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-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.
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.
The Dubai RTA has announced the completion of 75 projects as part of the Smart City and Artificial Intelligence Programme.
The Dubai Roads and Transport Authority (RTA) has reportedly completed the installation of Point of Sale (POS) devices across the entire fleet of taxis in the emirate comprising of 10800 vehicles to ease the payment of taxi fares.
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 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.
Uber Technologies is in advanced discussions to buy its Dubai-based rival Careem Networks, according to a Bloomberg report.