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Ubers competitors and businesses in the gig economy will also be considering what this means for them. (Photo: AP)

Uber acquires rival Careem for USD 3.1 billion

Uber will acquire all of Careen's mobility, delivery and payments businesses across the greater Middle East region.

27 March 2019 2:46 PM IST

Uber has been seeking new avenues of growth, including food delivery services, even as it battles intense competition in its core business of ride hailing.

Uber could announce USD 3 billion deal with Careem early this week

Uber has been preparing for an initial public offering, and its bankers have indicated that it could be valued at USD...

25 March 2019 10:24 AM IST

Uber has been seeking new avenues of growth, including food delivery services, even as it battles intense competition in its core business of ride hailing.

Uber could announce USD 3 bn deal with Careem early this week: sources

Uber will pay USD 1.4 billion in cash and USD 1.7 billion in convertible notes.

25 March 2019 8:36 AM IST

Careem will compete against several local ride-hailing apps, such as Tirhal, but not Uber Technologies itself.

Uber-rival Careem starts services in Sudan

Careem, which said its services were now available in Sudan's capital Khartoum, has hired 10 Sudanese employees.

10 Sept 2018 8:28 AM IST

The bug in the Uber software was not a one-off case and had been experienced by other users. (Photo: Representational Image)

Egypt govt wants to track Uber, Careem passengers?

Egyptian government has reportedly asked Uber to grant them access to Heaven a tool that live-tracks user's travel...

12 Jun 2017 3:05 PM IST