Amazon Officially Confirms Acquisition of SOUQ.com

amazon acquires souq

Amazon has officially acquired SOUQ.com. In a press release posted today, the American ecommerce and cloud computing company has announced that it has finally reached an agreement to acquire the Dubai-based ecommerce platform, SOUQ.com There’s …

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Value-Added Tax (VAT) to be Introduced in 2018

Starting January 1, 2018, business owners and landlords in the UAE will be required to pay a value-added tax (VAT) of five percent. The announcement was made by the country’s Federal National Council (FNC) recently. …

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