Home » Investment in Middle East »


|| Getting 25% market share

So you are thinking about opening your operation here, but not sure if you can get any market share?

Look no further than RAK Bank. Reading Arabian Business while walking on treadmill the other night, (yes, I do read on treadmill!), I came by an interesting piece about RAK Bank operation history: seven years ago, the bank had 60 staff, and had a total asset value of US$136m. Today RAK Bank has 1500 employees, 250,000 customers, and total assets of US$2.5bn! RAK Bank's Titanium card has grabbed 23% market share in the UAE in just 10 months.

A quarter of market share? Not easy … but possible …



Previous Post: Craigslist Arrived in Dubai
Next Post: Priceline.com's Subsidiary Opens Office in Dubai

More from Investment in Middle East ...


  JPM, London fund invest $20 million in Dubai e-commerce firm (September 2012)

  Souq.com merges private shopping portal Sukar.com in its operations (April 2012)

  UAE early stage investor Saffar Holding to exit its investment in Zawya (April 2012)

  How to sell your Middle Eastern media firm - 7 lessons from Flip Media acquisition (February 2012)

  Publicis Groupe acquired Dubai-based digital agency Flip Media (February 2012)

  Carlyle Group acquires 42% stake in Domino's Pizza MENA master franchise (December 2011)

  Middle East e-commerce website MarkaVIP raised $5 million (December 2011)

  Jabbar acquired remaining stake in Cobone.com from GBG to become the sole owner (July 2011)

  Naspers acquired stake in Dubai-based classified website (June 2011)

  Intel Acquires Egypt-based SySDSoft (March 2011)




|| About Us

Established in 2007, DubaiBeat.com provides insight, analysis and research on Middle East investors.

We cover different asset class investors like private equity, venture capital, hedge funds and real estate investors from the Middle East and broader MENA region.


|| Subscribe















Copyright 2007-2017 DubaiBeat.com    Sitemap  |  Terms  |  Privacy Policy

Follow us: RSS Feed   Facebook    Twitter