Tuesday 31 May 2016
 
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Souq

StanChart invests in Souq.com

Standard Chartered Private Equity (SCPE), the private equity arm of the bank, has made a $50 million equity investment, as part of a $275 million consortium, for a minority stake in online retailer Souq.com. The investment will support

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New Souq Al Haraj set to open in Sharjah

The new Souq Al Haraj in Sharjah, a premier destination for pre-owned car shoppers in the region, is set to open on January 14.   Located in Al Ruqa Al Hamra, the souq aims to support the used car industry and bo

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IFC invests $27m in e-commerce platform Souq

International Finance Corporation (IFC), a member of the World Bank Group, and IFC Asset Management Company are investing $27 million in Souq, the largest e-commerce platform in the Middle East and North Africa (Mena). IFC is the

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World Bank unit boosts UAE e-commerce investment

IFC, a member of the World Bank Group, and the IFC Asset Management Company are investing $27 million in Souq, one of the largest e-commerce platform in the Middle East and North Africa (Mena). The investment will support the comp

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Souq.com launches OnePlus online brand store

Souq.com, a leading online retailer in the Middle East, has partnered with OnePlus, an innovative Smartphone manufacturer, to launch its first online brand store in the UAE and Saudi Arabia. The brand store will offer OnePlus fans

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InnJoo unveils new Fire series smartphones in UAE, Saudi

InnJoo, a Dubai-based technical start-up well known by its recently launched flagship model ONE, has unveiled its brand new Fire series of smartphones in the UAE and Saudi Arabia. The series has two versions and both the devices h

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Souq Extra selects Yardi system for UAE retail centres

Souq Extra, an integrated property group, has selected Yardi’s Voyager 7S to manage its SouqExtra! centre portfolio. Established in 2007, Souq Extra has developed five SouqExtra! centres across three distinct UAE markets, re

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Souq Extra selects Yardi system for UAE retail centres

Souq Extra, an integrated property group, has selected Yardi’s Voyager 7S to manage its SouqExtra! centre portfolio. Established in 2007, Souq Extra has developed five SouqExtra! centres across three distinct UAE markets, re

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Bahraini developer unveils Suq theme mall

A new suq-themed mall, being built by Bahraini developer Delmon Gate at an investment of BD1.5 million ($3.95 million), is attracting a lot of interest from Bahrainis looking for medium-sized shopping spaces. The firm is showcasin

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Al Areen to unveil '1001 Nights Souq'

Bahrain’s Al Areen Palace & Spa, in association with Eub2b promotions, will unveil a ‘journey through time’ unique souq experience next month. The “1001 Nights Souq”, an Aladdin-style medieval themed ma

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