Amazon reaches deal to acquire Middle East e-commerce site Souq.com
E-commerce giant Amazon announced Tuesday plans to expand its presence in the Middle East. The U.S. firm is buying the largest online retail platform in the Arab world Souq.com for an undisclosed amount. Souq.com reportedly attracts over 45 million visits per month. Russ Grandinetti, Amazon senior vice president, said in a statement: "Souq.com pioneered...