Prøve GULL - Gratis
Souq Says No Expansion Planned For Now Due To 'Untapped' GCC+Egypt Potential
Gulf Business
|December 2017
Dubai-based online shopping site Souq.com is not looking to expand beyond its Gulf Cooperation Council plus Egypt footprint under new parent Amazon, according to its CEO.
When the Amazon deal was first announced some had speculated the estimated $650m acquisition completed in July could see Souq.com rapidly expand into new Middle East and North Africa markets.
However, speaking to Gulf Business, Ronaldo Mouchawar indicated a more conservative approach was instead being adopted.
“We’re kind of staying within the GCC plus Egypt because we feel there is still a lot of untapped potential within these markets and a lot to do to improve overall the shopping online and penetration in our sector,” he said.
Denne historien er fra December 2017-utgaven av Gulf Business.
Abonner på Magzter GOLD for å få tilgang til tusenvis av kuraterte premiumhistorier og over 9000 magasiner og aviser.
Allerede abonnent? Logg på
FLERE HISTORIER FRA Gulf Business
Gulf Business
Green lights
It hasn’t even been a full year that Stellantis, one of the world’s biggest auto companies, has been in existence. Still, its wheels are spinning furiously. Here’s what it has in store for the region
6 mins
December 2021
Gulf Business
Purpose through corporate responsibility
Every organisation must deeply reflect about whether they are leaving behind a legacy or a liability, says Abdulaziz AlSowailim, EY MENA chairman and CEO
5 mins
December 2021
Gulf Business
Analysing the layers of a coconut
When we have a sense of clarity as to our purpose in life, then we institute the correct practices and habits around us, and set realistic and achievable results
3 mins
December 2021
Gulf Business
DUNES TO DOMINION
FOR A COUNTRY RICH IN TRADITION AND DRIVEN BY AMBITION, THE UAE’S JOURNEY DURING THE PAST 50 YEARS HAS BEEN UNPRECEDENTED. WHAT’S IN STORE FOR THE NEXT 50?
9 mins
December 2021
Gulf Business
Building strong
International investors are boosting Dubai’s residential property market, which has rebounded strongly from the Covid crisis, writes Aarti Nagraj
3 mins
December 2021
Gulf Business
CHASING THE AMERCIAN DREAM
FOR SHAI ZAMANIAN, THE US IS A LAND OF LIMITLESS POSSIBILITIES, AN AVENUE HE AIMS TO OPEN FOR FAMILIES WORLDWIDE VIA IMMIGRATION. HERE’S HOW HE IS BRINGING HIS GOAL TO FRUITION
6 mins
December 2021
Gulf Business
OBITUARY: JOCELYN HENDERSON (1921-2021)
THE GRANDE DAME OF ABU DHABI – THE WIFE OF A FORMER DIPLOMAT – PASSED AWAY IN THE UAE CAPITAL AGED 100
3 mins
December 2021
Gulf Business
THE DIGITAL DISRUPTORS
IN THE COMING YEARS, THE GCC IS EXPECTED TO PLAY A SIGNIFICANT ROLE IN SECTORS SUCH AS HEALTHCARE, MANUFACTURING, EDUCATION AND RETAIL, WHICH WILL HELP BOOST THE GROWTH OF ITS NON-OIL ECONOMY
7 mins
December 2021
Gulf Business
Signed, sealed, delivered
Nicolas Baretzki, CEO of Montblanc, partnered with one of the world’s most recognisable luxury brands, Ferrari, earlier this year. Here’s where the partnership, and the German company as well, is headed next
6 mins
December 2021
Gulf Business
UP, UP AND AWAY
AS THE FIRST IN-PERSON AIRSHOW TO TAKE PLACE SINCE THE OUTBREAK OF THE PANDEMIC, THE EVENT SAW SEVERAL DEALS ANNOUNCED
4 mins
December 2021
Translate
Change font size