Bitcoin has jumped to a near 15-month high above $11,000, after jumping more than 10 percent over the weekend, Reuters reported.
UAE Minister of Economy Sultan bin Saeed Al Mansoori has issued a ministerial decision approving the upcoming acquisition of Careem by global firm Uber.
Uber Eats, the global platform for on-demand food delivery, has announced that it will begin testing the first-ever commercial application of drone food delivery in high-density urban areas.
Careem has entered the micro-mobility space with the acquisition of Cyacle, a UAE-based bikeshare service.
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.
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.
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.
Uber Technologies is in advanced discussions to buy its Dubai-based rival Careem Networks, according to a Bloomberg report.