Egypt’s Administrative Court to consider lawsuit on canceling Uber, Careem licenses next June

Wed, 15 May 2024 - 08:43 GMT

Egypt’s Administrative Judicial Court is expected to consider a lawsuit filed by a lawyer demanding the cancellation of Uber and Careem Applications licenses in Egypt, next June.

Careem to increase its investments in Egypt to $11M

Wed, 23 Feb 2022 - 08:36 GMT

Careem Egypt, the leading internet platform in technology and smart transport services, announced its investment strategy and vision in the Egyptian market for 2022.

Uber, Careem join forces to deliver exceptional outcomes for Egypt

Sun, 29 Dec 2019 - 12:28 GMT

Uber'sspokesperson stated thatUberwelcomedthe Egyptian Competition Authority's decision to approve Uber's pending acquisition of Careem.

Egypt competition watchdog approves Uber acquisition of Careem with conditions

Sun, 29 Dec 2019 - 10:56 GMT

Uber bought Careem for $3.1 billion in March in a deal expected to close in January.

Ride-hailing market revs up in Egypt

Thu, 07 Nov 2019 - 10:18 GMT

The biggest players are Careem and Uber, which had its IPO in May and posted a wider third-quarter loss on Monday as it tries to outspend competitors.

ECA receives formal communication of Uber-Careem acquisition

Wed, 27 Mar 2019 - 12:18 GMT

Both parties will not implement the agreement until ECA renders a final decision.

Kingdom Holding receives SAR1.25B from Uber-Careem deal

Tue, 26 Mar 2019 - 01:58 GMT

The company would receive SAR 565 million in cash, as well as the acquisition of convertible bonds at Uber for SAR 685 million.

Uber acquires Careem for $3.1B

Tue, 26 Mar 2019 - 09:12 GMT

The transaction is expected to close in Q1 2020.

Egypt's top administrative court lifts ban on Uber, Careem services

Sat, 23 Feb 2019 - 12:04 GMT

Egypt's top administrative court on Saturday lifted a ban on operations by ride-hailing companies Uber and Careem.

Court sets Feb. 23 for ruling on appeals in Uber and Careem case

Sat, 26 Jan 2019 - 02:24 GMT

The two companies affirmed in their appeal that their applications were legal and licensed by the Investment Ministry.

Careem to invest $100-120M in Egypt

Tue, 18 Dec 2018 - 03:58 GMT

Careem works in 14 governorates in Egypt, including Cairo, Alexandria and a number of Delta and Canal governorates.

Uber follows Careem, launches Uber Bus in Egypt

Tue, 04 Dec 2018 - 03:58 GMT

According to Uber, this step comes within the framework of the company’s plan to pump investments in Egypt by $100 million within 5years.

ECA denies transferring ownership of ride-hailing Careem company to Uber

Mon, 03 Sep 2018 - 12:48 GMT

The Egyptian Competition Authority (ECA) denied on Monday media reports that contracts were concluded to transfer the ownership of ride-hailing Careem to Uber.

Appeals in Uber, Careem case to be examined Saturday

Tue, 21 Aug 2018 - 10:11 GMT

The Higher Administrative Court examines on Saturday appeals filed by Uber and Careem against a previous ruling to halt both firms' ride-hailing services in Egypt.

The impact of Careem bikes in Egypt's street

Sun, 15 Jul 2018 - 02:05 GMT

As urban development continues to be an important national topic of discussion in Cairo’s streets, private companies are starting to take essential investment decisions to allow flexibility to travelers.

Uber in talks with Dubai's Careem to merge in Middle East

Wed, 04 Jul 2018 - 08:36 GMT

In discussions with Careem, Uber has said that it would need to own more than half of the combined company, if not buy Careem outright, according to the report.

Uber and Careem: The Cabbies' View

Sun, 27 May 2018 - 08:00 GMT

After a court case raised by taxi drivers to ban the car-hailing apps got rejected, cabbies speak out on just why they can neither beat them, nor join them.

Court sets June 2 to consider appeal filed by Uber, Careem against halt ruling

Sat, 19 May 2018 - 03:53 GMT

The Higher Administrative Court set June 2 to consider an appeal filed by Uber and Careem against a previous ruling to halt both firms' activities in Egypt.

Careem’s comment on the new ride-hailing bill

Tue, 08 May 2018 - 02:02 GMT

Ride –hailing company “Careem” issued a statement Monday regarding the new bill passed recently by the Egyptian House of Representatives.

Parliament enacts law regulating ride-hailing apps

Mon, 07 May 2018 - 02:54 GMT

The House of Representatives enacted on Monday the law for regulating ride-hailing apps like Uber and Careem.