Tag: E-commerce

Thinking Critically

Education: Thinking Critically

Which challenge should be considered the most vital and pressing given the current circumstances the region finds itself in? This question was posed to an audience at last month’s WEF meeting in Jordan. Most voted that reform was most needed…

Rasha Manna, the Managing Director of Endeavor Jordan on challenges facing startups

Start up Jordan

Rasha Manna, the managing director of the entrepreneur support group Endeavor Jordan, lays out the challenges facing the Kingdom’s startups, and what it takes to overcome them. The one major difficulty Endeavor faces in Jordan is pipeline—finding companies that meet…

Hector Rodriguez, Regional Risk Officer, CEMEA, Visa

Visa: Prioritizing Payment Safety

When it comes to the future of e-commerce in Jordan, Visa’s regional risk officer believes growth and security must go hand in hand. By Dina Al Wakeel Visa organized a forum on risk management in Amman last month to examine…

Ronaldo Mouchawar, Souq.com CEO

Amazon Scoops up Souq.com

Internet giant Amazon has decided to enter the Middle East’s nascent e-commerce market by striking a deal to buy Dubai-based online retailer Souq.com. The announcement of the deal, which was reportedly worth around $650 million, ended months of speculation about…

Aramex Posts Bumper Results

Aramex reported that its full-year profit for 2016 surged 37 percent to JD82.4 million, fuelled largely by the growing popularity of e-commerce and a string of recent investments. The Dubai-based logistics giant, whose revenues also leapt 16 percent to JD838.7…

MEPS CEO Khaled Zakaria

Pushing Forward With E-Payments

The boss of MEPS says he’s committed to making regional e-payment systems safer and more convenient to use. Owned by 11 local and regional leading banks and companies, Middle East Payment Services, or MEPS for short, provides a selection of…

souq.com

Souq.com Plans IPO at $1.2 Billion Value – Report

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…

Oasis500’s new CEO, Faisal Hakki

A Leg Up to the Next Level

The newly installed CEO of Oasis500 aims to provide greater post-acceleration support for startups. By Rebecca Irvine Since its establishment in 2010, Oasis500 has graduated several well known Jordanian companies, including ArabiaWeather, e-payment platform MadfooatCom, and book seller Jamalon. Oasis500’s…

Abdel Kareem Friehat, the head of operations and IT at Jordan Kuwait Bank

JKB Betting Big on Fintech

Rather than viewing growing interest in Fintech as a threat, many traditional high-street banks are trying to embrace the digital future. Abdel Kareem Friehat, the head of operations and IT at Jordan Kuwait Bank, said his bank is investing heavily…

Providing SMEs with finance

Facilitating Finance

Jordan is intensifying efforts to provide support for startups and SMEs by easing access to financing. Despite some continued obstacles to obtaining conventional bank finance, rising public and private investment in tech companies is contributing to a growing optimistic outlook…