Careem hikes its fares, temporarily halts surge pricing

Ride-hailing app Careem has hiked its fares to offset increased costs from last month’s fuel price increases, Al Mal reports. The base fare has been increased to EGP 5 from EGP 4.75 previously, while the fare for each kilometer traveled was raised to EGP 2, up from EGP 1.70. The company has also decided to temporarily suspend surge pricing until 20 July, Head of Careem Egypt's operations Ramy Kato said, according to Al Borsa.