Author Archives: Laith Abu-Ragheb

Mudassir Sheikha, the Cofounder of Careem

Careem and the Irresistible Rise of Ride-Hailing

Despite coming up against regulatory hurdles and protests from taxi drivers, the cofounder of Careem says his ride-hailing platform is in Jordan to stay. By Laith Abou-Ragheb Mudassir Sheikha, the cofounder of Careem, the Dubai-based ride-hailing platform, made a flying…

The Kharabeesh Team

Kharabeesh: There’s Money in Funny

Wamda Capital, Endeavor Catalyst Fund, and Dash Ventures recently teamed up to invest $5 million in Kharabeesh, the multi-channel network best known for its popular online comedy videos. The network, which helped launch the careers of such stars as Rajae…

Arab Bank

Jordanian Investors Poised to Buy Saudi Oger’s Stake in Arab Bank

A Jordanian consortium has lodged a bid for Saudi Oger’s 20 percent stake in the Arab Bank after Saudi Arabia’s Fawaz Alhokair family withdrew its own $1.1 billion offer, Reuters reported citing banking sources. A deal with investors led by…

Intaj CEO Nidal Bitar

The State of the Sector

Even though times are tough for Jordan’s tech sector, Intaj CEO Nidal Bitar says the future remains bright for his members. Intaj, the association that represents Jordan’s tech sector, has organized this year’s MENA ICT forum. The high profile event was held…

Careem app

Careem Aims to Recruit 10,000 Drivers by 2018

Fast-growing ride-hailing service Careem said it’s aiming to hire 10,000 drivers in Jordan by 2018, despite encountering regulatory problems in the Kingdom. The Dubai-based startup said it also planned to hire a further 2,000 employees to operate a new regional…

vision 2030-Saudi Arabia

Venture Explains: Saudi Arabia’s Vision 2030

What is it? Plunging oil prices since mid-2014 have pushed Saudi Arabia to produce Vision 2030, a far reaching reform plan unveiled earlier this year that aims to wean the kingdom’s economy off its reliance on oil, which the government…

Social Media Influencers

The Rise of Influencer Marketing

In a bid to reach young, tech-savvy consumers, brands in Jordan are increasingly partnering with social media influencers with armies of loyal online followers. By Laith Abou-Ragheb The advertising industry’s switch to online is picking up pace around the world,…

IFA

IFA 2016 Special

The IFA is one of the world’s biggest and most closely-watched consumer electronics shows. Here are just some of the great products that were on display at the 2016 edition held in Berlin last month. By Laith Abou-Ragheb   Acer…

Queen Alia International Airport (QAIA)

QAIA: Ready for Lift Off

Now that the second phase of the multimillion-dollar project to expand Queen Alia International Airport (QAIA) is complete, Jordan’s main gateway to the world will be able to smoothly handle rising traffic demand for years to come. By Laith Abou-Ragheb…

The Alt-Right

Venture Explains: The Alt-Right

The term alt-right, short for alternative right, was first coined by self-described American white nationalist intellectual Richard Spencer. The movement’s libertarian, anti-elitist, overwhelmingly male supporters say it represents a backlash against stifling mainstream political correctness and a sclerotic conservative establishment…