
A Saudi man who claims he invented the concept of e-commerce during the early days of the internet says that he is talks with big firms who wish to avoid litigation for stealing his world-changing idea. “There are now undergoing negotiations with big companies inside [the kingdom] and abroad to find a solution without opting to head to international judiciary,” Faisal bin Fahd al-Osaimi told the local Saudi daily Okaz. Osaimi said he presented the concept of e-commerce to the late King Fahd in 1991, the same year the internet was born.
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