Tag: Arabshare

22Sep

Traditional Arab Collaborative Economy Initiatives That Still Exist!

The Collaborative Economy ideas are not new in the Arab World. Throughout history, people practiced sharing and collaboration in their day-to-day lifestyle as part of culture and religious beliefs. People shared food, products and homes among many other things. They also invented a number of traditional Collaborative/Sharing initiatives which are still being adopted today.

 

Jamee’h

An old model of a non-interest crowd-lending. Jamee’h means ‘commit’; small amounts of savings from a number of individuals that are put together and given to one person. The process is then repeated again, usually on a weekly or monthly basis with each member of the group benefiting from the collected amount.

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25Aug

Four Sharing Economy Initiatives Can Take Place in Developing Countries

There is a shy presence for the sharing economy in developing countries due to the trust issue between the strangers, as well as low market penetration of technology for both smartphone and online banking usage, which make it hard for companies like Airbnb or Uber to operate. So what another type of sharing economy initiatives that can overcome those challenges and take place in those countries.

Tool Library

At such facilities, books are replaced with tools in order to “mutualize” resources so that people don’t have to buy tools they would only use once in a while, such as saws, drills, or chisels. Each of these tools is available either for free or for a small fee, increasing the efficiency of each device and helping users save money

Tool libraries are also neighborhood hubs offering classes, community building spaces, workshops and a variety of instruments ranging from belt sanders to lawnmowers and more

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26Sep

Four issues the sharing economy could solve in the Arab world

The sharing economy may have led to several multi-billion-dollar successes like AirBnb and Kickstarter, and brought the community back into fashion in Europe, but it surely has its share of critics. Many today wonder whether the sharing economy makes sense for the Arab world, and if it can solve any of the region’s problems.

By now, a convincing argument has been made for the need to speed up the transition to a more collaborative region. But, if you remain skeptical, here are four ways the sharing economy could tackle some of the region’s, and the world’s, biggest challenges.

1. Poverty           

“Accelerating poverty reduction and sustaining human development improvement are significant challenges for the region in the future,” according to a recent World Bank report. In the Arab world, household consumption accounted for as much as 44% of the region’s economy, higher than China’s 35%, which indicates that as the middle class grows, consumers are buying more and more.

Sharing Solution: Sharing initiatives, like tool libraries, for example, can reduce costs for families by lowering the rates of household consumption. At such facilities, books are replaced with tools in order to “mutualize” resources so that people don’t have to buy tools they would only use once in a while, such as saws, drills, or chisels. Each of these tools is available either for free or for a small fee, increasing the efficiency of each device and helping users save money.

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26Nov

THE SHARING ECONOMY IS GAINING MOMENTUM IN THE ARAB WORLD

The sharing economy movement is taking a new stride in the Arab World, and many platforms have taken the initiative of implementing the methods of the collaborative economy. We dig deep and scrutinize the factors and the potential which could see this industry grow bigger in the region at a quick rate. Here we offer some successful stories.

The sharing economy in the Arab World has been witnessing an ongoing shift in the trend that has envisaged owning rather than accessing. This change has turned things around, where now the value of the product in the Arab World day after another has become one of usage- not in its outright ownership anymore; as was the case with mainstream consumer models. Used products are more fashionable, thanks to the popularity of online platforms for buying and selling used goods.

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30Jul

Crowdfunding Arab Based Platforms

Before going to start a crowdfunding campaign on Arab based platforms, you first must take into consideration that the majority of the Arab world are very keen to the law of Islam, not to support in ideas that do not comply with it, examples of this include lending money with interest. Another thing that most of the people here prefer to get tangible things in return for their contribution.

Arab world crowdfunding platform only a few, Although it could find different platforms work in the region. To help you keep track of all the happenings in this space here is an easy guide for which site to go to for your crowdfunding needs

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26Jun

The Rise of Collaborative Consumption in The Arab World

Arab countries are no different than other nations. There are now three popular ideas on the collaborative consumption in the Arab World comparable to what is going on around the world’s consumer markets:

Firstly, there is an ongoing paradigm shift in what it means to own a car, a bicycle, a household appliance, a book, a film or a piece of clothing. The value of a product is beginning to be seen regarding its use, not in its outright ownership, as per traditional consumer models. Secondly, there is an increased level of acceptance of used products, thanks partly to the popularity of online platforms for buying and selling used goods. And finally, people are also adopting what could be called collaborative lifestyles, in which not only sharing products but people share their time, space and expertise as well.

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