Uber and Careem have reached an agreement for Uber to acquire Careem for $3.1 billion, consisting of $1.7 billion in convertible notes and $1.4 billion in cash.
Uber to acquire Dubai-based Careem for $3 billion: report
Uber is reportedly gearing up to announce a $3.1 billion cash-and-share deal to acquire its Dubai-based rival Careem as early as this week.
Dubai optimises AI to measure customer happiness
The Dubai Roads and Transport Authority (RTA) has recently rolled out new smart cameras that measure customer’s satisfaction at four Customers Happiness Centres.
Dubai-based investment firm opens high-tech logistics facility
Dubai-based Trustworthy.ae Group has announced the groundbreaking of its first Inland Container Depot (ICD) and a third-party logistics (3PL) facility in Khalifa Industrial Zone Abu Dhabi (KIZAD).
Uber in “advanced talks” to acquire Middle East rival Careem
Uber Technologies is in advanced discussions to buy its Dubai-based rival Careem Networks, according to a Bloomberg report.
Tesla’s Elon Musk could face contempt charge over tweet
The US Securities and Exchange Commission (SEC) is pursuing a contempt order against Tesla CEO Elon Musk, Reuters reported.
Dubai to shape the future of global mobility, says RTA chairman
Dubai is set to play a pivotal role in shaping the future of global mobility, according to Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the RTA.
UAE-based tech unicorn unveils rewards programme for loyal users
Dubai-based ride-hailing app Careem has launched rewards programme Careem Rewards for its 33 million users.
RTA deploys robots to clean up Dubai Metro stations
Dubai RTA has dispatched robots to clean metro stations as part of efforts to introduce new techniques driven by AI technology.
Dubai promotes road safety awareness in schools
Dubai has launched the ‘Smart Safety Bus’ for raising the traffic awareness of students in schools within the emirate.
UAE scores high in global autonomous vehicle readiness index
The UAE has earned a place in the top 10 for the second year in a row in KPMG’s Autonomous Vehicles Readiness Index (AVRI), which evaluates how prepared countries are to accommodate driverless vehicles.
Dubai ruler reviews RTA’s futuristic mobility system
Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has reviewed two models of the …
Mercedes-Benz accelerates digitalisation with new smart app
Mercedes-Benz has introduced ‘Mercedes me connect’ to the region aimed at offering its customers to become part of an intelligently connected world.
Dubai to transform taxi services with artificial intelligence
Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors, RTA has inaugurated a new control centre and reviewed its smart transformation plan.