Thu 4th July 2019
Careem NOW data shows that healthy intentions falter as the week goes on
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Careem in the News
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Uber completes $3.1 billion deal to buy Dubai's Careem
Uber completed the $3.1 billion acquisition of Careem’s businesses across the Middle East. The Dubai ride-hailing company retains operational and brand independence even as it becomes a wholly-owned subsidiary of the American firm. Careem co-founder Mudassir Sheikha also remains chief executive. Its board will be made up of three representatives from Uber and two representatives from Careem.
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Careem delivers ride-hailing to Iraq's second-largest city Basra
Ride-hailing company Careem has extended its services to the southern Iraqi city of Basra in the latest expansion for the company. It currently operates in Baghdad and Najaf and has an ongoing pilot project in Erbil. The service will use existing taxis throughout the city, catering to a population of around 2.5 million.
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Careem acquires Abu Dhabi's Cyacle bike-share company
Careem has acquired UAE-based bike-sharing company Cyacle for an undisclosed sum as the ride-hailing company makes its first foray into "micro-mobility" - an increasingly popular service providing easy access to scooter and bike rentals in urban areas.
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Uber's Mideast Addition Careem Offers Bus Hailing to Pilgrims
Careem, which agreed in March to be bought by the U.S. mobility pioneer for $3.1 billion, will provide direct rides between Jeddah on the Red Sea to the holy city of Mecca for 25 riyals ($6.70) each way, a distance covering about 85 kilometers (53 miles.)
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Careem Shares Plans To Become The Super App Of The Middle East
Careem leveraged the existing infrastructure built out for its ride-hailing service to launch online delivery for goods and services with initial efforts focused on foodservice. It also launched peer-to-peer, closed loop and prepaid credit transfer service to its consumer base. More recently, it introduced a rewards program.
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Dubai government to launch taxi venture with ride-hailing service Careem
DUBAI, Dec 23 (Reuters) - Dubai’s transport regulator is to launch a new taxi service with Careem, a ride-hailing rival to Uber in the Middle East.
The emirate’s Roads and Transport Authority (RTA) said the deal was the first in the world between a state transport authority and a private sector ride-hailing service
Dubai government to launch taxi venture with ride-hailing service Careem
The ride-hailing giant Careem is now in the delivery business as the company seeks new verticals in its ever-increasing fight against other services in the Middle East, including Uber. Starting with food delivery in Dhabi and Jeddah.
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