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.
Uber is reportedly gearing up to announce a $3.1 billion cash-and-share deal to acquire its Dubai-based rival Careem as early as this week.
The Dubai Roads and Transport Authority (RTA) has recently rolled out new smart cameras that measure customer’s satisfaction at four Customers Happiness Centres.
Dubai-based Trustworthy.ae Group has announced the groundbreaking of its first Inland Container Depot (ICD) and a third-party logistics (3PL) facility in Khalifa Industrial Zone Abu Dhabi (KIZAD).
Uber Technologies is in advanced discussions to buy its Dubai-based rival Careem Networks, according to a Bloomberg report.
The US Securities and Exchange Commission (SEC) is pursuing a contempt order against Tesla CEO Elon Musk, Reuters reported.
Dubai is set to play a pivotal role in shaping the future of global mobility, according to Mattar Al Tayer, Director-General and Chairman of the Board of Executive Directors of the RTA.
Dubai-based ride-hailing app Careem has launched rewards programme Careem Rewards for its 33 million users.
Dubai RTA has dispatched robots to clean metro stations as part of efforts to introduce new techniques driven by AI technology.
Dubai has launched the ‘Smart Safety Bus’ for raising the traffic awareness of students in schools within the emirate.
The UAE has earned a place in the top 10 for the second year in a row in KPMG’s Autonomous Vehicles Readiness Index (AVRI), which evaluates how prepared countries are to accommodate driverless vehicles.
Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has reviewed two models of the …
Mercedes-Benz has introduced ‘Mercedes me connect’ to the region aimed at offering its customers to become part of an intelligently connected world.