Tag Archives: Careem

Mideast ride-hailing app Careem resumes Ramallah services
March 28, 2018 6:00 am|Comments (0)

DUBAI (Reuters) – Middle East ride-hailing app Careem said on Wednesday it had resumed services in the Palestinian city of Ramallah in the Israeli-occupied West Bank after striking a deal with Palestinian transport authorities.

FILE PHOTO: An employee shows the logo of ride-hailing company Careem on his mobile in his office in the West Bank city of Ramallah July 17, 2017. REUTERS/Mohamad Torokman

Dubai-based Careem suspended services in Ramallah last November, four months after launching there, at the request of the Palestinian Authority, which exercises limited self-rule in the West Bank.

Careem said in a statement it had agreed with the Palestinian transport ministry for its fares to be the same as metered taxis. It has resumed services only with licensed taxi drivers but plans to later add private cars.

Careem believes its services will remain competitive even with fares the same as for regular taxis. It said the taxi booking and payment services on its app were convenient compared with hailing a cab on the street.

Ride-hailing apps have faced opposition in many markets around the world by making inroads into the traditional taxi industry.

Careem said it had signed up hundreds of drivers in the West Bank, where the Palestinian unemployment rate is high.

The ride-hailing company has raised over $ 500 million and expanded to over 90 cities across 13 countries predominantly in the Middle East since launching in 2012.

Careem started services in the West Bank city of Nablus and in Gaza City this year and said it would continue looking at adding more cities in the tiny Palestinian-ruled enclave.

Careem is a Middle East rival to U.S. company Uber Technologies [UBER.UL], which does not operate in the Palestinian territories.

Reporting by Alexander Cornwell; Editing by Mark Heinrich

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Careem acquires Middle East online restaurant listing platform, to trial food delivery
February 18, 2018 6:01 am|Comments (0)

DUBAI (Reuters) – Careem, a Middle East competitor to Uber Technologies [UBER.UL], said on Sunday it had acquired RoundMenu and would start trialing food delivery services through the restaurant listing and reservation online platform this month.

The Dubai-based ride hailing firm acquired the website and app for an undisclosed sum.

“Careem will begin testing a delivery capability for RoundMenu customers on a small scale later this month,” it said in a statement to Reuters.

RoundMenu has a presence in 18 cities across nine Arab countries, including Saudi Arabia, the United Arab Emirates, and Egypt, according to its website.

There is demand for delivery services in the Middle East, particularly in the Gulf Arab states where temperatures can soar above 50 degrees in the summer.

Several food delivery companies, including Talabat, Zomato, UberEats, and Deliveroo, are active in the region.

RoundMenu has raised $ 3.1 million in funding since it launched in 2012, the Careem statement said.

Careem said in June it would accelerate expansion plans after raising $ 500 million from investors, including German carmaker Daimler and Saudi Arabia’s Kingdom Holding.

In July, it took a minority stake in an Egyptian start-up that connects commuters with private buses in Cairo.

Reporting by Alexander CornwellEditing by Shri Navaratnam

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