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. […]
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Careem Iraq testing ride-booking via WhatsApp
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 […]
Careem extends service to Basra
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)
Uber Acquires Careem to Expand in Middle East
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 […]
Ride-Hailing Service is Launched in Baghdad
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)
Tags: Baghdad, Careem, DJ, dubai, featured, ride hailing, ride sharing, taxi, uber, United Arab Emirates (UAE)
Iraqi Entrepreneurs find Success in Smartphone Apps
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 […]