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UBER CAREEM DEAL
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'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...
- 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’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....
- Dubai Technology Entrepreneur Campus – A Leading Hub for Start-ups and InnovationsStart-ups from around 70 countries have took advantage at the state-of-the-art Dubai Technology Entrepreneur Campus Dtec , a start-up hub i...
- 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.
- The strange story of Uber’s massive fund raising deal from the Saudi governmentThe $3.5 bn deal is now drawing Uber into a global reckoning over the business world's ties with Saudi.
- 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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