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Peak XV Partners leads $48 million round in Dubai-based spend management startup AlaanAlaan, founded by Indian-origin Parthi Duraisamy and Karen Kurien, caters to the West Asia market. The founders of 885 Capital — Sudeep Ram...- Microsoft shuts down Pakistan office as global firms lose faith in local marketThe move, which sparked speculation on social media, was first brought to public attention by a LinkedIn post from Jawad Rehman, the former...
- Ride-hailer Careem to suspend decade-old Pakistan serviceCareem will suspend its ride-hailing service in Pakistan on July 18, citing economic strain, rising competition, and limited capital. The m...
- Ride-hailing app Uber ceases operations across PakistanUber ceases operations in Pakistani, directing users to switch to Careem. Uber had already ceased operations in Karachi, Multan, Faisalabad...
- Dubai airport issues travel alert as it prepares to welcome 3.3 million travellers over 13 daysDubai International Airport is preparing for one of its busiest period as 3.3 million travelers are expected over the next 13 days. August ...
- Uber's Middle East subsidiary Careem offloads 50.3% stake in super app to Emirates TelecomThe super app will be managed by Careem founders Mudassir Sheikha and Magnus Olsson, said the company, formerly known as Etisalat Group and...
- Zomato does it again! Trolls Careem Pakistan after crushing defeat at T20 World CupIndia won the match by four wickets with Virat Kohli scoring an unbeaten 82 off 53 balls.
- Uber exits five Pakistani cities, to continue services via unit CareemThe change, effective immediately, also covers the cities of Multan, Faisalabad and Peshawar, but the Uber app will continue operations in ...
- Zomato's dig at Pakistani app on India's loss to Pak is winning the InternetThe outcome of the match spiralled into a meme-war between fans of India and Pakistan.
- Zomato's savage reply to Pak meme on India's Asia Cup lossShortly after Pakistan defeated India by five wickets in a last-over thriller at the Dubai International Stadium, Careem Pakistan trolled t...
- Uber's Mideast business Careem looking to fill over 200 jobs, LinkedIn post saysCareem said it was looking to fill jobs that spanned across the ride-hailing firm, "from engineers to data analysts, operations managers to...
- Uber in talks with Mideast unit Careem over outside investmentCareem's ownership structure following the planned investment was not immediately clear, though sources said Uber would remain a shareholde...
- Uber, posting first-ever decline in rides, says worst is overDuring the past week, Uber has embarked on a blitz of cost-trimming moves. Uber said it will end food delivery operations in more than a ha...
- Uber to cut 3,700 jobs, CEO Khosrowshahi to waive base salaryUber and rival Lyft have already withdrawn their full-year financial outlooks as demand for app-based rides dropped sharply across the worl...
- Former Google exec to help build unicorns for Saudi VC FundInterest in the Middle East’s nascent technology industry has been picking up after Uber last year agreed to buy Careem and Amazon.com acqu...
- New ventures help office-goers sail through commuting chaosStartups focus on carpools, buses and corporate services to make ride to work peaceful.
- Uber is said to seal $3.1 billion deal to buy Careem in daysCareem was valued at about $1 billion in a 2016 funding round, making it one of the most valuable technology startups in the Middle East.
- Here are the big winners hitching a ride on Lyft's IPO planLyft’s filing revealed some startling numbers for the startup. The company lost $991 million last year even as its revenues surged.
- Uber is said to hold advanced talks to buy Mideast’s CareemCareem was valued at about $1 billion in a 2016 funding round, making it one of the most valuable technology startups in the Middle East.
- Uber is said in talks to acquire Dubai ride hailing firm CareemA deal could value Careem at $2 billion to $2.5 billion, the people said, asking not to be identified because the talks are private.
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