UAE Minister of Economy Sultan bin Saeed Al Mansoori has issued a ministerial decision approving the upcoming acquisition of Careem by global firm Uber.
Dubai Customs has announced that its “Productivity Engine” has been approved by the Dubai Executive Council to be used at the government departments level, WAM reported.
Dubai-based ride-hailing firm Careem has reportedly launched it Careem Bus service in Saudi Arabia with Jeddah as the first city of operations.
Trukkin Middle East has raised over $3.5 million in its latest funding round as the technology-driven logistics firm looks to scale up its services across the GCC.
Careem has entered the micro-mobility space with the acquisition of Cyacle, a UAE-based bikeshare service.
Bosch has partnered with Powercell Sweden AB, the Swedish manufacturer of fuel-cell stacks, to develop polymer-electrolyte membrane (PEM) fuel cell ready for production.
Uber has appointed Mohammad Bakr Gazzaz as the new General Manager for Saudi Arabia. As part of his role, Gazzaz will focus on closely aligning Uber’s efforts with Saudi Vision 2030.
Etihad Cargo has made steps to solidify its position as a regional leader in the air cargo digitalisation and innovation community, six months after migrating to a new technology platform.
Uber has recently announced the launch of a new “Women Preferred View” feature for women drivers in Saudi Arabia, which provides them with a choice in selecting a preference to be connected to women riders.
The Dubai RTA has inaugurated the first factory in the world that uses robots in the manufacturing of vehicle number plates, with a capacity of 33,000 plates per day.
Uber Technologies has finally filed its much anticipated initial public offering (IPO) with the US Securities and Exchange Commission.
Dubai’s Roads and Transport Authority (RTA) has recently started the installation of Smart Fare Gates at Metro Stations of Route 2020 Project.
Uber’s acquisition of the Dubai tech unicorn Careem will be completed within seven to eight months, according to the ride-hailing firms’ CEOs.
Uber and Careem have reached an agreement for Uber to acquire Careem for $3.1 billion, consisting of $1.7 billion in convertible notes and $1.4 billion in cash.