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FINANCIAL NEWS
Careem looks to expand in Middle East
13 Sep 2013
(MENAFN) The UAE-based chauffeur-driven car booking service based, Careem, is planning to invest USD1.7 billion to expand in the Middle East, Saudi Gazette reported.
“We are very excited to have STC Ventures as an investor and partner. This investment will accelerate our regional expansion plans and further strengthen our operating platform that needs to cater to relatively complex logistics of the region,” said co-founder of Careem, Mudassir Sheikha.
Careem now operates over 1000 cars in Abu Dhabi and Dubai as well as Riyadh and Doha.
More News
13 Apr 2026
BBK launches the Youth Advisory Council (YAC) to empower youth and advance innovation
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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