How did Souq start?

2005: Ronaldo Mouchawar co-founded souq.com in 2005 as an auction site linked to Maktoob alongside Jabbar Internet Group's Samih Toukan and Hussam Khoury. August 25, 2009: Yahoo acquires Arab portal Maktoob. 2011: souq.com's business model was switched to become an online marketplace similar to Amazon.

What is the history of Souq?

Souq Waqif was originally a weekly market for local Bedouins. The Souq acquired its name "Waqif," which means "standing" in English because merchants stood up to peddle their goods spaces were small, making it impossible to sit on either side of Msheireb Valley (Alraouf, 2012; Tichar, 2010;Atar and Abdullah, 2006).

Who started Souq?

Son of a merchant from Aleppo, Syria, Ronaldo Mouchawar built a company in 2005 which was to make history. He founded the largest online marketplace of the Arab world – Souq.com.

How did Ronaldo Mouchawar start his company?

He began his career working in Boston-based engineering firms. He then joined Maktoob, which was later acquired by Yahoo, and launched Souq.com in 2005 as an online auction site in order to monetise the company.

When did Souq start in Egypt?

Souq.com was founded in 2007 by Ronaldo Mouchawar, Samih Toukan, and Hossam Khoury, and it became one of the largest players in the e-commerce sector, and began providing its services in Egypt in 2010.

The Story of Souq.com: How to Build the Largest E-commerce Platform:

How much did souq sell for?

Amazon paid $580 million in cash for Souq, according to filings. Bloomberg previously reported that Amazon was in discussions over an investment at a valuation in excess of $1 billion but, amid rivalry from Emaar's ambitious Noon.com project and others, an acquisition agreement was reached.

What is Egypt oldest site?

Located some 30 km (19 mi) south of modern-day Cairo, Saqqara covers an area of around 7 by 1.5 km (4.3 by 0.9 mi). Saqqara contains the oldest complete stone building complex known in history, the Pyramid of Djoser, built during the Third Dynasty.

Who designed CR7 logo?

CR7 Logo Concept designed by BRANDGLOW Studio - Branding & Graphic Design. Connect with them on Dribbble; the global community for designers and creative professionals.

Which club Ronaldo owns?

He is the owner of Brasileiro Série A club Cruzeiro and owner and president of Segunda Division club Real Valladolid. Nicknamed O Fenômeno ('The Phenomenon') and R9, he is considered one of the greatest players of all time.

How much did Amazon pay for Souq?

Amazon paid $580 million in cash for the Dubai-based online retailer, according to an SEC filing in April spotted by TechCrunch. An initial integration between the two companies allows users to sign in to Souq with their Amazon credentials.

Is it Souq or souk?

A souq or souk (also spelled soq, souk, esouk, suk, sooq, souq, or suq) is an open-air marketplace or commercial quarter in an Arab, or Berber city. A souk or souq is a free-market where vendors can say the going market price for their products. The term is often used for the market in any Arab or Muslim city.

What is Souq in Arabic?

souq (plural souqs) A street market, particularly in Arabic- and Somali-speaking countries; a place where people buy and sell goods.

Why did Amazon buy Souq?

Seeking global world domination in the ecommerce marketplace, Amazon acquired Souq.com, a similar company with Middle Eastern origins. Souq.com is credited for not just proving the viability of the ecommerce channel in the region, but also in developing best practices that drive conversion rate optimization.

Why did Souq sell to Amazon?

And so on face value, there's acquisition for the sake of gaining customers, vendors, talent and trust. Other reasons probably informed this buy. Risk mitigation would be another one. Amazon now has direct access to Souq.com's 75,000 merchants, who sell two million products across 30 categories.

When did Amazon buy Souq?

On March 28th 2017, Amazon.com (Amazon) entered the Middle East market by confirming that it had acquired Souq.com (Souq), an e-Commerce marketplace, which called itself 'the Amazon of the Middle East'.

Is Messi worth more than Ronaldo?

Cristiano Ronaldo is the highest-paid footballer in the world in 2023, earning more than the likes of Lionel Messi and Neymar during the past 12 months, according to Forbes.

Who earns more Messi or Ronaldo?

Cristiano Ronaldo is the highest-paid soccer player in the world with an estimated $260 million income in 2023. He returns to the top spot after being dethroned by Kylian Mbappé last year and had a four-year run from 2014-2017.

What clubs does David Beckham own?

David Robert Joseph Beckham OBE (/ˈbɛkəm/ BEK-əm; born 2 May 1975) is an English former professional footballer, the president and co-owner of Inter Miami and co-owner of Salford City.

Why is CR7 called CR7?

What does CR7 mean? The nickname CR7 is a simple combination of Ronaldo's initials and his favoured number: C ristiano R onaldo plus the number 7 .

Why was CR7 named Ronaldo?

But Portugal's all time record goal scorer - full name Cristiano Ronaldo dos Santos Aveiro - was given part of his name after Ronald Reagan. Funnier still is that despite CR7 being born while Reagan was American president, the name was inspired by the fact that he was Ronaldo's father's favourite actor.

Does Ronaldo own CR7?

The CR7 brand is Cristiano Ronaldo's personal brand, which encompasses a range of products including clothing, footwear, fragrance, eyewear, and accessories. The brand was launched in 2006 and has since grown into a global fashion and lifestyle brand.

Is Egypt older than China?

Though the ancient Chinese rank high among the world's oldest civilisations (2000 BC), the development of a united China came almost 1100 years after the ancient Egyptians (3100 BC). Mesopotamia (4000 BC), Egypt (3100 BC) and the Indus Valley civilisations (3300 BC) all significantly pre-date ancient China.

Is Egypt 5000 years ago?

Pharaonic Egypt

The recorded history of Nile Valley civilization begins more than 5,000 years ago, with the Palette of Narmer, a stone tablet that dates from 3100 BC. The tablet states that Narmer, also known as Menes, is the first pharaoh to unite the kingdoms of Upper (Southern) and Lower (Northern) Egypt.

Is Egypt older than Greece?

Ancient Greece goes back to Mycenaean culture of the second half of the second millennium BC. However, Egyptian civilization is much earlier than that: in the mid-second millennium BC, it was at its height (the “New Kingdom”), but its origins go right to the third millennium BC, or even earlier.