Careem co-founder Magnus Olsson has revealed that he sees the region’s homegrown ride-hailing service as playing a “crucial role in contributing to the changes in Saudi Arabia,” with particular focus on empowering female drivers – or “captinahs” – from June onwards.
Egypt’s parliament has approved a new law to govern popular ride-hailing apps Uber and Careem.
Dubai-based ride hailing firm Careem was hit by a cyber-attack that compromised the data of 14 million users, the company said on Monday.
An Egyptian court ruled to revoke the suspension of the licenses of ride-hailing companies Uber and Careem, allowing them to continue their work, Reuters reports citing judicial sources said.
Microsoft, Oracle and SAP have reportedly been signed as partners of the Dubai Future Foundation to support the One Million Arab Coders initiative.
Some of the new money raised could go towards new business lines, one source said, adding Careem may be looking to diversify ahead of a potential initial public offering (IPO).
Egypt suspended the licenses of ride-hailing companies Uber and Careem on Tuesday, in a court ruling after taxi drivers sought to shut down the two firms’ operations in the country, judicial sources said.
Careem has announced its commitment to recruit more females to become Captains on their platform.
Middle East ride-hailing firm Careem has announced that it has acquired RoundMenu and will start trialing food delivery services through …
The MENA Annual Venture Report for 2017 revealed that the deals secured by UAE startups accounts for 84 percent of the $475 million whole deal value raised by regional startups last year.
