Egyptian President Abdel Fattah El Sisi (R) walking with Saudi Arabia's Crown Prince Mohammed bin Salman (L) prior his departure, in Cairo. EPA
Egyptian President Abdel Fattah El Sisi (R) walking with Saudi Arabia's Crown Prince Mohammed bin Salman (L) prior his departure, in Cairo. EPA
Egyptian President Abdel Fattah El Sisi (R) walking with Saudi Arabia's Crown Prince Mohammed bin Salman (L) prior his departure, in Cairo. EPA
Egyptian President Abdel Fattah El Sisi (R) walking with Saudi Arabia's Crown Prince Mohammed bin Salman (L) prior his departure, in Cairo. EPA

Saudi's Crown Prince says Qatar won't be barred from Arab summit


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Saudi Arabia’s Crown Prince Mohammed bin Salman said that Qatar will not be barred from an Arab summit in Riyadh later this month, but the standoff between Doha and its neighbouring countries could last a “long time”.

Saudi Arabia, the UAE, Bahrain and Egypt have cut all transport and diplomatic ties with Qatar over its support of extremist groups and interference in the affairs of other countries. Doha denies this.

“We will not accept any resolutions to the crisis [with Qatar] outside an Arab or a Gulf framework, but that does not mean we will bar Qatar from attending the upcoming Arab summit,” Crown Prince Mohammed said in comment published on Wednesday in the Egyptian daily, Al Shorouk.

He added that the dispute with Doha “could last for a long time”, making a comparison to America’s decades-long embargo on Cuba.

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Read more

Mohammed bin Salman begins Egypt visit with focus on regional issues

Saudi Arabia: Qatar continues to propagate hatred amid US efforts to resolve crisis

UAE's Gargash says Qatar will remain in dire situation despite investments

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Saudi Arabia's Mohammed bin Salman was in Cairo earlier this week on his first foreign visit since being appointed crown prince last June.

Mediation efforts by Kuwait and the US have so far failed to end the rift between Qatar and its neighbouring countries.

The four Arab countries stand firm by their decision to boycott Qatar, saying they are willing to re-establish communications with Doha only if it adheres to regional and international agreements and the demands and principles they have issued.

Doha has so far refused to meet the quartet's 13 demands – including the closure of Qatar-owned Al Jazeera news channel, which the quartet says provides a platform for extremists and dissidents.

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Manchester City 0

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Based: Tunisia 
 
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Investment raised: $4 million 
Lexus LX700h specs

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Email sent to Uber team from chief executive Dara Khosrowshahi

From: Dara

To: Team@

Date: March 25, 2019 at 11:45pm PT

Subj: Accelerating in the Middle East

Five years ago, Uber launched in the Middle East. It was the start of an incredible journey, with millions of riders and drivers finding new ways to move and work in a dynamic region that’s become so important to Uber. Now Pakistan is one of our fastest-growing markets in the world, women are driving with Uber across Saudi Arabia, and we chose Cairo to launch our first Uber Bus product late last year.

Today we are taking the next step in this journey—well, it’s more like a leap, and a big one: in a few minutes, we’ll announce that we’ve agreed to acquire Careem. Importantly, we intend to operate Careem independently, under the leadership of co-founder and current CEO Mudassir Sheikha. I’ve gotten to know both co-founders, Mudassir and Magnus Olsson, and what they have built is truly extraordinary. They are first-class entrepreneurs who share our platform vision and, like us, have launched a wide range of products—from digital payments to food delivery—to serve consumers.

I expect many of you will ask how we arrived at this structure, meaning allowing Careem to maintain an independent brand and operate separately. After careful consideration, we decided that this framework has the advantage of letting us build new products and try new ideas across not one, but two, strong brands, with strong operators within each. Over time, by integrating parts of our networks, we can operate more efficiently, achieve even lower wait times, expand new products like high-capacity vehicles and payments, and quicken the already remarkable pace of innovation in the region.

This acquisition is subject to regulatory approval in various countries, which we don’t expect before Q1 2020. Until then, nothing changes. And since both companies will continue to largely operate separately after the acquisition, very little will change in either teams’ day-to-day operations post-close. Today’s news is a testament to the incredible business our team has worked so hard to build.

It’s a great day for the Middle East, for the region’s thriving tech sector, for Careem, and for Uber.

Uber on,

Dara