Uber completed a $3.1 billion takeover of the Dubai-based ride-hailing app Careem earlier this month. Careem is a wildly popular service only available in 15 countries across the Middle East and North ...

SAN FRANCISCO/DUBAI (Reuters) - Global ride-hailing firm Uber Technologies Inc will spend $3.1 billion to acquire Middle East rival Careem, buying dominance in a competitive region ahead of a hotly ...

DUBAI, United Arab Emirates — Uber-owned ride-hailing service Careem announced Monday a spinout with major backing from a new source, as well as from its parent company. Tech holding company e&, ...

SAN FRANCISCO & DUBAI--(BUSINESS WIRE)--Uber (NYSE: UBER) today confirmed the official close of the previously announced acquisition of Careem for $3.1 billion. Careem Networks FZ-LLC has become a ...

Consumers in developed economies spend considerable time (and money) on their smartphones and mobile applications (apps) are a big reason why. That phenomenon is also applicable and growing in ...

Ride-hailing service Uber announced on Tuesday it has acquired Mideast competitor Careem for $3.1 billion, giving the San Francisco-based firm the commanding edge in a region with a large, young, tech ...

Careem, the Dubai-based ride-hailing and delivery company that was acquired by Uber last year, is cutting its workforce by 31% and suspending its mass transportation business due to affects from the ...

SAN FRANCISCO & DUBAI--(BUSINESS WIRE)-- Uber (NYSE: UBER) today confirmed the official close of the previously announced acquisition of Careem for $3.1 billion. Careem Networks FZ-LLC has become a ...