By John Lee. Uber is in discussions to enter the Iraqi market under its own brand. The company's Executive Director for the Middle East met with Transport Minister Wahab Salman Mohammed to explore the opportunity, discussing app-based transport services and knowledge exchange in the transport sector. The company's representative said that Iraq's improved security environment […]
By John Lee. Dubai-based Careem has reportedly launched its ride-hailing services in Mosul. According to a report from Arabian Business, the company plans to roll out its full suite of services in the future. Careem entered the Iraqi market in January 2018; it was bought by Uber for $3.1 billion in March 2019. More here. […]
By John Lee. Ride-hailing company Careem is reported to be testing a new system that allows people in Iraq to book rides using WhatsApp. According to al-Bawaba, WhatsApp penetration is as high as 80 percent in Iraq, a country with low internet connectivity and a high dependency on cash, so the new scheme simplifies the […]
By John Lee. Ride-hailing service Careem has reportedly started operations in Basra. According to The National, the company, which currently operates in Baghdad and Najaf, also has a pilot project in Erbil. Careem entered the Iraqi market in January 2018, and was bought by Uber for $3.1 billion in March 2019. (Source: The National)
By John Lee. Ride-sharing services Uber, from the United States, and Careem of Dubai, 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 […]
By John Lee. The ride-hailing service Careem has reportedly launched its services in Baghdad. According to Saudi Gazette, the Dubai-based company plans to expand to other cities across Iraq in the near future. (Sources: Saudi Gazette, Arabian Business)
By John Lee. At a time when the government is strapped for cash and looking to the private sector to create jobs, Iraq's young, tech-savvy entrepreneurs are finding business opportunities in mobile apps. So says a report from Associated Press, which list examples including: Wajbety ("My Meal"): a popular food ordering and delivery app based […]
