Careem reportedly exits Swvl

Careem reportedly exits Swvl: Careem has reportedly exited its stake in mass transit app Swvl, Al Mal claims, citing sources close to the transaction. The exit comes as Careem has begun rolling out its own bus hailing service last month, according to the source, who gave no further detail. Careem had bought an undisclosed stake in Swvl back in July 2017 for USD 500,000.