Amazon is weighing a bid for a stake in Dubai-based online retailer Souq.com FZ as the e-commerce giant seeks to expand in the Middle East, according to people with knowledge on the matter. The stake, representing at least 30% of the company, is also drawing interest from private equity firms and regional, family-owned companies seeking to expand into web sales, the source said, asking not to be identified as the information is private. Souq.com’s advisers reached out to a large number of potential bidders for the holding, which may value the company at least USD1.2bn, the people said. (Bloomberg)