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In "BUSINESS"
March 29, 2019
Insurance experts highlight foreign investments and savings in panel discussions
March 29, 2019
Lyft IPO sets rollout for ride-hailing, sharing economy
March 28, 2019
WTO says US failed to halt state tax subsidy for Boeing
March 28, 2019
IOT technology can unlock significant value for regional businesses
To operate as an independent company under the Careem brandUber and Careem have reached an agreement for Uber to acquire Careem for $3.1 billion, consisting of $1.7 billion in convertible notes and $1.4 billion in cash. The acquisition of Careem is subject to applicable regulatory approvals. The transaction is expected to close in Q1 2020.Uber will acquire all of Careem’s mobility, delivery, and payments businesses across the greater Middle East region, ranging from Morocco to Pakistan, with major markets including Egypt, Jordan, Pakistan, Saudi Arabia, and the United Arab Emirates.Upon closing, Careem will become a wholly-owned subsidiary of Uber, preserving its brand. Careem co-founder and CEO Mudassir Sheikha will lead the Careem business, which will report to its own board made up of...
March 28, 2019
Uber to acquire Careem to expand greater Middle East regional opportunity together
March 28, 2019
Sophos Intercept X achieves highest scores in NSS Labs AEP group test
March 28, 2019
Deal for new Sri Lanka oil refinery will take at least a year to finalize — investor
March 28, 2019
Swedbank sacks CEO, share trading halted amid scandal
March 28, 2019
Boeing adopts 'business as usual' posture at 737 media tour
March 28, 2019
Denmark asks Nord Stream 2 to assess third route option for gas pipeline
