Global e-commerce and technology company Amazon has agreed to acquire United Arab Emirates-based online retailer SOUQ.com from various investors including Tiger Global Management, Naspers, International Finance Corporation (IFC), Standard Chartered Private Equity (SCPE) and Baillie Gifford. SOUQ.com is an online retail and marketplace platform focused on the Arab world, with localized operations in Saudi Arabia, Egypt and United Arab Emirates. Financial details of the transaction, which is subject to closing conditions and expected to close in 2017, were not disclosed.