Ipsos MENA had released interesting stats at a presentation done last week at ArabNet conference covering statistics related to e-commerce consumption habits in the region. Ipsos is the 3rd largest market research firm in the world with over 5000 clients worldwide and a direct presence in 85 countries....

Today morning we reported that Cobone has been acquired by Tiger Global Management after months of speculation. The deal was speculated to be close to $40 million. Some of the Cobone Staff have been laid off. We actually spoke to a team member who confirmed that they were issued a notice today morning....

Cobone has been acquired by Tiger Global Management after months of speculation. The deal is predicted to be close to $40 million. Tiger Global Management, LLC is a privately owned investment manager. The firm manages hedge and private equity funds. It invests in the public and private equity markets...

With the Internet transforming many aspects of life, it has also brought along opportunities to shop for goods and services online. Online shopping allows one to choose from the wide variety of goods that are available on the internet, which range from fashion, to gadgets, clothes, books and other household...

iPad mini was launched with mixed reviews and not really the amount of anticipation that one would expect in comparison that the other Apple products received. The question on everyone’s mind is that if it is indeed different? Every time Apple comes out with a product, the market crowds with the...

UAE’s online retailer Souq.com announced that it has received a new round of funding from Nasper Limited a South Africa based media group. The investment amount was undisclosed, however the rumors are that the funding was approximately $40 million. Souq.com is funded by Jabbar Internet Group and Tiger...

 With the influx of new deal sites in the region few months ago, some key players started to feel the saturation.  First it was Living Social to exit the market in August 2012 and now Cobone.com is in talks for a potential sale. Cobone.com is in talks with an Egyptian venture capital firm over a sale...