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 ...

Uber's $3.1 billion acquisition of Careem, a major rival in the Middle East, closed on Friday after being announced in March. For Uber, it's a way to buy dominance in a fiercely competitive region.

Companies like Grab and GoJek in Southeast Asia and Careem in the Middle East are making aggressive moves into areas well beyond transportation, hoping to make both consumers and businesses ...

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, 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 ...

To mark the launch, Careem is offering Abu Dhabi customers 50% off their first five grocery orders with the code GRAB50. Image: Supplied Careem announced the expansion of its grocery segment to Abu ...

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.