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What we’re tracking on 12 May 2019
Welcome to another workweek, ladies and gentlemen — and to week two of Ramadan. Driving the agenda this week (caffeine…
What we’re tracking on 07 May 2019
Welcome to one of the slowest news days of the past year, ladies and gentlemen. We hope your first day…
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…
What we’re tracking on 16 April 2019
Today’s the big day: After weeks of deliberation, the House of Representatives will today vote on the proposed constitutional amendments…
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 Egypt partners with Dryve to connect drivers with cars
Uber Egypt has partnered with peer-to-peer car sharing platform Dryve, a peer-to-peer car-rental platform, according to an emailed statement (pdf).…
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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