Amazon has had its eye on the Middle East for some time. It has agreed to buy the region's biggest e-commerce platform, Souq.com. Mouchawar estimates online shopping in the Middle East was worth $20 billion in 2016. When Souq started out, e-commerce was virtually unknown in the Middle East. Now it has 3,000 workers across the Arab world and sells more than 8 million products in 31 categories.

Source: Egypt Independent March 28, 2017 09:00 UTC