Careem
Careem Egypt announces increase to transport fare
Egypt
July 6, 2019
Careem Egypt announces increase to transport fare
Careem Egypt has announced an increase in its base fare following the recent fuel price hikes on Friday. The price…
ECA publishes questionnaires on $3.1 billion Uber-Careem acquisition deal
Egypt
March 31, 2019
ECA publishes questionnaires on $3.1 billion Uber-Careem acquisition deal
The Egyptian Competitive Authority (ECA) has published several social media questionnaires asking drivers and passengers to give their opinions on…
Uber acquires Careem amid concerns over better services
Egypt
March 27, 2019
Uber acquires Careem amid concerns over better services
Uber bought out biggest prior rival ride-hailing service Careem Networks FZ for $3.1 billion, the largest deal cut by Chief…
Bloomberg reveals Uber’s plan to acquire rival Careem
Egypt
March 25, 2019
Bloomberg reveals Uber’s plan to acquire rival Careem
Uber, the ride-hailing giant, is currently working on a deal to buy out its Middle East rival Careem for US$1.4…
Uber finally responds to Egypt’s Value Added Tax Law
Business
February 20, 2019
Uber finally responds to Egypt’s Value Added Tax Law
Ride-hailing app Uber will finally pay the Value Added Tax (VAT) in Egypt, fulfilling Law No. 67/2016, Minister of Finance…
Careem to inject investments up to US $120 million in 2019
Business
December 23, 2018
Careem to inject investments up to US $120 million in 2019
Careem CEO Wael Abu al-Ella stated on Saturday that the company would inject investments up to $120 million in…
Uber considers buying Careem: sources
Egypt
September 18, 2018
Uber considers buying Careem: sources
Uber, the company behind the world’s most-used ride-sharing app, is considering acquiring its biggest competitor in the Middle-East, Careem,…
Uber-rival Careem expands services into Sudan
Technology
September 9, 2018
Uber-rival Careem expands services into Sudan
Middle East ride-hailing firm Careem said on Sunday it had started a service in Sudan, one of few international…
Uber, Careem deny signing merge contracts: Egyptian Competition Authority
Egypt
September 3, 2018
Uber, Careem deny signing merge contracts: Egyptian Competition Authority
Car service providers “Uber” and “Careem” denied on Monday any news about signing contracts that would allow Uber to…
Egypt’s Competition Authority requests data on Uber-Careem’s potential merger
Egypt
August 6, 2018
Egypt’s Competition Authority requests data on Uber-Careem’s potential merger
The Egyptian Competition Authority are working on a full-fledged report on the potential impact of huge merger deal between…