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Details of the final trip of Fakharany in Careem

After Wael Fakharany was dismissed from his post at Careem earlier this week, an exclusive source in Careem told Daily News Egypt that the main reason behind the removal of Fakharany from his post as head of the company was his alleged disregard of workers, managers, and officials in the company, as well as making …

Mohamed Alaa El-Din

Uber is most affordable ride in town according to latest fare rates

After thorough studies on balancing fare rates with the current economic situation in Egypt, Uber has increased its fare prices to suit the new raise in prices, specifically vehicle prices and fuel prices, which saw a recent increase of 35%. Taking into account the interest of the riders and drivers on the platform, Uber is …

Mohamed Alaa El-Din

Careem expands services to include 3 new Pakistani cities

Careem, the company specialised in booking cars through a smartphone application, has announced that it will expand the range of its services to include more than 50 cities in the Middle East and North Africa, South Asia, and Turkey, as the company launched its services in three new cities in Pakistan. “Our main goal is …

Daily News Egypt

Careem becomes MENA’s second unicorn, raises $350m

  Ride-hailing app Careem announced closing an initial investment round of $350m, as part of a $500m funding round. The investment of $350m was co-led by Japan’s Rakuten Inc. and telecom operator Saudi Telecom Company (STC). Up until now, investors in Careem include Abraaj Group, Al Tayyar Group, Beco Capital, El Sewedy Investments, Endure Capital, …

Daily News Egypt

Uber to give drivers daily bonus to face fuel price increase

Uber modified its driver payment system after the increase of fuel prices a few days ago. The company introduced a daily bonus to ensure the increase of the drivers’ daily income, while the value of the bonus will be calculated in accordance to the number of trips driver concludes. According to an official in Uber, …

Mohamed Alaa El-Din

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