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.
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 1844Uber 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.
Uber files for long-anticipated IPO
Uber Technologies has filed paperwork for an initial public offering, according to three people with knowledge of the matter, reported …
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.
Uber is back in the UAE capital
Uber has announced the re-launch of its services in the UAE capital, in collaboration with the Department of Transport in …
Uber eyes Middle East growth as revenue slows
Ride-share company Uber on said that its net loss topped a billion dollars in the recently ended quarter as it …
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.
Dubai’s Emirates ties up with Uber
The collaborative offer will see visitors to Dubai from Australia, Egypt, France, Saudi Arabia, and South Africa avail special offers from Uber on bookings made between 26 September to 10 December 2018.
Uber mulls purchase of food delivery firm to dominate EMEA market
Uber Technologies is in early talks to buy food-delivery company Deliveroo for several billion dollars, Bloomberg 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.