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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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.
Day 5, Abu Dhabi Test: At a glance
Moment of the day When Dilruwan Perera dismissed Yasir Shah to end Pakistan’s limp resistance, the Sri Lankans charged around the field with the fevered delirium of a side not used to winning. Trouble was, they had not. The delivery was deemed a no ball. Sri Lanka had a nervy wait, but it was merely a stay of execution for the beleaguered hosts.
Stat of the day – 5 Pakistan have lost all 10 wickets on the fifth day of a Test five times since the start of 2016. It is an alarming departure for a side who had apparently erased regular collapses from their resume. “The only thing I can say, it’s not a mitigating excuse at all, but that’s a young batting line up, obviously trying to find their way,” said Mickey Arthur, Pakistan’s coach.
The verdict Test matches in the UAE are known for speeding up on the last two days, but this was extreme. The first two innings of this Test took 11 sessions to complete. The remaining two were done in less than four. The nature of Pakistan’s capitulation at the end showed just how difficult the transition is going to be in the post Misbah-ul-Haq era.
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More on Quran memorisation:
Thank You for Banking with Us
Director: Laila Abbas
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