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Startups in the Middle East: a fun(ding) adventure

The Middle East is a region of great opportunity. We have a large and young population with more than its fair share of problems, and as every entrepreneur knows, every problem is an opportunity; the bigger the problem, the bigger the opportunity. As a region, we are also one of the largest exporters of capital …

Mudassir Sheikha

Traffic Congestion during night in Cairo, hinders cab drivers from making enough money to cover their families’ expenses (DNE/Hassan Ibrahim)

Egyptians’ work attitude from the perspective of Uber & Careem

“I will reach you in just a few minutes,” a driver of one of the new transportation application companies told me recently—which concluded in my being picked up half an hour later. The dilemma of such applications is that most of the drivers don’t take into account the fact that the application technology determines their …

Mohammed Nosseir

Details of the final trip of Fakharany in Careem

After Wael Fakharany was dismissed from his post at Careem earlier this week, an exclusive source in Careem told Daily News Egypt that the main reason behind the removal of Fakharany from his post as head of the company was his alleged disregard of workers, managers, and officials in the company, as well as making …

Mohamed Alaa El-Din

Uber is most affordable ride in town according to latest fare rates

After thorough studies on balancing fare rates with the current economic situation in Egypt, Uber has increased its fare prices to suit the new raise in prices, specifically vehicle prices and fuel prices, which saw a recent increase of 35%. Taking into account the interest of the riders and drivers on the platform, Uber is …

Mohamed Alaa El-Din

Careem expands services to include 3 new Pakistani cities

Careem, the company specialised in booking cars through a smartphone application, has announced that it will expand the range of its services to include more than 50 cities in the Middle East and North Africa, South Asia, and Turkey, as the company launched its services in three new cities in Pakistan. “Our main goal is …

Daily News Egypt

Careem becomes MENA’s second unicorn, raises $350m

  Ride-hailing app Careem announced closing an initial investment round of $350m, as part of a $500m funding round. The investment of $350m was co-led by Japan’s Rakuten Inc. and telecom operator Saudi Telecom Company (STC). Up until now, investors in Careem include Abraaj Group, Al Tayyar Group, Beco Capital, El Sewedy Investments, Endure Capital, …

Daily News Egypt

Uber to give drivers daily bonus to face fuel price increase

Uber modified its driver payment system after the increase of fuel prices a few days ago. The company introduced a daily bonus to ensure the increase of the drivers’ daily income, while the value of the bonus will be calculated in accordance to the number of trips driver concludes. According to an official in Uber, …

Mohamed Alaa El-Din