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By Alexander Cornwell
DUBAI, March 27 (Reuters) - Dubai's Emaar Malls, operator of the Middle East's most glitzy shopping malls, has made an $800 million offer for Middle Eastern online retailer Souq.com, potentially setting up a bidding war with Amazon.com Inc.
The bid has so far not been accepted by Souq.com's shareholders, Emaar Malls said in a bourse statement on Monday.
Reuters reported last week that Amazon had agreed in principle to buy Souq.com. Amazon declined to comment, and a spokesperson for Souq.com did not respond to a request for comment.
Emaar Malls, operator of the Dubai Mall, is the retail unit of Dubai's largest publicly traded property developer Emaar Properties.
Chairman Mohammed Alabbar has been increasingly focusing on e-commerce. He has raised $1 billion, including from Saudi Arabia's Public Investment Fund, to set up regional e-commerce company Noon.
Alabbar has also bought into regional logistics firm Aramex and bought 4 percent of Italian online retailer Yoox Net-a-Porter for 100 million euros in April.
Souq.com's shareholders include South Africa’s Naspers Ltd who told Reuters on Saturday it holds a 36.4 percent stake in the company. Tiger Global Management also has a stake in Souq.com.
Naspers could not be immediately reached for comment on Monday. (Editing by Saeed Azhar and Susan Thomas)

Port Update :

NPN + 46 % (71 % of Port)   
CCO - 7 % (21 % of Port)     
PPC  +13 % (2 % of Port)       

Port 2.

BIL + 25 % (92 % of Port)

0700 223.60
0.27%

CAPC 285.50
-0.52%

BHP 24.29
0.41%

DJ Futures 07:28 20646.00 58.00 0.28%
 
DJ Ind 23/03 20656.58 -4.72 -0.02%
 
SP 500 23/03 2345.96 -2.49 -0.11%
 
Nasdaq 23/03 5817.69 -3.95 -0.07%
 
FTSE 100 23/03 7340.71 15.99 0.22%
 
DAX 23/03 12039.68 135.56 1.14%
 
CAC40 23/03 5032.76 38.06 0.76%
 
Nikkei 07:28 19244.79 159.48 0.84%
 
Shanghai 07:28 3245.58 -2.97 -0.09%
 
Hang-Seng 06:28 24308.63 -19.07 -0.08%

Gold $ 07:30 1243.19 -.99 -0.08%
 
Gold R 07:30 15532.17 31.30 0.20%
 
Gold R/kg 07:30 498807 418 0.08%
 
Silver $ 07:30 17.5790 0.0300 0.17%
 
Platinum $ 07:30 957.14 -1.36 -0.14%

Brent Crude 07:28 50.71 0.07 0.14%
 
USD / ZAR 07:30 12.4938 0.0344 0.28%

EUR / USD 07:30 1.0763 -0.0018 -0.17%

 

Sorry did I say Red Day? I meant Red Day

0700 224.00
-2.10%

CAPC 294.33
-0.09%

BHP 23.92
-2.92

DJ Futures 07:28 20582.00 -45.00 -0.22%
 
DJ Ind 21/03 20668.01 -237.85 -1.14%
 
SP 500 21/03 2344.02 -29.45 -1.24%
 
Nasdaq 21/03 5793.83 -107.70 -1.82%
 
FTSE 100 21/03 7378.34 -51.47 -0.69%
 
DAX 21/03 11962.13 -90.77 -0.75%
 
CAC40 21/03 5002.43 -9.73 -0.19%
 
Nikkei 07:38 19083.86 -372.02 -1.91%
 
Shanghai 07:28 3236.21 -25.40 -0.78%
 
Hang-Seng 06:28 24251.14 -341.98 -1.39%

Gold $ 07:39 1245.14 .79 0.06%
 
Gold R 07:40 15785.00 20.00 0.13%
 
Gold R/kg 07:38 508137 1467 0.29%
 
Silver $ 07:40 17.5160 0.0140 0.08%
 
Platinum $ 07:39 970.20 2.17 0.22%

Brent Crude 07:28 50.79 -0.97 -1.87%
 
USD / ZAR 07:39 12.6927 0.0283 0.22%

EUR / USD 07:39 1.0802 -0.0004 -0.04%

Port Update :

NPN + 45 % (70 % of Port)   
CCO - 3 % (22 % of Port)     
PPC  +13 % (2 % of Port)       

Port 2.

BIL + 34 % (92 % of Port)

u got to be sh|tting me, u do a study and this is what u get, "By contrast, research by the Council for Industrial and Scientific Research last year found that shale gas exploration in the Karoo would create only between 60 and 900 jobs" 60 to 900 ? even Frikkie will do a better assessment.

Commodity prices up, usually the Rant strengthens ?