Careem

e& Invests $400 Million in Uber’s Careem Super App Spinout
e& Invests $400 Million in Uber’s Careem Super App Spinout
April 10, 2023  |  Investments

Technology and investment group e& has acquired a majority stake in the Careem super app. With the firm’s investment of $400 million — the completion of which is subject...

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Uber Launches Travel Feature to Grab MENA Market Share
Uber Launches Travel Feature to Grab MENA Market Share
January 05, 2023  |  Ridesharing

Uber has launched Uber Travel in the Middle East and North Africa (MENA) region. The first announcement came on Tuesday (Jan. 3) when Uber revealed...

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Qatar World Cup Boosts Ride-Hailing, Food Delivery Demand Across MENA
Qatar World Cup Boosts Ride-Hailing, Food Delivery Demand Across MENA
November 17, 2022  |  International

Ahead of the World Cup opening ceremony on Sunday (Nov. 20), soccer fans from around the globe have been arriving in Qatar, giving an economic...

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MENA Food Delivery Service Bucks Global Downward Trend as Europe Business Retreats
MENA Food Delivery Service Bucks Global Downward Trend as Europe Business Retreats
July 27, 2022  |  Delivery

The food delivery space has been having a rough time lately, particularly in Europe. Since the beginning of the year, U.K.’s Deliveroo and German online...

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MENA Weekly: Crypto, eCommerce Reaffirm UAE’s Position as Cornerstone of Regional Economy
MENA Weekly: Crypto, eCommerce Reaffirm UAE’s Position as Cornerstone of Regional Economy
July 22, 2022  |  International

In news from the Middle East and North Africa (MENA), the United Arab Emirates is a cornerstone of the regional economy, attracting international investment and...

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Careem Makes Second Acquisition This Week With Denarii
Careem Makes Second Acquisition This Week With Denarii
July 01, 2022  |  Acquisitions

Ride hailing, payments and food delivery platform Careem picked up money transfer firm Denarii for undisclosed terms, its second acquisition this week, according to a...

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EMEA Daily: VC Firm Presto Ventures has New Fund; Gorillas Exits Belgium
EMEA Daily: VC Firm Presto Ventures has New Fund; Gorillas Exits Belgium
June 24, 2022  |  emea

In today’s news, venture capital fund Presto Ventures has a new fund to help B2B startups, while delivery firm Gorillas is closing warehouses and planning...

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Careem Boosts Food Delivery Space Footing With MUNCH:ON Acquisition
Careem Boosts Food Delivery Space Footing With MUNCH:ON Acquisition
June 24, 2022  |  Delivery

Careem, the Dubai-based ride-hailing company with operations in over 100 cities across the Middle East, Africa and South Asia has acquired the food delivery platform...

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Today in the Connected Economy: Amazon Teams With Teladoc
Today in the Connected Economy: Amazon Teams With Teladoc
February 28, 2022  |  Connected Economy

Today in the connected economy, Teladoc Health launches a partnership with Amazon, while General Motors prepares to launch dozens of new subscription services. Also, the...

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