ticket to ride

Uber increases Careem stake in $100 million deal with e&

Uber’s $3 billion purchase of the Careem ride sharing business gave it access to Middle East markets in Egypt, Jordan, Saudi Arabia and the UAE

Christopher Pike/Bloomberg via Getty Images

Uber and Careem share space at airport pickup zones

Uber boosted its stake in UAE-based delivery and payments app Careem, three years after the “everything app” was spun out from the Careem ride-share business which the U.S.  company acquired in 2020. 

Uber Technologies acquired a further 12.5%...