Uber courts taxi owners in new push to increase driver numbers

EGYPT – Uber Egypt has revealed that it was seeking to incorporate existing taxi cabs into its ride-hailing services having successfully done so in other markets. Uber said in a statement that taxis were“an integral part” of Egypt’s transportation system, and that  its plan to enlist taxi drivers into the platform is part of its aims to meet the different needs of the Egyptian market. Uber plans have however met resistance from The White Taxi Drivers and Owners Association, Egypt’s biggest grouping of taxi drivers, which has pronounced itself on…

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Ridesharing company Uber splashes out billions in deal to acquire rival Careem

MIDDLE EAST– US-based ridesharing company Uber has completed the acquisition of its Emirati rival Careem in a US$3.1 billion deal. Uber announced in a press release. With this deal, Uber will start operating in over 100 cities in the Middle-East and North Africa region, including Moroccan cities. The company, however, decided to preserve Careem’s brand. Careem’s co-founder and CEO, Mudassir Sheikha, will remain at the head of the company, but the administration board will include three representatives from Uber and two representatives from Careem. The deal allows Uber to penetrate…

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