Dubai-based Careem, a subsidiary of Uber which performs similar ride-hailing business, announced it would be laying off 31 percent of its workforce due to the...
Careem, an Egyptian domestic rival to U.S.-based Uber, is set to be acquired by their global competition giant. Regulators approved the $3.1 billion deal after...
Grab has announced that it’s expanding so users of the ride-hailing service in Singapore, Malaysia and the Philippines will be able to book rides when...
From the ashes of WeWork’s failed IPO … more ashes? Perhaps so, at least for the traditional IPO model. Other money-losing firms are seeing their...
Uber coughed up over $3 billion to get its hands on Dubai’s ride-hailing startup Careem, the Financial Times reported on Wednesday (Oct. 2). Founded in...
Uber said Thursday (Sept. 12) that it will tap $750 million in debt financing to help fund its $3.1 billion buy of Careem, a ride...
Less than a year after the ride-hailing company rolled out in Sudan, Careem has concluded its operations in the country, with a planned takeover by...
Uber, the ride-hailing startup, is reportedly gearing up to make a $3 billion bid for Careem Networks, the Dubai-based ride-hailing company. According to a report...
Ride-hailing and food delivery app Uber is reportedly in “advanced” talks to buy Careem, a Dubai-based rival, according to reports. The deal would help to...