deal will help grow an already major player in the Middle East online retail sector. Alabbar himself has advanced plans for the launch of Noon, slated as a $1 billion portal that will have a big initial focus on fashion and luxury products.
“Assuming the deal goes ahead, Noon will face tougher competition than it might have been expecting, as in Amazon it will be up against what many see as the world’s leading e-tailer,” Reed said.
P.K. Gulati, a Dubai-based technology investor, said that the Amazon-Souq deal was “awesome”.
“I think it’s great for the ecosystem — it’s great as a role-model deal, in the sense of people thinking that they can do it,” Gulati – who has made about 15 investments worldwide, mainly in Silicon Valley and India – told Arab News.
It was also remarkable given Amazon’s track record in business, he added. “Amazon has a reputation of not buying companies — rather, of making them.”
Gulati said that Alabbar’s unsuccessful 11th-hour bid for Souq simply came too late.
“Putting a counter-bid on a Friday was in my opinion probably too late… I think the deal was already done already by then.”
Noon may become a future player in the space, but such sites typically take some time to take off, Gulati added. It typically “takes three to five years for a platform to stabilize and become something which people like,” he said.
Souq.com, founded in 2005, stocks 8.5 million items on its website and generates about 50 million monthly visits, the site’s CEO Mouchawar told Reuters. It delivers to the six Gulf Arab states and Egypt.
Mouchawar said there was scope to expand the business with Amazon and to increase the 3,000-strong workforce to boost Souq.com’s reach, without saying by how many it would rise.
“We will continue to invest in our segment and grow our markets,” he said at Souq.com’s Dubai headquarters.
Despite its young, tech-savvy population, shoppers in the Middle East still prefer to shop in stores. Online retail accounts for less than 1 percent of total sales in the Middle East, according to market researcher Euromonitor International.
“We want to figure out how to grow the team here. If we’re going to grow the business we have to grow logistics, we have to grow technical development,” Amazon Senior Vice President Russ Grandinetti said.
In a deal document seen by Reuters, Goldman said the acquisition would accelerate Amazon’s entry into “attractive Middle East countries with significant growth potential.”
After the Amazon takeover, Middle East consumers will be able to buy products available on Amazon.com through Souq.com, and Middle East merchants will have access to a wider market via Amazon’s network.
The acquisition is expected to close later this year.
Souq.com’s current shareholders include South Africa’s Naspers Ltd. and Tiger Global Management.
The Amazon deal was backed by the Dubai government, which wants to use technology to expand its regional retail footprint.
Dubai’s Crown Prince Sheikh Hamdan bin Mohammed bin Rashid Al-Maktoum said in a statement it showed the city state’s position “as a regional and global hub for the world’s biggest and leading organizations.”
Amazon’s acquisition of Souq.com is seen as significant for the Middle East’s nascent tech sector.
“This is effectively a vote of confidence in the region. You have a major American company going into a digital company in the region,” said Fadi Ghandour, founder Dubai-listed logistics firm Aramex and a prominent venture capitalist in the Middle East.
— With Reuters
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Amazon deal to buy Souq.com a ‘coming-of-age’ of Mideast ecommerce
Amazon deal to buy Souq.com a ‘coming-of-age’ of Mideast ecommerce
Israeli settlers kill 19-year-old Palestinian-American, officials and witnesses say
MUKHMAS, WEST BANK: Israeli settlers in the occupied West Bank shot and killed a Palestinian-American during an attack on a village, the Palestinian Health Ministry and a witness said Thursday.
Raed Abu Ali, a resident of Mukhmas, said a group of settlers came to the village Wednesday afternoon where they attacked a farmer, prompting clashes after residents intervened. Israeli forces later arrived, and during the violence armed settlers killed 19-year-old Nasrallah Abu Siyam and injured several others.
Abu Ali said that the army shot tear gas, sound grenades and live ammunition. Israel’s military acknowledged using what it called “riot dispersal methods” after receiving reports of Palestinians throwing rocks but denied that its forces fired during the clashes.
“When the settlers saw the army, they were encouraged and started shooting live bullets,” Abu Ali said. He added that they clubbed those injured with sticks after they had fallen to the ground.
The Palestinian Ministry of Health confirmed Abu Siyam’s death from critical wounds sustained Wednesday afternoon near the village east of Ramallah.
Abu Siyam’s killing is the latest in a surge in violence in the occupied West Bank. Israeli forces and settlers killed 240 Palestinians last year, according to the United Nations Office for the Coordination of Humanitarian Affairs. Palestinians killed 17 Israelis over the same period, six of whom were soldiers. The Palestinian Authority’s Wall and Settlement Resistance Commission said Abu Siyam was the first Palestinian killed by settlers in 2026.
Mukhmas and its surrounding area — most of which lies under Israeli civil and military administration — have become a hot spot for settler attacks, including arson and assaults, as well as the construction of outposts that Israeli law considers illegal.
The Israeli military said late Wednesday that unnamed suspects shot at Palestinians, who were later evacuated for medical treatment. It did not say whether any were arrested.
Abu Siyam’s mother told The Associated Press that he was an American citizen, making him the second Palestinian-American to be killed by Israeli settlers in less than a year.
A US embassy spokesperson said they “condemn this violence.”
Palestinians and rights groups say authorities routinely fail to prosecute settlers or hold them accountable for violence.
UN says Israel’s acts in West Bank may be ethnic cleansing
The UN human rights office on Thursday accused Israel of war crimes and said practices that displace Palestinians and alter the demographic composition of the occupied West Bank “raise concerns over ethnic cleansing.”
The Office of the High Commissioner for Human Rights, citing findings collected November 2024 to October 2025, said Israel was engaged in “concerted and accelerating effort to consolidate annexation” while maintaining a system “to maintain oppression and domination of Palestinians.”
Residents of Palestinian villages and herding communities have been increasingly displaced as Israeli settlements and outposts expand. Since the start of the Israel–Hamas war, the Israeli rights group B’Tselem says about 45 Palestinian communities have been emptied out completely amid Israeli demolition orders and settler attacks.
Additionally, the office said Israeli military operations in the northern West Bank “employed means and methods designed for warfare” including lethal airstrikes and forcibly transferring civilians from their homes. It also said Israel “forbade” residents from returning to their homes in northern West Bank refugee camps. The operation, which Israel said was aimed against militants, displaced tens of thousands of Palestinians.
The report also accused Palestinian security forces of using unnecessary lethal force in the same areas, killing at least eight people, and noted that the Palestinian Authority had engaged in “intimidation, detention and ill-treatment of journalists, human rights defenders and other individuals deemed critical of its rule.”
Neither Israel’s Foreign Ministry nor the Palestinian Authority responded to requests for comment. Israel has repeatedly accused the UN rights office of anti-Israel bias.
Last year, the UN human rights monitor warned of what it called “an unfolding genocide in Gaza” with “conditions of life increasingly incompatible with (Palestinians’) continued existence.” Their report on Thursday also warned of demographic shifts in Gaza raising concerns of ethnic cleansing.
Report finds imprisoned Palestinian journalists were tortured
The Committee to Protect Journalists said that dozens of Palestinian journalists who were detained in Israel during the war in Gaza experienced conditions including physical assaults, forced stress positions, sensory deprivation, sexual violence and medical neglect.
CPJ documented the detention of at least 94 Palestinian journalists and one media worker during the war, from the West Bank, Gaza and Israel Thirty are still in custody, CPJ said.
Half of the journalists, the report found, were never charged with a crime and were held under Israel’s administrative detention system, which allows for suspects deemed security risks to be held for six months and can be renewed indefinitely.
Israel’s prison services did not immediately respond to a request for comment about the report, but rejected a similar report in January about conditions for Palestinian prisoners as “false allegations,” contending it operates lawfully, is subject to oversight and reviews complaints.
UN development chief says removing Gaza rubble will take 7 years
The vast destruction across Gaza will take at least seven years just to remove the rubble, according to the United Nations Development Program.
Alexander De Croo, the former Belgian prime minister who just returned from Gaza, said that the UNDP had removed just 0.5 percent of the rubble and people in Gaza are experiencing “the worst living conditions that I have ever seen.”
De Croo said 90 percent of Gaza’s 2.2 million people live in “very, very rudimentary tents” in the middle of the rubble, which poses health dangers and a danger from exploding weapons.
He said UNDP has been able to build 500 improved housing units, and has 4,000 more that are ready, but estimates the true need is 200,000 to 300,000 units. The units are meant to be used temporarily while reconstruction takes place. He called on Israel to expand access for goods and items needed for reconstruction and the private sector to begin development.
Raed Abu Ali, a resident of Mukhmas, said a group of settlers came to the village Wednesday afternoon where they attacked a farmer, prompting clashes after residents intervened. Israeli forces later arrived, and during the violence armed settlers killed 19-year-old Nasrallah Abu Siyam and injured several others.
Abu Ali said that the army shot tear gas, sound grenades and live ammunition. Israel’s military acknowledged using what it called “riot dispersal methods” after receiving reports of Palestinians throwing rocks but denied that its forces fired during the clashes.
“When the settlers saw the army, they were encouraged and started shooting live bullets,” Abu Ali said. He added that they clubbed those injured with sticks after they had fallen to the ground.
The Palestinian Ministry of Health confirmed Abu Siyam’s death from critical wounds sustained Wednesday afternoon near the village east of Ramallah.
Abu Siyam’s killing is the latest in a surge in violence in the occupied West Bank. Israeli forces and settlers killed 240 Palestinians last year, according to the United Nations Office for the Coordination of Humanitarian Affairs. Palestinians killed 17 Israelis over the same period, six of whom were soldiers. The Palestinian Authority’s Wall and Settlement Resistance Commission said Abu Siyam was the first Palestinian killed by settlers in 2026.
Mukhmas and its surrounding area — most of which lies under Israeli civil and military administration — have become a hot spot for settler attacks, including arson and assaults, as well as the construction of outposts that Israeli law considers illegal.
The Israeli military said late Wednesday that unnamed suspects shot at Palestinians, who were later evacuated for medical treatment. It did not say whether any were arrested.
Abu Siyam’s mother told The Associated Press that he was an American citizen, making him the second Palestinian-American to be killed by Israeli settlers in less than a year.
A US embassy spokesperson said they “condemn this violence.”
Palestinians and rights groups say authorities routinely fail to prosecute settlers or hold them accountable for violence.
UN says Israel’s acts in West Bank may be ethnic cleansing
The UN human rights office on Thursday accused Israel of war crimes and said practices that displace Palestinians and alter the demographic composition of the occupied West Bank “raise concerns over ethnic cleansing.”
The Office of the High Commissioner for Human Rights, citing findings collected November 2024 to October 2025, said Israel was engaged in “concerted and accelerating effort to consolidate annexation” while maintaining a system “to maintain oppression and domination of Palestinians.”
Residents of Palestinian villages and herding communities have been increasingly displaced as Israeli settlements and outposts expand. Since the start of the Israel–Hamas war, the Israeli rights group B’Tselem says about 45 Palestinian communities have been emptied out completely amid Israeli demolition orders and settler attacks.
Additionally, the office said Israeli military operations in the northern West Bank “employed means and methods designed for warfare” including lethal airstrikes and forcibly transferring civilians from their homes. It also said Israel “forbade” residents from returning to their homes in northern West Bank refugee camps. The operation, which Israel said was aimed against militants, displaced tens of thousands of Palestinians.
The report also accused Palestinian security forces of using unnecessary lethal force in the same areas, killing at least eight people, and noted that the Palestinian Authority had engaged in “intimidation, detention and ill-treatment of journalists, human rights defenders and other individuals deemed critical of its rule.”
Neither Israel’s Foreign Ministry nor the Palestinian Authority responded to requests for comment. Israel has repeatedly accused the UN rights office of anti-Israel bias.
Last year, the UN human rights monitor warned of what it called “an unfolding genocide in Gaza” with “conditions of life increasingly incompatible with (Palestinians’) continued existence.” Their report on Thursday also warned of demographic shifts in Gaza raising concerns of ethnic cleansing.
Report finds imprisoned Palestinian journalists were tortured
The Committee to Protect Journalists said that dozens of Palestinian journalists who were detained in Israel during the war in Gaza experienced conditions including physical assaults, forced stress positions, sensory deprivation, sexual violence and medical neglect.
CPJ documented the detention of at least 94 Palestinian journalists and one media worker during the war, from the West Bank, Gaza and Israel Thirty are still in custody, CPJ said.
Half of the journalists, the report found, were never charged with a crime and were held under Israel’s administrative detention system, which allows for suspects deemed security risks to be held for six months and can be renewed indefinitely.
Israel’s prison services did not immediately respond to a request for comment about the report, but rejected a similar report in January about conditions for Palestinian prisoners as “false allegations,” contending it operates lawfully, is subject to oversight and reviews complaints.
UN development chief says removing Gaza rubble will take 7 years
The vast destruction across Gaza will take at least seven years just to remove the rubble, according to the United Nations Development Program.
Alexander De Croo, the former Belgian prime minister who just returned from Gaza, said that the UNDP had removed just 0.5 percent of the rubble and people in Gaza are experiencing “the worst living conditions that I have ever seen.”
De Croo said 90 percent of Gaza’s 2.2 million people live in “very, very rudimentary tents” in the middle of the rubble, which poses health dangers and a danger from exploding weapons.
He said UNDP has been able to build 500 improved housing units, and has 4,000 more that are ready, but estimates the true need is 200,000 to 300,000 units. The units are meant to be used temporarily while reconstruction takes place. He called on Israel to expand access for goods and items needed for reconstruction and the private sector to begin development.
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