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Careem is a Dubai-based super app with operations in over 70 cities, covering 10 countries across the Middle East, Africa, and South Asia regions. [2] The company, which was valued at over US$2 billion in 2018, [3] became a wholly-owned subsidiary of Uber after being acquired for $3.1 billion in January 2020. [4]
Dubai-based Careem launched in 2012. [244] Uber launched in Dubai in 2013. In January 2017, after a long spat with regulators, Uber signed an agreement with the Roads and Transport Authority of Dubai and became fully regulated. Under this deal, Uber is entitled to deploy about 14,000 vehicles around the city per the law of transportation ...
SAN FRANCISCO/DUBAI (Reuters) - Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion (£2.4 billion) to acquire Middle East rival Careem, buying dominance in a competitive region ...
Swvl Holdings Corp. is an Dubai-based provider of tech-enabled mass transit solutions, offering intercity, intracity, B2B and B2G transportation products and services.Swvl operates in 135 cities in 20 countries across Latin America, Europe, Africa and Asia. [2]
Uber said late on Monday night it would pay $1.4 billion in cash and $1.7 billion in convertible notes in a deal that gives it full ownership of Careem. The notes will be convertible into Uber ...
Uber Technologies Inc-owned Middle East business Careem is seeing its ride service recover more quickly than expected from the coronavirus crisis, while its delivery business is larger than before ...
In September 2022, Yango ride-hailing service started its operations in Dubai. [28] As of September 2024, the service was launched in Abu Dhabi in partnership with Abu Dhabi Mobility. [29] In 2022, its ride-hailing service was also rolled out in Angola, DRC, Azerbaijan, Mozambique and Bolivia. [30] [31]
SAN FRANCISCO/DUBAI, March 25 (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 ...