The Business of…2010’s best companies
Business has been bad in 2010, but not for all. Kipp looks at the year’s business success stories, from Dubai’s online retail scene to pretty much anything in Qatar.
December 28, 2010 12:34 by shafeer
Yep, more e-retail. Though Groupon.ae is all set to launch in the Emirates, we at Kipp are a little skeptical about the likely success it will enjoy. After all, they are entering the market rather late – it will likely find Cobone.com and GoNabIt.com already dominate the local market.
GoNabIt, which started up mid-2010, ‘nabbed’ Dh100,000 in savings for its subscribers in its first four weeks of beta operation in Dubai. Similarly, another such UAE based site Cobone.com was launched in August by Jabbar Media Group, offering discounts on various deals including yacht rentals and restaurants. Since its launch it has been doing outstandingly well, apparently. How well, you ask? Well one offer for a cinema resulted in the sale of 2,400 coupons in less than a day. That’s a lot of cinema seats filled.