Company Insights Careem Tech Careem News Transport Dubai considers taxi operator IPO as sector surges Dubai is considering a stock market listing for its taxi operator, as the sector surges back to pre-pandemic levels and attracts local and international investment. The emirate’s Roads and Transport Authority (RTA) is in the early stages of considering listing the Dubai Taxi Corporation (DTC) as the latest state-backed entity to list on the Dubai […] May 31, 2023 Opinion Economy In the vortex of Dubai’s cost of living whirlwind Prices keep rising, but there is a flipside May 25, 2023 ChatGPT founder’s visit gets Dubai talking about AI Sam Altman, CEO of OpenAI, the company that created controversial artificial intelligence-powered chatbot ChatGPT, is heading to Dubai this summer as part of a world tour to meet with users, developers and policymakers. Industry observers say the executive’s stop in the city is recognition of the Gulf’s digital advancement and anticipate that OpenAI will establish […] April 14, 2023 Banking & Finance UAE telco announces cash dividend details UAE telco e& will pay a cash dividend for the second half of 2022 at AED0.4 per share, taking the annual dividend per share to AED0.8 for the last year. Jassem Mohamed Bu Ataba Al Zaabi, chairman of e&, said the company’s core businesses have sustained solid performance while new business verticals and merger and […] April 12, 2023 e& takes $400m majority stake in Careem The former Emirates Telecommunications Group Company, e&, has acquired a $400 million majority stake in Careem. The super-app, which is owned by Uber, offers multiple services such as ordering taxis, grocery shopping and mobile payments. e& has taken a 50.03 percent share of the company, which has operations in over 80 cities, covering nine countries […] April 10, 2023 Exclusive Tech Osman Sultan on Mena’s move from ‘telco’ to ‘techco’ Osman Sultan proclaimed in 1997 he would put “a mobile in the hand of everyone” in Egypt. At the time, even some shareholders at Egyptian Company for Mobile Services (MobiNil), where he was CEO, were unsettled by his audacious statement. Egypt’s telecoms regulator granted him a licence to become the country’s first mobile operator, but […] April 7, 2023 Transport Qatar vetoes Uber’s $3.1bn Careem deal Qatar’s competition authority has vetoed Uber’s $3.1 billion acquisition of Middle East rival Careem, four years after it was announced. Careem confirmed this week it had ceased operations in the Gulf state from February 28, despite the company expanding its fleet of branded cars to help transport fans to and from football matches during last […] March 2, 2023 Food & Drink UAE food delivery sector has strong appetite for growth The UAE’s food delivery market is yet to reach saturation point, according to industry experts, and there is still plenty of room at the table for others to join the party. Statista, the Hamburg research platform, reported that the sector in the UAE is forecast to see annual growth of 6.33 percent overall through to […] February 22, 2023 Banking & Finance Chauffeur firm gains UAE investor for premium Gulf service Chauffeur operator Blacklane has attracted investment from Dubai conglomerate Gargash Group, as it aims to offer Gulf passengers a more luxurious alternative to ride-hailing apps such as Uber and Careem. Founded in Berlin in 2011, Blacklane is active in around 50 countries. It launched in the Gulf in 2016 and currently operates in Dubai, Abu […] January 31, 2023 Exclusive Food & Drink Cashless economy is at the door, says food delivery boss A cashless economy in the UAE is no longer just an ambition, according to Tatiana Rahal, managing director of food delivery giant Talabat UAE. “The future in the UAE is digital and we see cashless payments as the primary currency,” said Rahal, the company’s first MD who has previously worked on data analytics for brands […] January 23, 2023 Posts navigation Previous 1 … 3 4 5 6 Next
Transport Dubai considers taxi operator IPO as sector surges Dubai is considering a stock market listing for its taxi operator, as the sector surges back to pre-pandemic levels and attracts local and international investment. The emirate’s Roads and Transport Authority (RTA) is in the early stages of considering listing the Dubai Taxi Corporation (DTC) as the latest state-backed entity to list on the Dubai […] May 31, 2023
Opinion Economy In the vortex of Dubai’s cost of living whirlwind Prices keep rising, but there is a flipside May 25, 2023
ChatGPT founder’s visit gets Dubai talking about AI Sam Altman, CEO of OpenAI, the company that created controversial artificial intelligence-powered chatbot ChatGPT, is heading to Dubai this summer as part of a world tour to meet with users, developers and policymakers. Industry observers say the executive’s stop in the city is recognition of the Gulf’s digital advancement and anticipate that OpenAI will establish […] April 14, 2023
Banking & Finance UAE telco announces cash dividend details UAE telco e& will pay a cash dividend for the second half of 2022 at AED0.4 per share, taking the annual dividend per share to AED0.8 for the last year. Jassem Mohamed Bu Ataba Al Zaabi, chairman of e&, said the company’s core businesses have sustained solid performance while new business verticals and merger and […] April 12, 2023
e& takes $400m majority stake in Careem The former Emirates Telecommunications Group Company, e&, has acquired a $400 million majority stake in Careem. The super-app, which is owned by Uber, offers multiple services such as ordering taxis, grocery shopping and mobile payments. e& has taken a 50.03 percent share of the company, which has operations in over 80 cities, covering nine countries […] April 10, 2023
Exclusive Tech Osman Sultan on Mena’s move from ‘telco’ to ‘techco’ Osman Sultan proclaimed in 1997 he would put “a mobile in the hand of everyone” in Egypt. At the time, even some shareholders at Egyptian Company for Mobile Services (MobiNil), where he was CEO, were unsettled by his audacious statement. Egypt’s telecoms regulator granted him a licence to become the country’s first mobile operator, but […] April 7, 2023
Transport Qatar vetoes Uber’s $3.1bn Careem deal Qatar’s competition authority has vetoed Uber’s $3.1 billion acquisition of Middle East rival Careem, four years after it was announced. Careem confirmed this week it had ceased operations in the Gulf state from February 28, despite the company expanding its fleet of branded cars to help transport fans to and from football matches during last […] March 2, 2023
Food & Drink UAE food delivery sector has strong appetite for growth The UAE’s food delivery market is yet to reach saturation point, according to industry experts, and there is still plenty of room at the table for others to join the party. Statista, the Hamburg research platform, reported that the sector in the UAE is forecast to see annual growth of 6.33 percent overall through to […] February 22, 2023
Banking & Finance Chauffeur firm gains UAE investor for premium Gulf service Chauffeur operator Blacklane has attracted investment from Dubai conglomerate Gargash Group, as it aims to offer Gulf passengers a more luxurious alternative to ride-hailing apps such as Uber and Careem. Founded in Berlin in 2011, Blacklane is active in around 50 countries. It launched in the Gulf in 2016 and currently operates in Dubai, Abu […] January 31, 2023
Exclusive Food & Drink Cashless economy is at the door, says food delivery boss A cashless economy in the UAE is no longer just an ambition, according to Tatiana Rahal, managing director of food delivery giant Talabat UAE. “The future in the UAE is digital and we see cashless payments as the primary currency,” said Rahal, the company’s first MD who has previously worked on data analytics for brands […] January 23, 2023
