Careem, the Middle East ride-hailing provider based in the UAE, is testing a bus-booking service ahead of a possible roll-out out across all 14 countries it operates in.
Careem Bus - a division aimed at attracting low-income earners - will initially go live in at least four Egyptian cities, and is expected to be rolled out in September, according to people familiar with the business who asked to remain anonymous. A Careem spokeswoman did not immediately respond to a request for comment.
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Read more:
Careem said to raise $150m to start food delivery business in the Middle East
UAE motorists turn to used car market as new sales hit speed bump
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The people did not disclose how much the Dubai company is investing in this project, but indicated that significant capital has been allocated for it.
Competition with Uber Technologies is pushing Careem to look at expanding into other services including food and package delivery. Uber has held preliminary talks to merge with its local competitor, people familiar with the matter previously told Bloomberg.
Careem has also been speaking with investors to raise $500 million, and has held early talks with banks about a potential IPO in January.
Company%20Profile
How to apply for a drone permit
- Individuals must register on UAE Drone app or website using their UAE Pass
- Add all their personal details, including name, nationality, passport number, Emiratis ID, email and phone number
- Upload the training certificate from a centre accredited by the GCAA
- Submit their request
What are the regulations?
- Fly it within visual line of sight
- Never over populated areas
- Ensure maximum flying height of 400 feet (122 metres) above ground level is not crossed
- Users must avoid flying over restricted areas listed on the UAE Drone app
- Only fly the drone during the day, and never at night
- Should have a live feed of the drone flight
- Drones must weigh 5 kg or less
Origin
Dan Brown
Doubleday
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