Founder & Managing Director, iMENA Group
In the rush to create the next big success in the online industry in MENA, it is useful to pause and ponder key lessons our nascent community can benefit from based on the successes (and failures) of founders and investors in developed markets, such as the US, and other emerging markets more advanced than ours, such as Latin America, and Central and Eastern Europe.
KSA's Most Wanted Cars during Ramadan 2015 Opensooq, the leading Arabic language classifieds website in the Middle East and North Africa region, published an infographic that details users' trends in regards to car buying and selling during the holy month of ...
It’s an exciting time for MENA’s online industry. While traditional industries' investors are starting to worry -due to low oil prices, a potential slowdown in construction and real-estate, and eroding margins in telecom and banking- online businesses continue to thrive, ...
iMENA Group's online restaurant reservation platform, ReserveOut, released data revealing that online channels in the region are a key driver behind the growth in the Food & Beverage sector. The number of restaurants adopting online reservations grew by a whopping 130% last year, ...
Here are the top five trends we expect to see in 2015; The rise of online media brands and advertising expenditure growth; Evolution of online financial industry regulations; Return of Egypt as a strong online market and hub for online business; Online marketplaces to disrupt more industries; Strong comebacks by traditional retailers as omni-channel e-retailers, and market entry by international retailers.
What is the single indicator related to the online market opportunity in the United Arab Emirates and Saudi Arabia that beats all other developed and developing countries? Just take a look at people in coffee shops, malls, or even at family gatherings, you'll notice immediately that everyone has a smartphone.
Online payments have been at the center of electronic commerce challenges in the Middle East and North Africa since the first regional e-commerce sites came online. The reasons aren't related to consumer trust but to the challenges and difficulties of receiving as well as paying via cards online in MENA.
A look into the regional print classifieds industry reveals that business from classifieds listings has stopped growing 2 or 3 years ago. While this may be bad news for publishers who made a bet on print classifieds, the migration of classified advertising to the Internet has been a win-win for consumers, small and medium-sized companies, and online classifieds start-ups and their investors.
During the past two years or so several marketplace categories have emerged as mature categories in the Arab world, with undisputed leaders operating efficient marketplaces and growing at record rates, all while requiring a fraction of the investment of a traditional marketplace.
If we benchmark the market potential in MENA against other markets such as Russia or South Korea where some public companies are now worth more than $25 billion in value, predicting that MENA would produce at least $10 billion of publicly listed Internet companies is not an overstatement.