Uber is now much closer to becoming a major force in the Middle East. Egyptian regulators have approved the ridesharing giant's $3.1 billion acquisition of Careem, giving it the most significant clearance needed to complete the deal. There are stil...
Uber clears a key hurdle to buying its Middle Eastern rival
Uber is now much closer to becoming a major force in the Middle East. Egyptian regulators have approved the ridesharing giant's $3.1 billion acquisition of Careem, giving it the most significant clearance needed to complete the deal. There are stil...
Uber has confirmed it's acquiring its main rival in the Middle East, Careem, for $3.1 billion. The deal is the region's largest ever tech transaction, outside of Israel, according to the Associated Press. It gives Uber significant access to the great...
After years of backing out of major international markets, Uber appears ready to go on the offensive. Sources talking to Bloomberg claim the ridesharing firm is poised to buy Careem, its chief competitor in the Middle East, for the equivalent of $3....
Uber has faced more than a few service shutdowns over legal issues, but it just dodged a bullet in Egypt... at least, for a while. A court has negated a decision that would have suspended the licenses of both Uber and its local rival Careem for alleg...