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Venture capital and transparency will drive online growth
- United Arab Emirates: Thursday, June 14 - 2007 at 15:33
A culture of transparency and more venture capital is needed to build on the rapid online growth businesses are experiencing in Arab regions. Greater trade transparency will improve trust among consumers when conducting transactions over the internet, said Omar Hijazi, CEO of online marketplace Tejari. More venture capitalists will help the region develop the next YouTube or MySpace in the Middle East he told delegates at yesterday's Verge digital media conference.
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Rob Jones, Editorial DirectorThursday, June 14 - 2007 at 15:33 UAE local time (GMT+4)
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This article was updated on Fri Jun 15 2007.
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