Uber has launched Uber Travel in the Middle East and North Africa (MENA) region. The first announcement came on Tuesday (Jan. 3) when Uber revealed that “Smart Itineraries” would be available to users in Egypt, marking the first time a feature from the Uber Travel...
Ahead of the World Cup opening ceremony on Sunday (Nov. 20), soccer fans from around the globe have been arriving in Qatar, giving an economic boost to the country’s tourism and hospitality sector. But beyond the obvious beneficiaries of an influx of foreign visitors, World...
The food delivery space has been having a rough time lately, particularly in Europe. Since the beginning of the year, U.K.’s Deliveroo and German online delivery service Delivery Hero have lost about half of their value on the stock market, and another German on-demand grocery...
In news from the Middle East and North Africa (MENA), the United Arab Emirates is a cornerstone of the regional economy, attracting international investment and acting as a base for many global companies that do business in the wider region. But more than just a...
July 13, 2020
“Careem” is an Arabic word meaning, in part, “noble, admirable and praiseworthy.” In the case of Dubai-based ride-hailing and delivery platform Careem and its efforts to modernize payments in the Middle East North Africa (MENA) region, add “timely” to the list. The platform’s deal with Visa to bring enhanced payments together with financial management tools […]
April 10, 2023
Technology and investment group e& has acquired a majority stake in the Careem super app. With the firm’s investment of $400 million — the completion of which is subject to regulatory approvals and other closing conditions — the Careem super app will spinout from Uber Technologies subsidiary Careem, the companies said in a Monday (April 10) press release. Uber retains 100% ownership […]
July 01, 2022
Ride hailing, payments and food delivery platform Careem picked up money transfer firm Denarii for undisclosed terms, its second acquisition this week, according to a press release on Friday (July...
June 24, 2022
In today’s news, venture capital fund Presto Ventures has a new fund to help B2B startups, while delivery firm Gorillas is closing warehouses and planning to exit Belgium. VC Firm...
June 24, 2022
Careem, the Dubai-based ride-hailing company with operations in over 100 cities across the Middle East, Africa and South Asia has acquired the food delivery platform MUNCH:ON for an undisclosed sum....
