Ride-hailing giant Uber and its UAE-based partner Careem have reportedly stopped their cheapest ride options in Dubai, following a decision by the Roads and Transport Authority (RTA).
News, Software
Egypt lifts ban on Uber and Careem
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. 0 1844
Uber boosts passenger safety in the Middle East with latest app update
Uber has announced the roll out of the “Check Your Ride” in-app reminders and push notifications to all riders across the region where it operates, just as it did in the United States in April.
Bitcoin jumps above $11,000 mark following Facebook’s crypto announcement
Bitcoin has jumped to a near 15-month high above $11,000, after jumping more than 10 percent over the weekend, Reuters reported.
UAE green lights Uber and Careem deal
UAE Minister of Economy Sultan bin Saeed Al Mansoori has issued a ministerial decision approving the upcoming acquisition of Careem by global firm Uber.
Uber Eats’ drone delivery service to take off this year
Uber Eats, the global platform for on-demand food delivery, has announced that it will begin testing the first-ever commercial application of drone food delivery in high-density urban areas.
Careem acquires UAE-based bikeshare service
Careem has entered the micro-mobility space with the acquisition of Cyacle, a UAE-based bikeshare service.
Uber names new GM to lead growth in Saudi Arabia
Uber has appointed Mohammad Bakr Gazzaz as the new General Manager for Saudi Arabia. As part of his role, Gazzaz will focus on closely aligning Uber’s efforts with Saudi Vision 2030.
Uber rolls out “preferred view” feature for Saudi women drivers
Uber has recently announced the launch of a new “Women Preferred View” feature for women drivers in Saudi Arabia, which provides them with a choice in selecting a preference to be connected to women riders.
Uber’s acquisition of Careem to be completed in eight months
Uber’s acquisition of the Dubai tech unicorn Careem will be completed within seven to eight months, according to the ride-hailing firms’ CEOs.
Uber confirms acquisition of Dubai-based Careem
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.