Category: careem

Uber clears a key hurdle to buying its Middle Eastern rival

Post author By Randall
Post date December 29, 2019
Categories In acquisition, careem, egypt, gear, Internet, middle east, Politics, regulation, ridesharing, services, Tech, Transportation, Uber

[ad_1] The company will have to drop exclusivity deals with partners and intermediaries. It’ll also cap its fare increases (beyond inflation) to 10 percent for its most common Uber X and Careem Go tiers. Surge pricing, meanwhile, can’t jump beyond 2.5 times the normal rate and can’t be applied to more than 30 percent of […]

Uber is expected to buy its Middle Eastern rival Careem

Post author By Randall
Post date March 24, 2019
Categories In acquisition, careem, gear, Internet, middle east, ridesharing, services, Tech, Transportation, Uber
No Comments on Uber is expected to buy its Middle Eastern rival Careem

[ad_1] We’ve asked Uber for comment. The move might be a shrewd one. Uber is believed to be publicly filing for its IPO in April, and snapping up Careem would give investors an extra reason to back the company. On top of that, one of the company’s largest backers is a Saudi Arabian wealth fund […]