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Strategies & Market Trends : Cents and Sensibility - Kimberly and Friends' Consortium -- Ignore unavailable to you. Want to Upgrade?

To: The SPHINX who wrote (102298)	5/3/2000 12:30:00 PM
From: puborectalis	Respond to of 108040

Commerce One to establish B2B site in Middle East NEW YORK, May 3 (Reuters) - Commerce One Inc. (NasdaqNM:CMRC - news), a builder of Internet marketplaces where business suppliers and buyers conduct commerce, said on Wednesday it reached agreement with a group of Middle Eastern investors to expand into the region. The new business, Commerce One Middle East, is expected to provide businesses in fourteen nations in the region -- Algeria, Bahrain, Egypt, Jordan, Kuwait, Lebanon, Morocco, Oman, Qatar, Saudi Arabia, Tunisia, Turkey, United Arab Emirates and Yemen -- with a system conduct commerce on the Internet. It will be based in Dubai, United Arab Emirates. ``The launch of Commerce One Middle East is a very important opportunity for us to develop e-commerce throughout the Middle Eastern marketplace,'' Mark Hoffman, Commerce One chairman and chief executive, said in a statement. ``We believe that there are large efficiencies to be gained by everyone and we are delighted to be extending the Global Trading Web to this region.''