PayPal plans to open an office in Dubai as it looks to double its share of the region's $9 billion online-payments market.
It is the fourth US internet giant this year to boost its activities in the Middle East and North Africa (Mena), following moves by Facebook and LinkedIn to open offices at Dubai Internet City, and Twitter's appointment of a local sales representative.
"We are currently looking for offices and will open one in the next few months. It will be the hub for the region,” said Elias Ghanem, general manger of PayPal Mena, at today's launch of its Middle East operations.
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