Souq.com now has a new name.
It's now Amazon.ae.
It comes two years after Amazon bought the Dubai-based e-commerce company for more than AED 2.1 billion.
Shoppers who type in the Souq.com URL are now automatically redirected to Amazon.ae.
Speaking to Dubai Eye 103.8's Business Breakfast, Ronaldo Mouchawar, CEO & Co-founder - Souq, Vice President - Amazon MENA, talks about what changes people can expect.
He talks about the reason behind dropping the name Souq.
Weaponising Strait of Hormuz is an act of economic terrorism: Sultan Al Jaber
Weaponising the Strait of Hormuz is an act of economic terrorism with global impact far beyond energy markets, asserted Dr. Sultan bin Ahmed Al Jaber, Minister of Industry and Advanced Technology, while addressing CERAWeek in Houston, Texas.
IEA consulting with governments on further oil stock releases, chief Birol says
The International Energy Agency is consulting with governments in Asia and Europe on the release of more stockpiled oil "if necessary" due to the Iran war, Executive Director Fatih Birol said on Monday.
Dollar rises as escalating Middle East tensions spur haven demand
The dollar rose on Monday as escalating retaliatory threats in the Middle East conflict curbed risk appetite and lifted demand for safe-haven assets.
Business leaders highlight Dubai’s resilience amid global developments
Chairpersons of several country business councils operating under the Dubai Chamber of Commerce say the emirate is reinforcing its global reputation for resilience and agility amid global challenges.
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