Tag: Dubai

Struggling Yahoo to End Middle East Presence in April

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…

investment

Spotting Opportunities

Everyone agrees the coming year will be a tough one for the region’s economies. But some countries will fare much better than others because their decision makers were bold enough to seek out new opportunities and act upon them. By…

Several International Brands Planning to Pull Out of Jordan

Several international clothing brands are preparing to leave Jordan due to falling sales in a retail market increasingly weighed down by rising taxes and reduced disposable income among consumers, the head of the Textile and Ready-Made Garments Syndicate said. While…

Samsung Bids to Boost B2B Sales

In a marked shift away from its usual focus on consumer electronics, Samsung organized an event in Amman last month to show off its latest range of business products. Anood Haddad, the tech giant’s MENA regional marketing manager, said the…

Dubai Diversified

Dubai is a great example of how global cities can adapt and thrive in uncertain times. By Nader Museitif Global cities, just like global companies, find it difficult to ride an economic boom and avoid the subsequent cooling off period. Economies…

Jordanians Have Visa-Free Access to 44 Countries – Report

Jordanian passport holders can visit 44 countries around the world without the need for a visa, according to the annual Henley & Partners Visa Restrictions Index. Emirati passport holders fared best in the region in terms of visa-free travel, with…

Iran Nuclear Deal Set to Boost Dubai Economy

Iran’s nuclear deal with world powers is expected to create a raft of trade and investment opportunities for Dubai, which is widely seen as Tehran’s stepping stone to global markets. Iran’s nuclear deal, announced on July 14, allows Tehran to…

Jordanian Property Buyers in Dubai: the Reality Behind the Stats

Even though the statistics show Jordanians are snapping up millions of dollars worth of Dubai real estate, it doesn’t mean cash is flooding out of Jordan to do so. By Jawad J. Abbassi Dubai’s property market has rebounded well from…

Online Encyclopedia Mawdoo3 Receives $1.5 Million in Funding

Online Arabic content was given a boost last month with the announcement that Jordanian startup Mawdoo3—a Wikipedia-like online Arabic encyclopedia—received $1.5 million in Series A funding from Dubai-based investor EquiTrust. Initially founded as a student project in 2010, Mawdoo3 quickly…