Dubai — Dubai’s Emaar Malls, operator of glitzy Middle East shopping centres, has made an $800m offer for regional online retailer, setting up a potential bidding war with Reuters reported last week that Amazon had agreed in principle to buy The US e-commerce giant declined to comment, and did not respond to e-mailed comment requests. The Emaar Malls bid had so far not been accepted by’s shareholders, the company said in a bourse statement on Monday. SA’s Naspers, which told Reuters it held a 36.4% stake in, declined to comment. Tiger Global Management also has a stake in The Emaar Malls bid is the latest move by Dubai billionaire Mohammed Alabbar, who chairs Dubai’s largest publicly listed developer Emaar Properties. Emaar Malls is the retail unit of Emaar Properties. Alabbar in 2016 raised $1bn from regional investors, including Saudi Arabia’s Public Investment Fund, to set up his own Middle East e-commerce firm N...

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