Experts and industry insiders are predicting that the e-commerce sector will expand dramatically throughout the Middle East in 2012. "In the overall e-commerce space, this year is going to big," said Paul Kenny, the founder and chief executive of Cobone.com . "Daily-deals websites have almost forced people to go online and buy. We are converting people online almost every day."

Cobone.com, which launched in late 2010, has seen it's sales grow 35% on a month-over-month basis. The website recently debuted a fashion section, and has since seen a 10% increase in users per day. Cobone's success demonstrates the potential for online retailers in the Middle East. 

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