Wamda

U.A.E

Careem introduces commission-free model for UAE restaurants

UAE-based super app Careem, has introduced a commission-free model for its restaurant partners in a step to relieve the economic impact of the Covid-19 crisis on UAE- based local eateries ac...

careem Food delivery commission-free model

Egypt

Why Belal El-Megharbel left Careem and shunned his family business

This article originally appeared on the International Financial Corporation (IFC) website. By Gloria Mwaniga Odary In 2018, when Belal El-Megharbel walked away from a flourishing career a...

MaxAB B2B marketplace

Regional

A glimpse into the Careem Mafia

When Uber acquired Careem in March 2019 for $3.1 billion, the exit was significant not only for the size of the deal, but for its ripple effect on the wider ecosystem. Over these past c...

Careeem Careem Mafia

Regional

Fenix launches in the UAE after $3.8 million seed round

Fenix, the latest UAE-based micro mobility startup has raised $3.8 million in seed funding. Founded by the former Careem executive IQ Sayed and the former regional head of Circ, Jai...

micromobility Fenix e-scooter

Algeria

temtem launches its super app

Algeria-based mobility startup temtem has launched its super app, temtem one. Founded in 2017 by Kamel Haddar, the app first started off as a ride-hailing service provider and has now bec...

Superapp temtem Halan

Global

Endeavor closes third fund with Careem and Property Finder founders among LPs

Source: Endeavor Endeavor Catalyst announced the final closing of Fund III, a $134M venture capital fund through which it plans to continue to invest in Endeavor Entreprene...

Endeavor Catalyst Fund careem Property finder

Global

How do you build a company to last?

Mudassir Sheikha and Magnus Olsson founded Careem in 2012 initially as a transportation service for the corporate world. It soon became the premier ride-hailing service in the Middle East an...

careem Mudassir Sheikha

Regional

Building a super app for the Middle East

Before smartphones and mobile app stores, the internet was dominated by a handful of web portals that offered their users several services on one platform. The homepages of Yahoo, MSN and AO...

super app careem Halan

Regional

Careem invests $50 million in super app

Careem announced the launch of its super app, combining all of its services like ride-hailing and food delivery onto one platform. The Uber subsidiary has so far invested $50 million to deve...

careem super app

Global

Online food delivery: The disruption heading to destruction

Uber Eats has exited the Middle East, or rather passed the baton onto its wholly-owned regional subsidiary, Careem. The publicly listed company made the announcement in a filing shortly befo...

Food delivery Deliveroo talabat

Regional

Careem cuts more than 500 jobs across all markets

Source: The National Ride-hailing company Careem is shedding 31 per cent of its workforce to offset the impact of coronavirus-related restrictions on its business across the Middle E...

careem

Global

Uber completes acquisition of Careem

Uber has confirmed the official close of its acquisition of UAE-based Careem for $3.1 billion, but is still awaiting regulatory approval in Pakistan, Qatar and Morocco before the transaction...

Careeem Uber acquisition

Saudi Arabia

Sadeem raises $2.6 million from Wa'ed Ventures

Source: Sadeem Sadeem, a wireless environmental sensing systems spinout company from King Abdullah University of Science and Technology (KAUST) and the world’s first multi-patented ...

Wa'ed KAUST

Regional

Looking back at a decade of entrepreneurship in Mena

This year marks a decade since Yahoo acquired Maktoob, in a deal worth $164 million. It was the first time that a technology company based in the Middle East had attracted such significant i...

entrepreneurship Yahoo! Maktoob Maktoob

Egypt

Career 180 raises $100,000 in seed funding

Egypt-based Career 180, a career advising platform, has raised $100,000 in a seed funding round from EdVentures. The startup will allocate the investment to further develop its online pl...

EdTech seed Egypt

Regional

Uber to raise $750 million in debt financing to fund its purchase of Careem

Source: MenaBytes Uber today has announced that it will raise $750 million in debt financing primarily to fund its pending acquisition of Dubai-based Careem. “[Uber] proposes to ...

ride-hailing Acquistion debt

Regional

Careem moves further into fintech

Careem now allows its users to recharge their mobile phone credit on its platform. The service is already available in Egypt, Pakistan and the UAE with Jordan to follow soon. Th...

Fintech wallet pay

Regional

Beyond the headlines - Careem, regulatory hurdles and Saudisation

A closer look at this week's top news stories Careem Earlier this week, Careem announced a line up of managing directors whose mandate will be to develop the ride-hailing platform ...

careem Uber Saudi Arabia

Qatar

Qatar blocks Uber’s acquisition of Careem in the country

Source: MenaBytes Qatar’s competition authority has blocked Uber’s proposed $3.1 billion acquisition of Careem in the country, Uber’s recent SEC filing ha...

ride-hailing careem Uber

U.A.E

Dubai halts Uber X and Careem's Go ride options

Source: The National Ride-hailing giant Uber and its UAE-based partner Careem have halted their cheapest ride options in Dubai, following a decision by the emirate's transport authori...

uae RTA careem

U.A.E

Dubai-based Oliv expands to Singapore

Source: MenaBytes Oliv, a Dubai-based youth career platform has expanded to Singapore, the startup announced last month. The announcement came few weeks after Oliv announced closing of it...

Expansion news uae

U.A.E

Careem acquires Abu Dhabi's Cyacle bike-share company

Source: The National Careem has acquired UAE-based bike-sharing company Cyacle for an undisclosed sum as the ride-hailing company makes its first foray into "micro-mobility" - a...

cycling acquisition bike-sharing

Saudi Arabia

Careem starts bus service from Jeddah to Makkah

Source: The National Careem, the Dubai ride-hailing platform that was bought by Uber for $3.1 billion (Dh11.39bn), has launched direct bus services from Jeddah to Makkah, the company...

ride hailing bus

U.A.E

Careem begins its "Chapter Two"

Careem, the UAE-based ride-hailing app which was recently acquired by US-based Uber is only just starting its “second chapter” according to co-founder Magnus Olsson. Speaking ...

careem Uber

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