Souq.com, the region’s biggest online retailer, is reportedly planning to sell around a 30 percent stake that would give the company a valuation of at least $1.2 billion. The Dubai-based company has appointed Goldman Sachs to find potential buyers for…
Samih Toukan, Cofounder of Maktoob.com Date of Interview: July 2009 Maktoob, the first social network in the Arab World, was one of the first to exploit the new medium of the Internet as it was launched in the early 2000s….
Over the past decade, Souq.com has quickly risen to become the region’s largest online retailer. The company’s CEO and Founder Ronaldo Mouchawar is confident of even greater success as enthusiasm for e-commerce amongst consumers picks up pace. By Dina al-Wakeel…
Yahoo, the troubled Internet giant that famously bought Jordan’s Maktoob, said it plans to close its last remaining Middle Eastern office in April. In a statement, Yahoo said the decision to shutter its Dubai office came as part of the…
After helping shape the region’s digital landscape through Maktoob, Ahmed Nassef now has his sights set on changing the way we watch TV. By Elisa Oddone Regional Internet pioneer Ahmed Nassef, who left his senior position at Yahoo last year,…
ArabiaWeather, a leading provider of weather products, services, and solutions to consumers and businesses in the Arab World, today announced it has completed an investment round of two million dollars, led by new investor Badia Impact Fund, a venture capital…
In a move that will come as a major blow to Jordan’s ICT ambitions, Yahoo, the tech giant that bought Maktoob for millions, has announced it will be shuttering its Amman office by the end of the year. Yahoo said…
Some are concerned that Maktoob’s stellar success was a one-off. They needn’t be. Five years ago, two Jordanian entrepreneurs sold their startup to one of the largest Internet companies in the world. Appropriately named Maktoob (Arabic for “letter”), it was…