Amazon is one of the world's largest retail destinations, but it doesn't have much traction in the Middle East. That's why rumors that it's looking to buy Souq.com, the Amazon of the Middle East, make so much sense. Bloomberg is reporting that Jeff Bezos and crew might spend up to $1 billion on the site to gain a foothold across Egypt, Saudi Arabia and the UAE. Neither party is talking about the deal, but if it's getting reported in an august financial publication like Bloomberg then it must be serious.