Careem Networks, the Middle East’s leading private car booking service acquires Morocco based car booking service TAXIII’s assets and brings founder, Yassir El Ismaili and all TAXIII team onboard. Careem, which serves 14 cities across the Middle East, will expand into Rabat and Casablanca initially,...

Creating a virtuous circle that will have exponential positive impact on the future of the Arab region, both economically and socially, may seem to be a daunting task, but Arab business leaders who converged at DAVOS this weekend to debate global issues for a better tomorrow, may have come closer to...

Uber raised $1.2 billion in its latest funding round and had additional capacity remaining for strategic investments, valuing the U.S. taxi service firm at $40 billion. New investors in the startup’s latest round of funding includes Middle East sovereign wealth fund Qatar Investment Authority. Qatar...

Dubai based start-up Careem, which operates an online chauffeur-driven car booking service, announced that it has raised about $10 million investment in a round led by Saudi’s Al Tayyar Travel Group, STC Ventures and other regional investors. The company said that it will use the cash infusion to expand...

Easy Taxi, one of the world’s leading mobile taxi apps, is one of the first two companies to secure funding from “Mobily Ventures”, the Corporate Venture Capital arm of Mobily, the leading telecommunication operator in Saudi Arabia. This brings Easy Taxi’s total funding to $77 million. Easy Taxi...

Uber the Transportation App today announced its first Middle East outpost with rides in Dubai. Uber’s Anthony El-Khoury in a blog post said the company is still in the early stages of testing, so Dubai riders can expect a limited number of cars for now. Dubai residents or tourists in the city will...