Uber launches Connect in Egypt to transport and deliver packages

Mon, 17 Aug 2020 - 12:09 GMT

Egypt is the first country to roll out the product in MENA to support locals as the country coexists with the virus.

Uber launches its intercity bus service in Egypt

Mon, 20 Jul 2020 - 02:44 GMT

The launch comes as part of Uber’s continuous efforts to adapt its technology to build a wide range of products that meet the needs of local markets.

Uber launches safety measures, new on-trip protocol as Egypt coexists with COVID-19

Mon, 29 Jun 2020 - 10:16 GMT

According to the ride hailing company, it is taking unprecedented actions to help everyone who uses its app stay safe and healthy while on trip.

Egypt is the largest market for Uber in Africa: Uber VP

Wed, 22 Jan 2020 - 02:06 GMT

They expressed in a meeting with Minister of International Cooperation Rania al-Mashat their desire to increase fruitful cooperation with the Egyptian Government.

Uber, Careem join forces to deliver exceptional outcomes for Egypt

Sun, 29 Dec 2019 - 12:28 GMT

Uber'sspokesperson stated thatUberwelcomedthe Egyptian Competition Authority's decision to approve Uber's pending acquisition of Careem.

Uber expands Bus service across Egypt, exports it to 2 countries

Sun, 24 Nov 2019 - 03:24 GMT

“We are deeply gratified to hear the President’s appreciation for Uber’s social and economic impact," GM of Uber Middle East and Africa Anthony Le Roux said.

Ride-hailing market revs up in Egypt

Thu, 07 Nov 2019 - 10:18 GMT

The biggest players are Careem and Uber, which had its IPO in May and posted a wider third-quarter loss on Monday as it tries to outspend competitors.

Egyptian transport start-up Swvl targets expansion in Africa, Asia

Mon, 16 Sep 2019 - 06:09 GMT

Egyptian transport technology start-up Swvl will expand into two cities in Pakistan in the next two weeks.

The answer to Uber's profit challenge? It may lie in its trove of data

Thu, 09 May 2019 - 09:44 GMT

To Wall Street, it may not matter much. The company’s growth rate slowed to 2.3% in the fourth quarter over the previous quarter, which makes its annual loss of more than $3 billion all the more worrisome.

ECA receives formal communication of Uber-Careem acquisition

Wed, 27 Mar 2019 - 12:18 GMT

Both parties will not implement the agreement until ECA renders a final decision.

Kingdom Holding receives SAR1.25B from Uber-Careem deal

Tue, 26 Mar 2019 - 01:58 GMT

The company would receive SAR 565 million in cash, as well as the acquisition of convertible bonds at Uber for SAR 685 million.

Uber acquires Careem for $3.1B

Tue, 26 Mar 2019 - 09:12 GMT

The transaction is expected to close in Q1 2020.

Egypt's top administrative court lifts ban on Uber, Careem services

Sat, 23 Feb 2019 - 12:04 GMT

Egypt's top administrative court on Saturday lifted a ban on operations by ride-hailing companies Uber and Careem.

Egypt to collect VAT from Uber

Mon, 18 Feb 2019 - 01:46 GMT

This agreement comes as a result of the fruitful cooperation between the Tax Authority and Finance Ministry to settle any tax or customs conflict.

Court sets Feb. 23 for ruling on appeals in Uber and Careem case

Sat, 26 Jan 2019 - 02:24 GMT

The two companies affirmed in their appeal that their applications were legal and licensed by the Investment Ministry.

Nasr discusses with Uber increasing investments in Egypt

Wed, 09 Jan 2019 - 09:53 GMT

The talks took up means of increasing the company's activities in Egypt.

No Uber or Airbnb in South Korea: Red tape, risk-aversion hobble start-ups

Tue, 18 Dec 2018 - 09:47 GMT

His pitch worked: Hyundai agreed to buy a 12 percent stake in Luxi for $5 million, its first investment in a car-sharing firm as it joined rivals in the race for new-age transportation.

Uber makes confidential filing for long-awaited IPO

Sun, 09 Dec 2018 - 09:38 GMT

Uber Technologies Inc has filed paperwork for an initial public offering, according to three people with knowledge of the matter.

Uber follows Careem, launches Uber Bus in Egypt

Tue, 04 Dec 2018 - 03:58 GMT

According to Uber, this step comes within the framework of the company’s plan to pump investments in Egypt by $100 million within 5years.

British and Dutch regulators fine Uber for 2016 data hack

Tue, 27 Nov 2018 - 11:01 GMT

The Information Commissioner’s Office in Britain fined the company 385,000 pounds while the Dutch Data Protection Authority imposed 600,000 euro fine.