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Topic - Careem

Careem is a multinational transportation network company operating an app-based car booking service company based in Dubai. - Source: Wikipedia

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CORRECTS: Ride-hailing service Uber acquires Mideast competitor Careem for $3.1B in largest tech sal

Associated Press

This June 12, 2018, file photo shows the Uber app on a phone in New York. Ride-hailing service Uber announced on Tuesday, March 26, 2019, it has acquired its Mideast competitor Careem for $3.1 billion, making it the largest-ever technology purchase in the region. (AP Photo/Richard Drew, File)

Uber acquires Mideast competitor Careem for $3.1 billion

By Aya Batrawy and Fay Abuelgasim - Associated Press

FILE - In this July, 23, 2017 file photo, Saudi Crown Prince Mohammed bin Salman poses while meeting with Turkey's President Recep Tayyip Erdogan in Jiddah, Saudi Arabia. Saudi Arabia's King Salman on Saturday, Nov. 11 2017, removed a prominent prince who headed the National Guard, replaced the economy minister and announced the creation of a new anti-corruption committee. (Presidency Press Service/Pool Photo via AP, File)

Billionaire prince among dozens arrested in Saudi sweep

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Saudi Telecom Co. buys stake in riding-hailing app Careem

Associated Press