1) Yahoo! exits Middle East
December marked the end of an era as Yahoo! announced it would be closing its Dubai office next year – its last base in the Middle East. Campaign broke the news online the same day as Dubai bosses told the 50 remaining staff they would be out of a job by April as the Silicon Valley internet giant attempts to ‘streamline its business’ following years of pitiful growth. The end came six years after the company bought Arabic social network Maktoob.com for close to $170 million. However, since 2009, the once 400-strong team has seen layoff after layoff with office closures in Amman and Cairo paving the way for the Middle Eastern network’s ultimate fate.
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