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Souq.com was the largest e-commerce platform in the Arab world.The company launched in 2005 in Dubai, United Arab Emirates. [2] On March 28, 2017, Amazon.com Inc. acquired Souq.com for $580 million as a subsidiary.
Amazon websites are country-specific (for example, amazon.com for the US and amazon.co.uk for UK) though some offer international shipping. [51] Visits to amazon.com grew from 615 million annual visitors in 2008, [52] to more than 2 billion per month in 2022. [citation needed] The e-commerce platform is the 12th most visited website in the ...
Considering Amazon’s 2020 revenue of nearly $400 billion, its 44% sales growth in the first quarter of 2021, the current market cap of $1.63.trillion — though you also have to consider the ...
Revenue (billions US$) Profit (billions US$) Assets (billions US$) Value (billions US$) Industry 1 215 International Holding Company: Abu Dhabi: 17.3 8.1 92.2 239.5 Conglomerate: 1 242 First Abu Dhabi Bank: Abu Dhabi 20.8 4.3 336.3 36.6 Banking: 3 260 Emirates Group: Dubai 20.2 5.7 234.9 28.6 Airline 4 395 TAQA: Abu Dhabi 14.2 2.0 58.0 88.8 Oil ...
Amazon reported a boost in its quarterly profits Thursday and exceeded revenue estimates, sending the company's stock up in after-hours trading. Amazon said it earned $15.3 billion, higher than ...
Amazon on Thursday reported strong revenue and profits from the summer months driven by growth in online sales and its advertising business. In a prepared statement, Amazon CEO Andy Jassy said the ...
Abu Dhabi and other UAE emirates have remained relatively conservative in their approach to diversification. Dubai has far smaller oil reserves than its counterparts. [20] Tourism is one of the biggest non-oil sources of revenue in the UAE. A massive construction boom, an expanding manufacturing base, and a thriving services sector are helping ...
The midpoint of Amazon's fourth-quarter revenue forecast - $185 billion - just missed an average analyst estimate of $186.16 billion. Luria said the company was being conservative about "what the ...