Toyota Motor will reportedly invest $500 million in Uber Technologies to jointly work on developing self-driving cars, the companies announced recently.
Uber is planning to shift from cars to electric bicycles for shorter journeys as part of its long-term strategy, according to the ride-hailing firm’s CEO Dara Khosrowshahi.
Dubai Internet City (DIC) and Dubai Science Park (DSP) teamed up to bring back the e-waste collection drive to their communities in collaboration with Uber and Averda.
Middle East ride-hailing app Careem is reportedly in talks to raise as much as $150 million from existing investors to launch its food delivery business as early as September.
The MAGNiTT Exit report in 2017 revealed that there was a total of 60 startup exits – the point an investor (usually a venture capitalist) sells their stake in a firm to realise their gains – across the MENA in the years of 2012 to 2017.
The last two and half years haven’t been easy for Uber Technologies. Post the exit of its former CEO Travis …
Uber is reportedly in “preliminary talks” with local competitor Careem to strike a deal that would see the two companies merge.
Uber Technologies is in preliminary talks with rival Careem to combine their Middle Eastern ride-hailing services, Bloomberg reported, citing three people familiar with the matter.
Women in Saudi Arabia can now legally get behind the wheel of a car for the first time as the kingdom lifts its longstanding ban on women driving.
The company has reportedly launched a registration portal that will serve as a one-stop shop for Saudi women interested in driving on Uber.