Menafn.com launches Investment Challenge

Investment Game, which is similar to Yahoo’s Investment Challenge, will educate users about online investing procedures without risking their money

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By  Massoud Derhally Published  May 22, 2001

Menafn.com, the Jordan based Middle East North Africa/Financial Network, has launched The Investment Game. The new game, which is similar to Yahoo’s Investment Challenge, will educate users about online investing procedures without risking their money.

According to Sawsan Dababneh, company Co-Founder, “Online users will be able to make any stock transaction found on a major US online exchange including limit and stop transactions. The MENAFN Investment Challenge is abundant with real life features, interest payments, splits, and the latest news and quotes for all related companies. It offers the players a comprehensive experience in the world of trading – with no risk involved.”

The company intends to offer the game as part of its co-branded solutions in the near future. The game will be packaged, licensed, and sold as a separate solution to corporations, businesses, and financial institutions who will in turn use it as a hands-on customer retention tool. The game aims to build awareness and educate anyone interested in trading.

Menafn’s strategy is customer centric and as such the company strives “to be a financial supermarket in terms of the range of investment services it extends to its customers,” according to CEO, Ramzi Abdel Jaber. The Investment Game is a precursor to future investment services, including credit card and loan marketplaces and online brokerage.

The company, which is opening an office in Dubai Internet City on June 10, is in the process of completing another round of venture capital funding. The new financing will enable it to expand its operations and activities over the next 18 months. “The present round of financing should widen the gap between our company and other regional players in the industry” said Abdel Jaber. “The new office should enable us to better serve customers in the GCC region and be closer to partner financial institutions.”

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