Key opportunities in the African and Middle Eastern quick commerce market include leveraging super-app integration for ...

Uber-backed ride hailing service Careem announced on Tuesday an end to its operations in Qatar. The surprise announcement, which went into effect immediately on Feb. 28, comes just months after the ...

Careem, the Middle Eastern ride-hailing service owned by Uber, will suspend its ride-hailing operations in Pakistan on July 18, 2025, due to macroeconomic challenges, intense competition, and global ...

Uber has confirmed it is buying its Middle East rival Careem in a $3.1 billion deal. Uber said it would pay $1.4 billion in cash and $1.7 billion in convertible notes as part of the agreement, which ...

A key component of the partnership includes unified settlement and streamlined reporting through a consolidated framework ...

Careem, Uber's rival in the Middle East, will eventually go public, but not at this time, Magnus Olsson told CNBC. Olsson said that while an initial public offering would be the ultimate goal, it's ...

DUBAI (Reuters) - Ride-hailing service Careem is targeting profitability next year or in 2018 and is in talks with potential investors about its latest fundraising plans, co-founder Mudassir Sheikha ...

Dubai-based ride-hailing company Careem said it had secured $200 million in fresh funds from existing investors that include Saudi billionaire Prince Alwaleed bin Talal's Kingdom Holding. The $200 ...

Uber completed a $3.1 billion takeover of the Dubai-based ride-hailing app Careem earlier this month. Careem is a wildly popular service only available in 15 countries across the Middle East and North ...

Ask most people in the Middle East what Careem is and they would have no doubt: a ride-hailing app. The biggest service of its kind in the Middle East, Careem was acquired by Uber for $3.1 billion in ...

SAN FRANCISCO/DUBAI (Reuters) - Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquire Middle East rival Careem, buying dominance in a competitive region ahead of a hotly ...