Latest in Tag: Careem Highlight
Latest in Tag: Careem
Uber follows Careem, raises its prices
Basic tariff at EGP 6 for UberX, EGP 1.85 per km
Careem invests in local Egyptian start-up Swvl, bringing low-cost transportation options to region
Company plans to soon launch operations in Alexandria: Kandil
Careem raises tariff after fuel price hikes, Uber still studying
Minimum set at EGP 5.5, EGP 2.21 per km
Careem is studying new fare scheme with specified increase percentages
Following the recent fuel price increase announced by the Egyptian Cabinet on Thursday, Careem confirms that it will not be possible for both the company and the “Captains” (drivers) to bear this increase. Correspondingly, the company is studying a new fare scheme with specified increase percentages and will announce the new prices at the suitable …
Providing support for startups is one of ministry’s main goals: Sahar Nasr
Government approved a draft law regulating the use of private cars for Uber and Careem
Careem cooperates with Total to raise awareness for road safety
Total serves 400,000 customers annually in Egypt, says LePetit
Startups in the Middle East: a fun(ding) adventure
The Middle East is a region of great opportunity. We have a large and young population with more than its fair share of problems, and as every entrepreneur knows, every problem is an opportunity; the bigger the problem, the bigger the opportunity. As a region, we are also one of the largest exporters of capital …
Administrative court postpones lawsuit to suspend licensing of Careem and Uber to 14 May
Taxi drivers had previously successfully appealed a decision to suspend licensing
Egyptians’ work attitude from the perspective of Uber & Careem
“I will reach you in just a few minutes,” a driver of one of the new transportation application companies told me recently—which concluded in my being picked up half an hour later. The dilemma of such applications is that most of the drivers don’t take into account the fact that the application technology determines their …
Taxify to expand to coastal cities, offer new fare for summer trips
Fare begins at EGP 5, EGP 1.4 per km, says Sabry
Can Fakharany resort to international arbitration against Careem?
The right to resort to international arbitration has to be stated in the contract, says legal expert
Fakharany may go to international arbitration against Careem
No lawsuits have been filed against the company in Cairo and Dubai, according to sources
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 …
Careem appoints Ramy Kato as chief operating officer in Egypt
Kato replaces Fakharany, who resigned last week
Careem targets expansion in 40 cities nationwide in 2017
We have agreed with a financing company to fund the purchase of cars for those who want to work for Careem, Shalaby says
Careem launches UNHCR car to collect funds for refugees
Programme will benefit refugees, asylum seekers, and internally displaced persons in MENA
Egypt assigns legalisation of online cab-booking to Investment Ministry
The company follows up on the developments of the legalisation process to adjust its situation in the market, says Fakharany
Careem targets 30% month-on-month growth in business size in Egypt during 2017
Careem Egypt aims to achieve a 30% month-on-month growth rate in the size of its business throughout 2017, according to Careem’s Cairo General Manager Hadeer Shalaby. Careem is an online transportation company that connects passengers with drivers via a mobile application. Shalaby told Daily News Egypt that the company also aims to increase the number …
Careem increases its capital to $350m in December, backed by Elsewedy Electric
The company has 50,000 drivers in Egypt and works in 52 cities around the world, El-Fakharany says
New European competitor for Uber, Careem, Ousta in Egypt
Taxify, an Estonian company, announced that it will expand and open a new branch in Egypt.
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 …
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 …
Ousta accuses Uber of monopoly, complains to ECA
Uber practices flood the market and eliminate competition, says El-Batrawy
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, …
Careem plans to expand in all Egyptian governorates within 2 years
96% of time spent in cars wasted, 20% of cities turned into garages: Waked
Abdellatif Waked, Uber Egypt’s general manager, said that Uber has been operating worldwide for over seven years in 700 cities around the globe. He noted that the service it provides is complementary and does not seek to compete with the public transportation system. He expressed his contentment with the company’s business in Egypt, saying that …
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, …
Uber, Careem drivers launch Facebook campaign to increase their profit share
The drivers will shut down the mobile application one day per week to pressure their companies
Careem registers 30% monthly growth in 2016
We train 10,000 drivers per month, says Careem’s managing director
Coca-Cola, PepsiCo, Vodafone, Careem participate in CCPlus’ event ‘Narrative’
The idea of “Narrative” is to empower PR and enable it to be part of all of disciplines that touch the lives of the people, Kamel Said.