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The website was founded in 2005 [7] [8] by Ronaldo Mouchawar and was originally a consumer-to-consumer auction site part of Maktoob Group. [9] In 2010, Wisam (Sam) Daoud joined Souq from eBay as Chief Technology Officer and led the transformation of the business from auctions to a fixed price catalog based business similar to Amazon.com. [10]
Some free zones (including ADGM, JAFZA, DMCC, RAK FTZ) allow for inward redomiciliation of foreign companies, which means a transfer of a corporate seat of an existing company from abroad to the UAE free zone. [2] There are a few Free Zones in UAE that offer Dual Business License for investors. [3]
Axiom Telecom is a technology retailer founded in 1997 by Faisal Al Bannai, with four employees at the start of its operations. [3] [4] Axiom became the official distributor for mobile consumer brands in the UAE and Saudi Arabia, including Samsung, Apple, LG, HTC, Huawei, Nokia, BlackBerry, and held the largest market share in the Middle East.
Sony removed this feature in April 2019, so third-party vendors can only sell virtual currency for PlayStation Store. [30] In May 2021, a class-action lawsuit was filed in the United States District Court for the Northern District of California alleging that because Sony maintains a monopoly on PlayStation Store, the removal of third-party ...
A Free Zone Authority offers business licenses to foreign-owned businesses. Each Free Zone is designed around one or more industry categories and only offers licenses (e.g. for a Free Zone Enterprise (FZE)), to companies within those categories. Most of the free zones in Dubai broadly offer trading, services, and industrial licenses to ...
The Ibn Battuta Mall is a shopping mall on the Sheikh Zayed Road in Dubai, UAE, close to Interchange 6 for Jabal Ali 1 in southwest Dubai. [1] It opened in 2005 and contains more than 300 stores. It is named after Ibn Battuta, a 14th-century Moroccan traveller, explorer and scholar. The mall is divided with 6 courts which is China, India ...