Careem on Monday launched its services in Baghdad, even as questions remain over security conditions in the Iraqi capital.
The ride-sharing company, whose investors include Saudi Prince Alwaleed bin Talal and German car-maker Daimler, said it plans to expand into more cities across Iraq in the near future, without giving further details.
“Through our presence on the ground, we hope to contribute to the rebuilding of Iraq to its former status as one of the leading nations in the Middle East," said Mudassir Sheikha, the co-founder and chief executive of Careem. "Iraq is a country with rich heritage and strategic importance for the region."
But the launch coincided with a double suicide bombing in Tayaran Square in the city centre, a stark reminder of the threat from ISIL to businesses and civilians in the city, even though the pace of such attacks has slowed since the government declared last month it had retaken all territory from the group.
“Iraqi forces have done a good job in recent months of recapturing lands held by Islamic State throughout the country,” said Joel Gulhane, a Middle East analyst at The Risk Advisory Group in London.
“But Monday’s bombing shows the threat from [ISIL] is still present regardless of whether or not they hold territory in the country and that civilians are still targeted.”
“Despite government efforts, Baghdad does continue to be a highly insecure environment for businesses to operate in. The frequency of suicide and car bombings fell in 2017 to less than four a month on average, compared with more than five a month in 2016. Smaller bombings also continue to occur almost every other day, contributing to the uncertain security environment in the capital.”
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Read more:
Uber and Careem to increase prices in the UAE
Careem blazes a trail for Middle East tech start-ups
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Mr Sheikha said the company was fully aware of the security and other challenges that faced it in the country.
"We are determined to overcome local challenges so that we can simplify mobility for Iraqis and create income-generating opportunities for them and their families," he said.
Careem now operates in over 90 cities across more than 13 countries in the wider Middle East region. The firm has more than 15 million users and 500,000 drivers or "captains."
The company, founded in 2012, is one of the most prominent start-ups in the Middle East, becoming the region's first tech unicorn in late-2016 after a US$350 million funding round led by Japan's Rakuten and Saudi Telecom valued the company at $1 billion.
Careem in August agreed a partnership deal with Didi Chuxing, China's largest ride-hailing firm, including an undisclosed investment component.
The company is looking to deepen its penetration in key markets including Egypt, Pakistan and Turkey in 2018, and is considering entering new markets including East African countries such as Kenya and Uganda.
If you go
Flight connections to Ulaanbaatar are available through a variety of hubs, including Seoul and Beijing, with airlines including Mongolian Airlines and Korean Air. While some nationalities, such as Americans, don’t need a tourist visa for Mongolia, others, including UAE citizens, can obtain a visa on arrival, while others including UK citizens, need to obtain a visa in advance. Contact the Mongolian Embassy in the UAE for more information.
Nomadic Road offers expedition-style trips to Mongolia in January and August, and other destinations during most other months. Its nine-day August 2020 Mongolia trip will cost from $5,250 per person based on two sharing, including airport transfers, two nights’ hotel accommodation in Ulaanbaatar, vehicle rental, fuel, third party vehicle liability insurance, the services of a guide and support team, accommodation, food and entrance fees; nomadicroad.com
A fully guided three-day, two-night itinerary at Three Camel Lodge costs from $2,420 per person based on two sharing, including airport transfers, accommodation, meals and excursions including the Yol Valley and Flaming Cliffs. A return internal flight from Ulaanbaatar to Dalanzadgad costs $300 per person and the flight takes 90 minutes each way; threecamellodge.com
The specs
Engine: 77.4kW all-wheel-drive dual motor
Power: 320bhp
Torque: 605Nm
Transmission: Single-speed automatic
Price: From Dh219,000
On sale: Now
The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
COMPANY PROFILE
Name: Almnssa
Started: August 2020
Founder: Areej Selmi
Based: Gaza
Sectors: Internet, e-commerce
Investments: Grants/private funding
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The specs: 2018 Peugeot 5008
Price, base / as tested: Dh99,900 / Dh134,900
Engine: 1.6-litre turbocharged four-cylinder
Transmission: Six-speed automatic
Power: 165hp @ 6,000rpm
Torque: 240Nm @ 1,400rpm
Fuel economy, combined: 5.8L / 100km
Company%20Profile
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The specs
Engine: 3.0-litre 6-cyl turbo
Power: 435hp at 5,900rpm
Torque: 520Nm at 1,800-5,500rpm
Transmission: 9-speed auto
Price: from Dh498,542
On sale: now
The specs
Engine: 1.5-litre 4-cylinder petrol
Power: 154bhp
Torque: 250Nm
Transmission: 7-speed automatic with 8-speed sports option
Price: From Dh79,600
On sale: Now
The specs
Engine: 2.7-litre 4-cylinder Turbomax
Power: 310hp
Torque: 583Nm
Transmission: 8-speed automatic
Price: From Dh192,500
On sale: Now
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The years Ramadan fell in May
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Moon Music
Artist: Coldplay
Label: Parlophone/Atlantic
Number of tracks: 10
Rating: 3/5