Wamda

U.A.E

Uber confirms Careem acquisition for $3.1 billion

Uber, the US-based ride-hailing giant has acquired UAE-based Careem in a deal worth $3.1 billion in a cash and stocks transaction. Uber will pay Careem $1.4 billion in cash and the remain...

careem Uber acquisition

Sudan

In conversation with Mohamed Elzakey of Sudan's Tirhal

Sudan’s startup ecosystem is seldom highlighted as one of opportunity due the country’s weak economy, high level of inflation and growing tensions toward the government. But amid...

ride hailing careem

Egypt

Cairo: the world's test-bed for transportation

Last week, Dubai-based ride-hailing app Careem launched an on-demand tuk tuk service in Cairo without any fanfare. The move marked the increasing competition in the city’s transport se...

cairo ride hailing ride sharing

Egypt

Egyptian pet-care startup VetCode raises 450,000 in seed funding

Source: Startup Scene Egypt's pet-care startup, VetCode, raises seed funding at $450,000 pre-money valuation from Pmaestro on Friday, December 21st. VetCode is a Cairo-base...

#investment #Egypt

U.A.E

Careem establishes new company with Dubai Road and Transport Authority

Careem has partnered with Dubai’s Roads and Transport Authority (RTA) to launch an E-Hail taxi joint venture. The new company will launch in April 2019 with its name and logo to...

#Transport #tech #News

Saudi Arabia

Careem Launches Careem NOW in Dubai and Jeddah

Careem has launched an online delivery market service for food and other goods in Dubai and Jeddah. Called Careem NOW, the company plans to invest more than $150 million in the new service, ...

#Careem #News #Jeddah #Dubai #FoodDelivery

Egypt

Competition heats up for Cairo's ride-hailing apps

The first announcement at this year’s RiseUp Summit in Cairo came from Halan, a motorcycle and tuk-tuk-hailing app. Following on from closing its Series A investment earlier this week,...

ride hailing careem Uber

Egypt

Careem launches bus service in Cairo

Careem has launched a new service, Careem Bus, with an initial launch in Cairo in a separate application from its ride-hailing service. Customers will be able to choose the pick up ...

careem travel tech ride hailing

Regional

Careem introduces credit transfer

Careem has introduced peer-to-peer (P2P) prepaid credit transfers across all its markets. The closed-loop feature enables users to instantly transfer Careem prepaid credits on the app&#39...

careem

Regional

Is your education limiting your career options?

Hisham Elaraby Regional Director at Udacity Mena There is an enormous gap between the size of the opportunity and the amount of people who are qualified to seize it. Yet, t...

Education Learning upskill

U.A.E

Careem closes $200m in latest round

Ride-hailing app Careem has secured $200 million from existing investors including Al Tayyar Group, Kingdom Holding and Rakuten in the first close of a $500 million Series F investment round...

careem investment round

Oman

Careem resumes service in Oman

Careem has re-launched its services in Muscat after partnering with local taxi operator, Marhaba Taxi. The UAE-based ride-hailing app was suspended from operating in the country last ye...

Muscat careem

Global

What does Careem’s expansion to Sudan mean for local players?

Sudan, a country with a population of around 40 million, has gone both unnoticed and untouched by regional and international tech players, and for good reason. The economy today is strugglin...

careem Sudan Expansion

Regional

Automated vehicles can reduce CO2 emissions by 60 percent and two regional startups are taking note

Not too long ago, Tesla Model S and General Motors Chevy Bolt have been involved in two separate road accidents in California. Tesla bumped into the rear of a fire engine, and General Motors...

Automated Vehicles Derq Careem Pods

Iraq

Careem debuts in Iraq

Careem, the region’s leading ride-hailing service in the MENA, Turkey and Pakistan, expanded its services into the Republic of Iraq, as part of its broader commitment to improving tran...

careem baghdad iraq

Regional

UAE startups attracted $400 million of VC funding in 2017

2017 witnessed 134 funding deals of 129 startups in 12 countries across the MENA, which brought in around $475 million worth of investments, said MENABytes’ 2017 MENA Venture Report. ...

MENABytes Dubai MENA

Regional

Will MENA’s on-demand startups become sustainable businesses?

On-demand startups, the so-called ‘Uber for X’ of startups, are those that provide immediate service by dispatching someone to your very doorstep. The person in question could be...

On-demand startups Technology entrepreneurship

Global

Careem partners with Chinese Didi Chuxing to accelerate innovation in the region

Careem, the ride-hailing and internet platform in the Middle East and North Africa, announced yesterday a strategic partnership with Didi Chuxing, one of the world’s largest mobile tra...

uae china careem

U.A.E

When an investment expert gets on board

Careem, the leading ride-hailing service in the Middle East and North Africa, announced today the appointment of Zach Finkelstein as vice president of corporate development to accelerate the...

careem Zach Finkelstein Lumia Capital

Regional

Investors, brace yourselves for the aftermath of unprofitable unicorn IPOs [Opinion]

The fundamental idea behind Initial Public Offerings, or IPOs, is that when companies need capital, they get themselves listed on public exchanges such as the NYSE and NASDAQ, instead of app...

oped IPOs Funding

Regional

Entrepreneurship is disrupting MENA’s real estate and retail gurus

The first half of 2017 was an exciting one for enterprises and startups in the MENA region with mega deals taking the ecosystem by storm. Though some believe it is nothing but a normal evolu...

acquisition VC investment Real Estate

Egypt

Careem announces $500K investment in public transportation startup Swvl

This news was updated to include an exclusive interview with Mudassir Sheikha, the cofounder and managing director of Careem. Careem, the leading ride-hailing service in the MENA, a...

careem public transport Bus Pooling

Regional

How mobile and digital transform the shared Ramadan experience

Technology and digital communication are impacting people’s interactions and activities during Ramadan. Freemium mobile apps like Iquran and Muslim Pro, which launched in Ramadan 20...

Ramadan YouTube snapchat

Regional

Exponential growth wasn’t built in a day [Podcast]

“Everyone has the Middle East at the bottom of their pyramid,” said Fadi Ghandour, Wamda’s executive chairman, and “that’s good for you [startups in the Arab wo...

Souq.com Namshi careem

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