Rise of Arab startups offers hope for region's sluggish economies

New digital businesses, following in the footsteps of western counterparts, are starting to change the Arab world's economic landscape. YIGAL CHAZAN reports With countries across the MENA region struggling to wean themselves off natural resources and cut back on bloated public sectors, the emergence in the last few years of a promising Arab startup sector, drawing growing levels of investment, could provide the stimulus for the private sector development that is key to regional prosperity. A number of eye-catching, multi-million dollar deals and investments involving MENA's most successful startup...