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E-commerce

Ecommerce trends in the Middle East: stats

September 2, 2015 Source: Zawya N.984

The ecommerce part of our massive, monthly-updated, Internet Statistics Compendiumsaw a wealth of fresh data and trends hit its pages this week.

 

 

September 17, 2015 Source: Zawya N.986

dubizzle is now OLX

dubizzle rebranded its platforms to OLX and changed the web domain to www.olxliban.com A new app called 'OLX Arabia' is available for download.


dubizzle has been part of the OLX family and has been sharing the same values since 2013. With this change, it has fully become part of OLX.

Amazon rolls out $49.99 'mass market' tablet, new Fire TV

September 17, 2015 Source: Gulf News N.985

San Francisco: Amazon.com introduced on Thursday a $49.99 tablet, a price tag analysts said was low enough to set it apart in a crowded market and draw more customers to its online services.

 

The new Fire tablet, one of several new and upgraded devices launched by Amazon, comes with a screen that measures 7 inches (17 cm) diagonally and a front-and-back camera. It will start shipping on Sept. 30

Amazon's 'Dash' button now effectively free

September 2, 2015 Source: Zawya N.984

The company's Prime members can now buy the button for $4.99 and get the amount discounted on their first purchase using the button, the e-commerce giant said on Wednesday. 

The button will now be available to all Prime members - those paying $99 a year for two-day delivery and other benefits. 

Dubai tops number of online shoppers in the UAE

September 10, 2015 Source: Business Intelligence N.983

UAE. Dubai is home to the highest number of online shoppers in the UAE despite having the world’s largest number of malls. That’s the result of a survey conducted by shopping platform awok.com, which tracks online retail trends throughout the country.

Huawei to launch regional e-commerce site in October

September 10, 2015 Source: Gulf News N.918

Huawei, the world’s third-largest smartphone manufacturer, has invested heavily in establishing Honor as an e-brand in bid to lure the digitally savvy consumers and beat competition from other online-only Chinese makers.

 

The company has a simple business model and that is to reduce its operating costs by becoming an e-brand.

Middle East e-commerce Valued at 4.9 Billion US Dollars; Awok.com Aims for 25 Percent of UAE Online Retail Business

Aug 9 , 2015 Source: PRNewswire N.919

The rapidly evolving e-commerce in the Middle East has grown tremendously over the last decade. In May 2013, Go-Gulf designed an infographic estimating that the value of e-commerce in the Middle East in 2015 would reach 4.9 billion US dollars.

Online marketplace dubizzle UAE faces security breach

Aug 2 , 2015 Source: Gulf Business N.805

The company says only a “small percentage” of its database was breached and that all financial information is secure

 

Online marketplace dubizzle announced that its United Arab Emirates website faced a security breach affecting a “small percentage of its database.”

 

On Saturday, dubizzle sent out emails to all its customers asking them to reset their passwords.

 

Facebook Testing Buy & Sell Button

July 31 , 2015 Source: Social Times N.804

Look out, eBay andcraigslist: Here comes Facebook.

 

The social network is apparently testing a Buy & Sell button—not surprisingly, in the New Zealand city of Auckland—which takes users to a page where they can browse items that are available for sale in the area.

 

Ikon Communications paid social specialist Nick Henderson shared the screenshots above and below with SocialTimes.

What Do Abandoned Shopping Carts Tell Online Retailers?

July 27 , 2015 Source: Social Times N.803

commerce continues to revolutionize the retail industry. However, abandoned carts is one problem that could be costing online retailers more business than it should. Responding to customers who have abandoned carts has the potential to lock in the sale, but many companies are sending out weak follow ups, according to a study from TargetingMantra.

 

Paras Arora, head of product marketing atTargetingMantra, compared empty cart follow up emails from 15 different online retailers including Overstock.com,,,,,

UAE's online food ordering portal EatEasily launches Arabic service

July 25 , 2015 Source: Zawya N.802

25th July, 2015, Dubai, UAE: EatEasily.com, Dubai-based online food ordering portal, has announced its launch in Arabic language. With number of Arabic internet users continuing to increase in UAE, it's version in Arabic targets increase in user database for the website. Available on iPhone, Android and the web, EatEasily allows online users to order food for delivery from more than 750 restaurants in UAE. Founded in 2011, EatEasily has over 150,000 users in Dubai, Abu Dhabi and Sharjah.

Google unveils "buy" button, host of new shopping features

July 15 (Reuters) - Google Inc on Wednesday unveiled a new feature called "Purchases on Google," which allows shopper to buy items directly from mobile search ads. 

 

The eagerly awaited "buy" feature, which Google said it was testing with a few retailers, uses saved payment credentials from the user's Google Account for transactions.

Both Google and Facebook Inc have been stepping up efforts to advance location-based technology as consumers spend more time on smartphones. 

July 15 , 2015 Source: Zawya  N.800

Yahoo buys social shopping website Polyvore

August 01, 2015  N.792

Yahoo on Friday said it is adding to its lengthy roster of acquisitions with a deal to buy social shopping website Polyvore.

The pioneering Internet firm planned to use Polyvore to beef up the e-commerce potential of its digital magazines and other online products.

Google and Facebook look to direct online retail for growth

July 30, 2015  N.793

Google gets more than 90 per cent of its revenue from advertisements. To keep that ad revenue flowing – it accounted for more than US$16 billion out of $17.7bn in total revenue in the second quarter – Google is slowly and steadily expanding into online shopping.

 

The company on July 15 announced the launch of a Google Buy Button, which allows users to buy an item they are looking for directly from the search results page. 

Jumbo sees a rise in UAE e-commerce trends

July 13, 2015  N.617

Jumbo Electronics says it has seen a rise in confidence among UAE consumers towards paying online.

 

The firm said 60 per cent of transactions on jumbo.ae have been paid for online since it launched six months ago, as compared to the region norm of 20 per cent.

 

According to PayPal, 80 per cent of consumers in the region prefer to pay cash on delivery.

dubizzle is an OLX company

July 12, 2015  N.791

Two weeks ago (On June 28th 2015) dubizzle platforms (website and mobile app) started carrying a new message on the product that states 'dubizzle is an OLX company', the message appears underneath the dubizzle logo across the site and the mobile app.

 

This step is a testament to the amazing decade dubizzle had in this region, a success that has reached new levels, being globally recognized as part of the OLX family.

 

Check on return policies when shopping online

June 29, 2015  N.570

Pay attention to what time frames are good for returns

 

Bored on a summer evening without much to do, I ordered a watermelon-colour purse. It seemed like a great way to add some cheer to the day. Before the purse showed up in the mail, and definitely after, I realised that the colour was definitely not for me. I don’t even like watermelon, and I dress in dark, solid colours year around.

Ecommerce gets UAE’s logistics to do the heavy lifting

June 29, 2015  N.574

Its fast-track growth is recreating the dynamics of how businesses handle stocking

 

Dubai: The sheer scale of growth in UAE’s ecommerce is carrying everything in its wake ... including the logistics and warehousing sectors. Businesses are either putting up new investments to expand their in-house storage and handling capacities or subcontracting to third-parties who can do the needful. The need of the moment — and of the future — is to have the stock in hand for speedy delivery to the consumer.

UAE’s Lulu and Geant take battle for grocery customers online

June 25, 2015  N.573

The battle for grocery shoppers is about to intensify as two of the UAE’s biggest hypermarket operators, LuLu and Geant, introduce new online offerings.

 

LuLu has invested US$5 million ahead of the August relaunch of its website and the release of a new mobile app to provide a click and collect service, alongside home delivery, across all of its branches in the UAE, Qatar and Kuwait.

How safe is online shopping in the UAE?

June 23, 2015  N.571

The UAE may be a little behind other developed countries when it comes to e-commerce, however it is rapidly catching up. But, how do we know when it is safe, and when it isn’t, to shop online?

 

According to the yStats.com MENA B2C report published in March, e-commerce is expected to increase from 2 per cent of total retail sales in 2014 to 6 per cent in 2019, with sales touching the Dhs10 billion mark at the end of the five-year period.

UAE’s brick-and-mortar retail takes on e-tailers

June 23, 2015  N.572

Generous instalment plans and 0 per cent financing wins them brownie points in tight market

 

The UAE’s brick-and-mortar retailers are mounting an all-out assault against the price advantage that e-tailers have had. In a marketplace where freewheeling consumer spending has come down appreciably, the big retail chains are scoring some direct hits with their high-profile promotions and super-sweetened offers.

SOUQ.com

 N.569

Souq.com is the Middle East's largest online megastore and the largest ecommerce site in the Arab world. 

Souq.com offers a convenient and safe online shopping experience to customers across the Middle East and North Africa. Every month, Souq.com attracts more than 30 million visits and 10 million unique visitors to browse its catalogue of more than 500,000 unique products in 20 different categories, including consumer electronics, household goods, watches, perfumes, toys, and baby products. Established in 2005, Souq.com today operates both as an award-winning retail site and an online marketplace that allows SMEs,,,,

Dubai's Souq.com said to have raised $150m in fundraising round

June 23, 2015  N.546

US-based Tiger Global Management has reportedly boosted its investment in Dubai-based online retailer Souq.com during a fundraising round.

 

Bloomberg reported on Tuesday that Souq.com raised $150 million and may seek more funding as part of plans to raise $300 million, citing two people with knowledge of the matter.

House of Fraser’s online sales continue to rise

June 22, 2015  N.545

British department store House of Fraser’s like-for-like sales rose 8.1% in its first quarter driven by the performance of its e-commerce platform. House of Fraser’s online sales rose 40% during the 13 weeks to May 2, building on the 32% growth the retailer reported in its full-year results in April. 

 

In-store like-for-likes also improved during its first quarter, rising 3.1% compared with the same period last year. Additionally sales from concessions, including French Connection, Mango and Whistles increased 9%, and branded sales were up 8%.

London’s chic appeal with online fashion start-ups

June 17, 2015  N.544

Momentum keeps building up as venture capital funds pick up stakes in prospects

 

London: When Chris Morton was setting up a fashion e-commerce company five years ago, he spent a lot of time listening to online music service Spotify. He realised the web player was doing something fashion sites were not; it was curating playlists of tracks, from obscure and mainstream labels, tailored to his tastes.

UPDATE 1-Amazon offers limited free shipping on same-day delivery orders

May 28, 2015  N.412

May 28 ( Reuters ) - Amazon.com Inc said on Thursday it will offer limited free same-day delivery under its Prime shipping service as retailers try to outdo each other on delivery deals, and expanded the service to San Diego and the Tampa Bay Area.

 

Amazon offers same-day delivery to Prime members for $5.99 per order and non-members for $8.99, plus 99 cents per unit.

Souq.Com Launches Affiliates Program

May 27, 2015  N.411

Now anyone with a website or blog can earn money by driving buyers to Souq.com.

 

Souq.com, the leader in e-commerce in the MENA region, has today announced the launch of the Souq.com Affiliates Program. The Affiliates Program will enable any individual or business to earn commission from sales on Souq.com which were derived from their website, a move which demonstrates Souq.com's commitment to rewarding partners. Anyone, from large businesses through to individuals

The Nine Slides That Matter From Mary Meeker's State of the Internet

May 27, 2015  N.475

Six of the Top 10 Mobile Apps Globally Are Messaging Apps

 

Everyone hates drab PowerPoint presentations -- unless, of course, that drab presentation is Mary Meeker's Annual Internet Trends Report. The famed venture capitalist presented her deep dive into tech trends on Wednesday morning,,,,

'E-Commerce personalisation' becoming a must for UAE consumers

May 26, 2015  N.410

UAE.  A recent survey by global marketing and technology agency DigitasLBi reveals the latest technology trends and consumer habits that are transforming how, where and why people shop online, and what devices are mostly used when doing so.

 

The survey, which was conducted in 17 countries including the United Arab Emirates,,,,

New rules planned for online retailers

May 26, 2015  N.410

Dubai: The Department of Economic Development in Dubai ( DED ) is planning to issue new regulations for online consumer electronics retailers operating out of the freezones in bid to protect consumer rights and to make a level-playing field for all retailers, top retailers told Gulf News.

 

Deepak Babani, CEO of Eros Group, said that currently there are no government trade licences for e-commerce retailers who operate solely from the free zones (Jebel Ali, Jumeirah Lake Towers and Silicon Oasis) in Dubai. Traditional

Marka acquires majority stake in UK-based e-commerce business, Icons

May 26, 2015  N.409

UAE. Marka PJSC (DFM: MARKA), the first public joint stock company focused on the UAE’s retail sector, today announced that it has purchased a majority stake in the UK-based online retailer, Icons Shop Limited.

 

In a move that makes Marka the first regional company to secure exclusive rights with an international e-commerce organization,,,,

DED plans to issue new rules for pure online retailers

May 25, 2015  N.408

The aim is to bring the free zone operators come under the department, Eros says

 

Dubai: The Department of Economic Development in Dubai (DED) is planning to issue new regulations for pure online consumer electronics retailers in bid to protect consumer rights and to make a level-playing field for all retailers, top retailers told Gulf News.

Fresh rules for e-tailers based in free zones

May 25, 2015  N.407

People have had bad experiences when dealing with pure online retailers and there is no window to go and complain right now, Jacky’s says

 

Dubai: Traditional retailers welcome the Department of Economic Development (DED) in Dubai’s move to issue new regulations for pure online consumer electronics retailers operating from the free zones.

In-store web browsing isn’t such a threat after all

May 18, 2015  N.353

Washington: Not long ago, the sight of shoppers swiping and typing on their smartphones at the mall was the stuff of retailers’ nightmares. The logic was that these people were doing what is known in the industry as “showrooming” — browsing the stores to touch and test a product, but buying the item online through another retailer where they could get better prices.

Well-funded Jet.com could prove to be e-commerce game-changer

May 17, 2015  N.352

Startup has raised $220m so far for an e-commerce service with some 1,600 retail partners

 

Washington: Jet.com has yet to launch its online retail site to the public, but has already drawn attention as a would-be game-changer that could take on internet giant Amazon.

 

 

Day in the life: E-commerce chief committed to the task

May 16, 2015  N.299

Ulugbek Yuldashev is the founder and chief executive of awok.com, an e-commerce site based in Dubai that he launched in April 2013. Hailing from Kyrgyzstan, the 30-year-old moved to the UAE in 2006 after spotting potential in the Middle East wholesale and retail markets for electronics.

Secondhand items worth $952m posted on dubizzle in Q1

May 16, 2015  N.298

A new item for sale went up on dubizzle every two seconds during the first quarter of 2015, the classifieds website has revealed in a new statement.

 

The website has released a secondhand items report for the UAE for the first time, which shows that the value of secondhand items posted amounted to AED3.5 billion ($952.9 million) in Q1.

Abu Dhabi Co-op takes on Souq shops, plans expansion

May 15, 2015  N.297

Abu Dhabi Farmers' Services Centre (ADFSC) has signed an agreement allowing the Abu Dhabi Cooperative Society to manage its Souq shops across the UAE.

 

Under the deal, Abu Dhabi Co-op will operate the Souk shops which are spread throughout Abu Dhabi, Al Ain and the Western Region for the next 10 years.

Comparison website launches operations in Saudi Arabia

May 15, 2015  N.296

Amwalak.com has launched its finance comparison services in Saudi Arabia, allowing users to find, compare and apply for personal finance products from a single website.

 

Amwalak.com is part of compareit4me.com, the largest comparison site in the Middle East with operations in UAE, Qatar, Kuwait and Bahrain.

Egyptian e-commerce market to reach $2.7b

May 14, 2015  N.295

CAIRO -- Egypt's e-commerce market will reach 2.7 billion by 2020, almost doubling compared to its 1.4 billion size in 2014, Payfort stated in a State of Payments' report.

 

By 2020, the overall e-commerce in the Arab world will reach 13.4 billion, compared to 7 billion in 2014.

UAE e-commerce worth US$4.9 billion by year-end; spurs demand for secure payment solutions

May 13, 2015  N.351

UAE. BPC Banking Technologies, the leading provider of Open System payment solutions, will address the latest demands and challenges of the Middle East’s payments industry at the upcoming Cards & Payments ME event – an annual showcase dedicated to the business of payments and the smart cards market, and set to roll out this year over May 12 and 13 at the Dubai World Trade Centre (DWTC).

MasterCard, McDonald's, NBAD launch MasterPass for more convenient online ordering in the UAE

May 13, 2015  N.294

MasterPass offers customers a safe and convenient way to pay for online orders 
To tweet this news, copy and paste < MasterCard , McDonald's, NBAD launch MasterPass for more convenient online ordering in the UAE 

Buying from home-grown eCommerce sites to pick up

May 12, 2015  N.350

10-12 per cent of consumers in the GCC buy from local eCommerce sites

 

Dubai: Most consumers in the Gulf Cooperation Council (GCC) countries buy from international online retailers, but that is likely to change in the next few years, according to an industry expert.

Bagedo IB drives Saudi e-commerce

May 12, 2015  N.293

Hani Bagedo from e-mall Bagedo IB says that the company aims to make it easier for SMEs to market and sell their products online in Saudi Arabia

 

Bagedo IB is a Jeddah, Saudi Arabia-based e-mall and e-commerce facilitation company that specialises in creating web portals for entrepreneurs and small businesses currently based in, or looking to sell directly into Saudi Arabia. 

Only consumers can set the pace of m-commerce

May 11, 2015  N.264

They will have to decide when their smartphone can replace the card for payments

 

Dubai: The technology is already out there to make mobile-based e-commerce the next big thing. And so is the instrument — any smartphone — and processes — the apps — for consumers to seal the deals.

For Dubai’s new fashion e-tailer, stocks are not a burden

May 4, 2015  N.251

Promoter of BrandsBay.com believes holding inventory can prove an advantage

 

Dubai: Holding high levels of inventory needn’t be such a heavy burden for an e-tailing site – in fact, the promoter of a new high-end apparel and accessories portal in Dubai believes it can even be turned into an advantage.

Exclusive: Dubizzle CEO, staff let go in major shake-up

May 01, 2015  N.292

Classified listing website dubizzle.com has parted company with its CEO and numerous other staff members as part of a major restructuring, Arabian Business has learned.

 

Other senior managers also are among those who have lost their jobs at the Dubai-based company, two sources have told Arabian Business.

Online shopping continues to gain popularity in the UAE, reveals MasterCard study

Apr 30, 2015  N.349

UAE. MasterCard released the results of its Online Shopping Behaviour study that indicates online shopping has increased gradually over the last two years, with local websites, such as Souq.com, emerging as a popular choice by shoppers.

 

Mobile shopping

Apr 30, 2015  N.406

m-Commerce has arrived in Oman in small doses &ndash; like when we subscribe to a stock update service or download songs on our cellphone, says Al Tanner

 

According to Juniper Research, the global mobile commerce market (m-Commerce) will grow to RO34bn by 2009 - a mere fraction of the e-Commerce market, but nice business if you can get it. Research from the ARC Group projects that by the end of this year there will be 12mn m-Commerce users in the US - a small figure compared to the 95mn Americans who made Internet purchases even in 2004 but still a good earner. 

Amazon business aims for $1 trillion corporate-spending market

Apr 28, 2015  N.250

The web retailer unveiled Amazon Business on Tuesday, a new marketplace offering tractor parts, latex gloves, paper clips and millions other products

 

San Francisco: Amazon.com Inc is going after a new class of customers: other businesses.

Tech start-ups need all the funding they can get

Apr 27, 2015  N.249

Regional entities are mainly getting support from overseas investors

 

When we started JadoPado in September 2010, the technology space in the region was virtually non-existent, save a few valiant efforts. Today, we have start-up accelerator upon accelerator and a plethora of service providers looking to get a piece of the action.

Online Store Merger Prods Luxury Goods Makers Towards Internet

Apr 25, 2015  N.271

Top brands such as Prada and LVMH's Christian Dior still baulk at the idea of selling clothing online.

 

The merger of the world’s two biggest online fashion stores, Net-a-Porter (NAP) and Yoox , sends a warning to luxury brands to embrace the Internet with more vim after years of resistance.

Delivery issues in UAE holding back online shopping, consumers say

Apr 6, 2015  N.238

MUMBAI: Online fashion retailer Myntra will shut its website from May 1, in what seems like a definitive step towards becoming only a mobile app­based retailer, sources close to the development told TOI. This will be the first such instance of an e­commerce player transforming into a mobile­only entity as internet usage over smartphones surges in India

Myntra to shut website from May 1 

Apr 6, 2015  N.238

MUMBAI: Online fashion retailer Myntra will shut its website from May 1, in what seems like a definitive step towards becoming only a mobile app­based retailer, sources close to the development told TOI. This will be the first such instance of an e­commerce player transforming into a mobile­only entity as internet usage over smartphones surges in India

Amazon yet to get the feel of fashion pricing

 2015  N.237

Washington: Part of Amazon.com’s pitch to customers is that its prices can’t be beat by its online shopping rivals. But at least when it comes to fashion, a new analysis shows that the e-commerce giant is often getting beaten on price by brands’ own web sites and by department stores.

Robert Drbul, a research analyst at Nomura Securities, recently tracked prices of dozens of specific items from brands such as Calvin Klein, Nike, North Face and Fossil. And on pieces ranging from a Kate Spade purse to a pair of Tommy Hilfiger shorts, Amazon was not offering the best deal.

A fit for online and offline selling

DOP:Mar 31, 2015  N.158

Dubai: It is commonly assumed that retail platforms in the Middle East have been exempt from the struggles that Western companies have experienced within the past few years due to the ailing global economy. I’d like to correct that misconception.

 

In 2014, concerns about a possible recession in the Emirates led many customers to cut down on their spending, which came as a shock to enterprises that have always banked on being able to move luxury goods in the GCC.

Myntra to add unique dimension to boost supply chain, enhance user experience

DOP:Mar 31, 2015  N.158

In the next six to eight months, online fashion store Myntra is likely to roll out a slew of offerings around 3D technology, augmented reality and virtual reality to enhance user experience as well as revamp its supply chain. The fashion e-tailer, which was acquired by cross-town peer Flipkart last year for a whopping $350 million, will also implement 3D printing technology to boost supply chain and create prototypes of products in minutes, a senior company executive told FE.

Souq.com leads UAE online charge

DOP:Mar 26, 2015  N.157

The UAE has a vibrant retail landscape; disposable income levels are on par with those in top western European markets.

And yet online sales in this country are only 1 per cent of the total retail spend – compared with 10 per cent in most mature markets.

Souq.com is the biggest locally based online retailer and biggest online market place with more than three million people visiting its site every month. “Nearly half the population of the UAE visit us monthly, that’s good traffic”, says Ronaldo Mouchawar, the chief executive of souq.com.

Translating Online Shopping into In-Store Purchases

DOP:Mar 26, 2015  N.142

PSFK sits down with Brickwork CEO David Munczinski to discuss why consumers won't separate web, mobile, and in-store channels anymore

 

Bought something in-store recently? Chances are, your purchase path began online. Today, almost 80 percent of shoppers who buy in-store start their path to purchase on web or mobile.

2015 Retail Trends

DOP:Mar 25, 2015  N.142

E-commerce is capturing almost all the gains in retail sales. Should you care?

 

Since 2000, fully three-quarters of retail sales growth has occurred through online channels. That’s an eye-catching statistic, yet not quite the whole story. The online channel now accounts for about 8 percent of total retail sales. But three sectors have been largely untouched by e-commerce: cars, gasoline stations, and groceries.Because these categories are significant, responsible for almost half of total retail sales, online’s penetration of its “addressable market” — in other words, its available pool of revenue — is close to 16 percent

Dubai-Based Souq.com Plans 3-Day Mega Sale, Expects 7m Visitors

DOP:Mar 23, 2015 Source: Gulf Business N.270

The sale, set to run from March 29-31, will have 2,500 product deals on offer.

 

Dubai-based e-commerce website Souq.com has announced plans to launch its biggest online shopping sales event to date this March.

The #HeSaleSheSale, running from March 29 to 31, will offer up to 70 per cent off on over 2,500 product deals, the company said in a statement.

How UAE retailers use brick-and-mortar ploys to sell online

DOP:Mar 9, 2015 Source: Gulf News Retail N.138

Targeted promotions are being increasingly deployed by retailers in the UAE to pull in increased traffic and transactions for their e-commerce portals.

 

Dubai: UAE’s retailers are finding that some of their brick-and-mortar strategies are working just as well online. Targeted promotions — on select products within a specified time frame — are being deployed to pull in increased traffic and transactions for their e-commerce portals.

 

Growth spurt for Gulf's e-commerce sector

DOP:Feb 28, 2015 Source Business.com N.119

Is this the biggest technology acquisition the Middle East has seen yet?” was the question posed in a tweet posted by Dubai-based entrepreneur Paul Kenny.

 

The acquisition in question was the $170m deal by German e-commerce group Rocket Internet to acquire Kuwait-based Talabat.com, a food takeaway platform that operates across the GCC.

 

German e-commerce group Rocket Internet agreed to buy Kuwait-based food delivery service Talabat for about 150 million euros ($169.6 million) as part of efforts to create the biggest delivery network outside China.

The move comes only days after Rocket splashed out hundreds of millions of euros to increase its stakes in grocery service HelloFresh and Delivery Hero and announced the formation of its new Global Online Takeaway Group.

 

German e-commerce firm to buy Kuwait's Talabat for $169m

DOP:Feb 11, 2015 Source Business.com N.

Five trends that will shape the Arab World's online industry in 2015

DOP:Jan 8, 2015 Source Business.com N.

2014 was a milestone year for online businesses in the Arab world. It was the year in which Arab online users spent more time behind their smartphone and computer screens than their televisions, online classifieds' popularity soared over that of print classifieds,and several industries such as transportation, automotive, and food & beverage were disrupted and/or evolved,,,

 

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LMRC Market Watch

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