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Careem in talks with Egypt over mass transit services
Careem is in talks with the government to provide mass transit services, newly-appointed General Manager Wael Abou El Ela told…
GB Auto to supply Careem with locally assembled Chery Arizzo cars
Ride-hailing company Careem has reached an agreement with GB Auto to supply it with an undisclosed number of Chery Arizzo…
ECA extends technical examination period of Uber-Careem merger
ECA gives itself more time to rule in Uber-Careem merger: The Egyptian Competition Authority (ECA) has extended the period during…
UAE authorities greenlight Uber-Careem merger, Egypt’s ECA yet to decide
UAE authorities greenlight Uber-Careem merger: Emirati Minister of Economy Sultan bin Saeed Al Mansouri has given “unconditional approval” to Uber’s…
Egyptian Competition Authority, Uber, Careem meet to smooth out regulatory snags in merger process
Competition authority meets with Uber, Careem on merger: The Egyptian Competition Authority (ECA) met on Thursday with representatives from Uber…
Uber-Careem takeover could lose USD 470 mn, Egypt watchdog a major concern
Uber will pay 15% less for Careem if the two fail to get regulatory approval in jurisdictions including Egypt. Uber…
The Egyptian Competition Authority’s guide to how to use anti-cartel legislative provisions to control and review mergers
A CONTRARIAN VIEW- Does the ECA have the legal ground to stop Uber from buying Careem? Or to block any…
Uber, Careem sign agreement to proceed with acquisition
M&A WATCH- Uber is acquiring Careem in a USD 3.1 bn transaction, making Careem the MENA region’s most valuable ‘unicorn’…
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