Facebook opens Mid East, Africa office

2012-05-30 16:19
Dubai - Global social online network, Facebook, opened on Wednesday a sales office in Dubai, expanding its operations in the Middle East and North African market, where it says it has some 45 million users.

Facebook's Mena team "will work with brands across the region to help them harness the power of the world's largest social network", it said in a statement released at a press conference in the Gulf emirate.

Joanna Shields, Facebook's vice president and managing director for Europe, Middle East and Africa, said the network has some "45 million users" in the Mena region, adding that the network's first office in the region was to "share our experience".

"We already have strong partners in the region that are using Facebook in innovative ways to achieve and realise the power of social" network, said Jonathan Labin who will be heading the new office.

He named several advertising clients in the region, including Dubai's Emirates Airlines and Doha-based Al-Jazeera television.

Facebook, which boasts 901 million monthly active users, was recently listed on the US Nasdaq stock exchange, but its shares have tumbled since then.

On Tuesday, Facebook shares closed with a loss of 9.68% at $28.82, dropping below $30 for the first time and ending down more than 24% from its offering price of $38 on 18 May.
Read more on:    facebook  |  social networks  |  e-commerce
NEXT ON NEWS24X
SHARE:

Read News24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Add your comment
Comment 0 characters remaining

Inside News24

 
/News

Jobs in Cape Town [change area]

Property [change area]

Travel - Look, Book, Go!

Kalahari.com - shop online today

Valentine’s Day gifts – 14 Feb!

Gifts to spoil him and her. While stocks last. Shop now!

Games on Sale!

Save up to 60% on selected games. While stocks last. Shop now!

Up to 30% off All Textbooks

Save up to 30% off an extensive range of prescribed textbooks for all major universities and FET colleges. Shop Now!

Save up to 40% on outdoor accessories!

Tents, sleeping, day packs and more. While stocks last. Shop now!

30% off fragrances

Get 30% off fragrances for him and her. While stocks last. Shop now!

OLX Free Classifieds [change area]

Horoscopes
Aquarius
Aquarius

Mood swings and emotional rollercoaster rides are still on the cards for most of today. The most important thing is to consciously...read more

There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.