Abstract
Bayt.com, an Internet company and leading recruitment Website, was established in 2000, coinciding with the collapse of the dot-com boom, in a place lagging in Internet adoption: Dubai, in the United Arab Emirates (UAE). At the time, less than 2 % of the population in the Arab world was using the Internet, compared to rates of 28 % in OECD countries and 44 % in North America. E-recruitment was at a nascent stage of development in general, with job Websites such as Monster.com in the USA and Jobserve.com in the UK having launched only a few years earlier.
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Notes
- 1.
From interview with Fadi Ghandour on 30th April 2014.
- 2.
Including broadcasting, publishing, advertising, public relations, research, music and post-production services.
- 3.
In 2014, the Web analytics site Alexa.com ranked Bayt.com 46th in the UAE in terms of traffic to its Web site, well ahead of its major competitors, including JobsInDubai.com, GulfTalent.com and NaukriGulf.com. Source: http://www.alexa.com/siteinfo/bayt.com
- 4.
Tiger Global Management acquired a growing interest in Bayt.com as several early shareholders, including CEO, Dany Farha, divested their shareholdings over time.
- 5.
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Mahroum, S. (2016). Bayt.com in Dubai: Taking Nepotism Out of ‘Wasta’. In: Black Swan Start-ups. Palgrave Macmillan, London. https://doi.org/10.1057/978-1-137-57727-6_12
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