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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...
- 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 ...
- 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...
- Abu Dhabi's tech hub sees surge of interest from start-upsHub71, backed by Abu Dhabi state fund Mubadala Investment Co, the SoftBank Vision Fund, and Microsoft, has accepted 100 start-up firms sinc...
- Amazon rival Noon to draw $2 billion from PIF, other backersThe investments from the Public Investment Fund and others will be used to upgrade infrastructure and help speed up deliveries, Noon founde...
- Uber cuts 3,000 jobs as virus slashes payroll by 25%The ride-hailing giant will be closing or consolidating 45 offices globally, and almost all departments will be affected by layoffs. The co...
- Uber’s CEO, a seasoned dealmaker, pursues his biggest one yetIn the negotiations, Grubhub had been seeking a ratio of 2.15 Uber shares for each one of Grubhub’s, a person familiar with the talks said....
- Uber loses $2.9 billion, offloads bike and scooter businessEarlier this week, Uber said it was cutting 3,700 full-time workers, or about 14 per cent of its workforce, as people avoiding contagion ei...
- 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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