Application-based car service Careem has announced plans to invest $100m in research and development over the next five years. Under the plans, the company will expand its teams in the UAE and ...

It’s called Careem and it’s the ride-hailing company that’s bigger than Uber in the Middle East. It’s also one of only two billion-dollar start-ups – or “unicorns” – in the region.

Mudassir Sheikha likes to tell the story of Careem’s growth in chapters. The first began in 2012, when Sheikha and Magnus Olsson co-founded the company as a corporate car booking service in Dubai.

This article is more than 6 years old. After months of speculation, it has been confirmed that Uber plans to acquire its Middle Eastern rival Careem in a deal worth $3.1 billion. The transaction ...

Multi-service app Careem released its customer trends data from 2023, including some of its more peculiar highlights of the year. Established in 2012, the app provides over 20 digital services in ...

DUBAI, April 10 (Reuters) - Emirates Telecommunications Group Company (EAND.AD), opens new tab has agreed to take a 50.03% stake in a super app managed by Careem, Uber Technologies' (UBER.N ...

Careem, Uber's biggest rival in 80 cities across 12 countries in the region, reportedly raised another $150 million, finishing up a $500 million Series E funding round the company confirmed in ...

Careem, the Middle East-based ride-hailing company that Uber bought in 2019, is spinning out its super app business into a new startup backed with $400 million from Emirates Telecommunications ...

It’s called Careem and it’s the ride-hailing company that’s bigger than Uber in the Middle East. It’s also one of only two billion-dollar start-ups – or “unicorns” – in the region.