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.
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UAE to open region’s first AI summer camp
UAE students will soon be able to attend an artificial intelligence-focused summer camp following Minister of State for Artifical Intelligence Omar bin Sultan Al Olama's announcement that the government is collaborating with number of leading national and international technology and education companies in the private sector to open such programme in the country.0 4623
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.
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.
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, Careem launch e-hail taxi joint venture to grow sector
The Dubai Roads and Transport Authority, RTA, has announced the establishment of an E-Hail Taxi Joint Venture with Careem Networks …
Dubai-based tech unicorn enters online food delivery sector
UAE-based Careem has announced the launch of its online delivery platform for goods and services.
Middle East ride-sharing rivals launch bus booking service
Dubai-based Careem and global ride-sharing firm Uber have introduced a new bus-booking service in Egypt.
Dubai’s Careem introduces new ride payment option
Careem has introduced peer-to-peer (P2P), closed loop, prepaid credit transfer service to its customers in all markets.
Dubai-based tech unicorn secures $200 million in fresh funding
Middle East ride-hailing company Careem had reportedly secured $200 million in fresh funding from existing investors, Reuters reported.
$2 billion Uber-Careem deal in the works: sources
Uber Technologies is in discussions to buy its Dubai-based rival Careem Networks for about $2 billion to $2.5 billion as the ride-hailing giant expands in the Middle East, Bloomberg reported.