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Showing results for tags 'careem'.
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Now that's what sounds like a MEGA acquisition and real win-win game changer for both Careem and UBER in the Middle East market. Uber agreed to acquire Careem for $ 3.1 billion, consisting of $ 1.7 billion in convertible notes and rest $ 1.4 billion in cash. This transaction is expected to close within a year's time. Source: https://www.khaleejtimes.com/business/uber-acquires-dubai-based-careem-for-31-billion
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Which is the most preferred Taxi service/Ride-hailing app here on Carnity? Personally, I find Careem has very good business partners to redeem points such as Emirates Skywards and Etisalat. Whats your preference when you have to send your wife/gf to somewhere where you dont wanna drive yourself. 😎
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Dubai-based ride-hailing company Careem Networks FZ launched its car service in Turkey just last year and is now abandoning it to shift its attention towards the $1.5 billion taxi market. Talking about the decision, Ibrahim Manna, the managing director of emerging markets at Careem stated that the company is in talks with some potential partners to improve the quality of the taxi service in the region. Other news suggests that Careem’s rival, Uber Technologies which is another San Francisco based ride-hailing company, plans to acquire Careem and expand its operations in the Middle East as well. Both Careem and Uber have faced government crackdowns and have paid a huge amount of fine in their attempt to launch the ride-hailing service in Turkey. Although these ride-hailing companies offer a much better ride quality and comfort compared to a regular taxi, they are definitely giving a hard time to the traditional cab drivers. Share your opinion with us whether you prefer these ride-hailing services or love traveling in the regular taxi.
