Ride-hailing giant Uber and its UAE-based partner Careem have reportedly stopped their cheapest ride options in Dubai, following a decision by the Roads and Transport Authority (RTA).
Uber has announced the roll out of the “Check Your Ride” in-app reminders and push notifications to all riders across the region where it operates, just as it did in the United States in April.
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.